Member Info for MisterPositive

I am guessing those other 6 out of 14 are still waiting for their brown envelopes....LoL

Those 8 voting in favour must be happy with their Christmas present...this year from Santa.

Is MATD asking for more land area to expand Heron?

Captain Sparrow is next.....LoL

SuperRoty,
I take it you back in....LoL

Quite possible Licence comes in early.

Mike Buck now got a better handle on how things are done in Mongolia. Hence they started the process early.

Got a very good feeling about this company.

Have a sneaky feeling Exploitation licence could come early. Will not be surprised if it actually is granted by end of this year OR Jan.

Mike Buck was very positive on that.

I will say this.....Captain Sparrow is defo providing lots of entertainment during this quiet period.

However when this comes out of Hibernation, we don't know, but my own guess is Jan next year could see a fast shift in momentum here Or sooner if Exploitation licence comes in early. Either way anticipation of what is ahead of us next year, should provide a spark that is needed to get this show back on track.

Captain sparrow side show is just a distraction.

Thanks Obelix.

Sorry did not get a chance to read your link. Appreciate it.
Sooner the better .

What time frames do people expect for granting of Exploitation licence?

My own guess would be sometime in January, could come early. It looks simple formality to me. Only thing that takes time is all the Red Tape amongst different Govt departments.

Sooner that box is ticked, strong momentum can resume.

What I have learned in life is....

You only fail when you give up...

Signals change during the Uptrend.

This should come to life early 2020, if news comes in early.

That 9.125 should be left well behind when this starts moving early next year.

Biggest gains have come in winter months as it moves well ahead of events.

Well anything and a lot can happen here. I'm sure Petrovis / PetroMatad would be pushing Govt for a quick turnaround of the Exploitation licence.

What if:

* Exploitation Licence is granted early
* Farm-in deal for Block XX happens early
* Production from Heron starts early
* Velociraptor happens end of Q3-2020 (instead of 2021)

All above would be 'Major' price catalysts.

Petrovis runs more or less the full oil supply and distribution chain across whole of Mongolia. They have close and strong contacts with Govt. Both have their interests aligned to get a move on with local oil production. Exploitation licence seems mere formality to me. Deal with oil major should follow soon, be it Petrochina OR somebody else. Next price run should happen here soon as we check the boxes. 2020 could bring good gains here in my opinion for all. Just need to hang on there. No point selling low after coming this far.

Let's not forget Petrovis is the biggest fuel distributor with petrol stations across Mongolia. Petrovis formed PetroMatad in 2008 as their Crude oil exploration arm. Petrovis operates complete petroleum supply chain in Mongolia with over 400 petrol stations. Petrovis imports oil from RoseNeft, Gazprom, PetroChina, China Oil, KoreaOil.

Largest shareholders in PetroMatad:
1. Petrovis
2. EBRD

Manro
Chill...market will respond soon as Exploitation licence and JV is sorted. This is AIM and we go through quite periods sometimes. We know how fast this moves. Traders move about looking for their next 30 or 50% rise. They will be back as things get sorted. My own feeling is Exploitation licence would be sorted sooner than later as Govt wants to get a move on. Farm in / JV should follow soon after. Got a feeling Jan-Mar period we could see this Multi-bag in a very short time frame.

MIF
Good post.

Lot of things going on in the background. Govt wants to promote their local oil company.

Bonum
My own view is things might happen in this order.

1. Fast track exploitation licence

2. Get Petrochina OR oil oil majors get in who would pay upfront cash as in normal Farm-in deals, generally speaking.

3. Get to production ASAP.

Could be wrong though .just a hunch.

Woukd be nice to know these 'other' companies Mike refers to

Agree with Groover. I have done same only a few times just to get upto speed with latest developments. We all lead very busy lifestyles where sometines we just don't have the time. Having said that folks should still try and catch up with their own research when more time is available. Need to share the love, not put off new investors.

More the merrier...Ho Ho Ho :-))