RE: RNS9 Sep 2024 07:47
I believe the market will think after the previous updates that there are more delays. Hope I am wrong as I have been a LTH for over 6 yrs. just don’t understand why they didn’t request construction permit many, many months ago. Appreciate your comment Accountant but come on, if you know you need a permit ask for one early. Some good comments overall this morning but I am very frustrated re continued delays after so many years of waiting. And no, good things come to those who wait doesn’t cut it.
Silver lining…who knows.
From 23/07/24
Meetings are scheduled before the end of July with the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), and with PetroChina's in-country management team to finalize details of the cooperation agreements required to allow Petro Matad to access PetroChina's oil processing facilities, transport and oil sales infrastructure.
From 22/08/24
. It is planned to install and commission the surface facilities during the current operational window and the approval process for the construction permit required for installation of the facilities is at an advanced stage.