Member Info for master82

Let's hope we get no more hurdles.

Company has been run by bunch of amateurs.

Just when we think it's going to start producing we get another hurdle.

Now this export paperwork.

It's crazy how these fools are running this company

I'm expecting RNS with new blocks and sales agreement..next week .

Mrpam are signing PSC contracts one After another

Gusto . No one can pump SP or take it down.

If it was possible the SP would never come downwards. All the buyers would jump in and pump the SP.

Only real info/ news can send SP up or down.

Another licence awarded.

PRODUCTION SHARING AGREEMENT FOR METHANE GAS EXPLORATION SIGNED WITH “YU GES” COMPANY

According to the Resolution No. 135 of the Government of Mongolia dated October 23, 2024, the Department of Minerals and Petroleum has been granted the right to conclude a Production Sharing Agreement with “YU GES” LLC in the Central XXXVI coal seam methane exploration field.

Accordingly, the Director of the Department of Minerals and Petroleum L. Bayarmandal and the Executive Director of “YU GES” Company Mehmed Ridvan Karpuz signed the agreement today /2024.11.22/.

The ceremony was attended by State Secretary of the Ministry of Industry and Mineral Resources S. Javkhlanbaatar, Head of the Petroleum Policy Implementation Coordination Department of the Ministry of Industry and Mineral Resources Ch. Khishigdalai, Head of the Environmental Assessment and Audit Department of the Ministry of Environment and Climate Change Ch. Khansuren, Head of the Petroleum Products Department of the Ministry of Mineral Resources and Petroleum B. Tuvshinjargal, Head of the Petroleum Exploration Department E. Monkh-Ireedui, heads of relevant ministries and agencies, as well as Australian Ambassador Katie Smith, Representative of the American-Mongolian Chamber of Commerce Chris Millville, Representative and Board Member of the European-Mongolian Chamber of Commerce G. Batzul, Representative of the European-Mongolian Chamber of Commerce N. Tsedev, and other guests.

In his opening speech, L. Bayarmandal, Director of the Department of Minerals and Petroleum, said, “Since the Central XXXVI field is the closest to the city, we have high expectations that by identifying and extracting coalbed methane gas resources, it will play an important role in abandoning raw coal in the future, using ecologically clean fuel, and reducing air pollution in the city. That is why we have been supporting and cooperating with enterprises operating in this sector in every way for the sustainable development of the environment, regional and national common interests.”

He also expressed that “at a time when the Mongolian Government is aiming to make a green energy transition, we are pleased that the exploration agreement signed with the “Yugoslavia Gas Company” company has moved to the Production Sharing Agreement stage and progress is being made.”

Mehmed Ridvan Karpuz, Executive Director of the “Yugoslavia Gas Company” company, said, “Since the Central XXXVI field is located close to the city and in a coal-rich area, there is a high probability that coalbed methane gas will be discovered and produced. “If the exploration is successful, we can create a new source of green energy for Ulaanbaatar in the future,” he emphasized.

Currently, four companies have signed production sharing agreements for coalbed methane exploration in six fields in Mongolia, and have been conducting continuous exploration since 2018. The Australian c

H2 satellite images

https://x.com/mastersriv/status/1859926556539506870?t=FmEBo307c7aScsCsjQY1Iw&s=19

From the satellite images rig at H2 has been taken down .

Looks like a crane has moved in and working at H2..

Why would they continue at H2.. anyone here can explain. The crane has been there for few days..

Remember new company is not going to sign without getting guarantees from government. They will be dealing with the same governor.

Let's hope new governor is Decent to deal with. Unlike the last one

The ceremony was attended by B. Tuvshinjargal, Head of the Department of Petroleum Products of the Ministry of Minerals and Petroleum, Sh. Gankhuyag, Head of the State Administration Department, E. Munkh-Ireedui, Head of the Oil Exploration Department, and Petroleum of the Mineral Resources Policy Department of the Ministry of Industry and Mineral Resources. In addition to senior policy analyst A. Purev and officials of relevant departments of ministries and agencies, "Foyson Energy Holdings Limited" The company's investor, director of "Beijing Foyer Investment" Lui Kun, and other guests attended.

Aiming to meet the needs of oil products from domestic sources, Mongolia is working to build an oil refinery in the Altanshiree sum area of ​​Dornogovi province and put it into operation in 2027. Therefore, L. Bayarmandal, head of the Department of Minerals and Petroleum, emphasized in his opening speech that the exploration work of "Mongolia Foison Energy" LLC's Kherlentohoi XXVIII field is very important for providing the plant with crude oil and increasing reserves.

He also said, "Mongolia's long-term and medium-term development policy includes the goal of intensifying oil exploration, increasing reserves and increasing production, inviting investors to projects with high economic benefits, and paying special attention to creating a favorable and stable legal environment. We are currently reviewing this agreement. Therefore, we must coordinate with the government policies and laws in the oil industry, implement the principles of responsible mining, develop mutual understanding with the local community, contribute to the development of the region, consider the environmental and social impacts, and promote our activities. ", he reminded the executives of "Mongolia Foison Energy" and wished them success in their search.

"Mongolia Foison Energy" executive director Meng Zi Lee said in his speech that he will "strictly follow all relevant laws and regulations of Mongolia and fulfill his obligations under the contract."

This contract signed with "Mongolia Foison Energy" LLC in Kherlentohoi XXVIII field of oil exploration is a production sharing agreement that the Government of Mongolia is making in the new oil exploration field after 8 years.

"Mongolia Foison Energy" LLC invested a total of 49.7 million US dollars during the 8 years of exploration for the collection and interpretation of geological data of the exploration area, magnetic and gravity survey 20,000km2, 2D seismic survey 2000 lengths/km, 3D seismic survey Drill 13 exploration wells in an area of ​​400 km2, it is planned to be spent on activities such as sampling, borehole comprehensive research and testing, fluid fracturing, exploration, research, resource report development, and 575,000 USD is planned to be spent on environmental protection and restoration work.

"Beijing Foyer Investment" LLC, an investor of "Mongolia Foison Energy" LLC, is an internat

I'm sure it's another Chinese company.

This new company will be operating in Dorno province next to block 19..north west of block 19..

Governor has no choice but to sign as new companies are investing in Mongolia to boost the production

New blocks being signed.

A PRODUCT SHARING AGREEMENT WAS ESTABLISHED IN HERLENTHOI OIL FIELD XXVIII

According to Resolution No. 137 of the Government of Mongolia dated October 23, 2024, the Ministry of Minerals and Petroleum was granted the right to conclude a PSA with "Mongolia Foison Energy" LLC in the Kherlentohoi XXVIII field of oil exploration in accordance with the relevant laws.

In this context, L. Bayarmandal, head of the Department of Minerals and Oil, and Meng Zi Lee, executive director of Mongolia Foison Energy, reviewed the PSA agreement today /11.21.2024/.

Aiming to meet the needs of oil products from domestic sources, Mongolia is working to build an oil refinery in the Altanshiree sum area of ​​Dornogovi province and put it into operation in 2027. Therefore, L. Bayarmandal, head of the Department of Minerals and Petroleum, emphasized in his opening speech that the exploration work of "Mongolia Foison Energy" LLC's Kherlentohoi XXVIII field is very important for providing the plant with crude oil and increasing reserves.

Still waiting for response from the company

He's better off keeping his gob shut. Have we not learnt from the past. .

He needs to get the paperwork signed.

No one will believe this incompetent CEO.

Remember when he said few months for permit. We are still wait ing for full access after 2 years

I hope he gets fired..the sooner the better..

70m spent. Majority spent by MB and the sod can't even get paperwork solved .

mb has taken this company from above 13p to 1.4p

how does petrovis justify him running this **** show.

he is the only person responsible for his management skills.

selling goes on. it can only be petrovis who has huge numbers of shares to offload.

He needs to drill 50 meters away from heron..

HE NEEDS TO GET THE MONEY ROLLING IN BEFORE STARTING ANY NEW PROJECTS..

You know what the future price will be and you know who the traders are.

You've got Devine knowledge

Gusto you must be new here .

SP usually rises at PM in winter.

DYOR..

Everyone becomes an expert at SP predictions. SP is totally controlled by mms.

We are at the mercy of the mms..

We desperately need Our ceo to come and calm the market. We need clear plan for 2025.

No more Wildcats until money is flowing in to the account in its millions.

Petrovis should get involved and stop this madman who has no success with wildcat drilling in the past 7 years

We all need to write an email to PM. MB needs to come up with some answers. Why is endless paperwork not looked at in advance.

Why are they being amateurs .