The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Well done Dozzawba ??
At last - a decent perspective in Land Rights issue !!
https://twitter.com/ikonnews/status/1595986350070968321?t=9rL5y4QvJkdOQv470ekN1A&s=19
I'm out of PM atm.
Money elsewhere.
Got to get back in at some stage.
Question is - When ?
HL - Thanks again - Oilf.
I am out of Matad atm.
Plan to Hope to
Buy back in
At about these levels
With Land Rights issur and Putin's cheap oil swilling around for Petro China
Rather than Matad's *Brent Crude priced oil (*dyor)
No great urgency to start pumping.
Interesting to see how EXR (dyor) and TMR (below) are progressing (or not !!) with THEIR Mongolian projects
Covid or No Covid
Rigs or No Rigs
Personnel or No Personnel
MB and Matad seem to be in the tweezers
Who What is the Tweezer Operator ??
https://hotcopper.com.au/asx/tmk/
GL - pending - Oilf.
https://www.bloomberg.com/news/articles/2022-07-29/russian-gas-pivot-toward-china-will-ease-europe-s-energy-crunch
Holding for action - Eventually - Oilf.
Don't think MB is "under water" by any stretch of the imagination.
Even if 50% Covid Salary cut still pertains !!
Working from home ?
Hope Oil & Gas demand in China & South-East Asia picks up soon.
Plenty of Cheap Putin production getting pumped down the pipelines. Even Saudi Arabia is buying the toxic product for its power stations.
While rest of world buys Their Oil !!
https://www.businessinsider.in/stock-market/news/saudi-arabia-more-than-doubled-russian-oil-imports-in-the-second-quarter-freeing-up-their-own-crude-for-export/articleshow/92905196.cms
GLA here - Oilf.
Don't think MB is "under water" by any stretch of the imagination.
Even if 50% Covid Salary cut still pertains !!
Working from home ?
Hope Oil & Gas demand in China & South-East Asia picks up soon.
Plenty of Cheap Putin production getting pumped down the pipelines. Even Saudi Arabia is buying the toxic product for its power stations.
While rest of world buys Their Oil !!
https://www.businessinsider.in/stock-market/news/saudi-arabia-more-than-doubled-russian-oil-imports-in-the-second-quarter-freeing-up-their-own-crude-for-export/articleshow/92905196.cms
GLA here - Oilf.
" Agreement was reached with the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), to pursue export of Heron crude through PetroChina's nearby processing and export facilities.....
.......until Mongolia's new domestic oil refinery begins operations in the coming years"
Which coming years are those ?
"Meetings were subsequently held with PetroChina to commence commercial negotiations"......
So commercial negotiations not completed yet ?
Until this certification is issued, land use permits are required to be granted by the local authorities...
To date, in the province in which Petro Matad's Block XX Exploitation Area is located, they have not done so.
Petro Matad is not the only operator impacted in this way.
So which other operators are affected
To what extent have their operations been stalled for last 18 months ?
EXR.AX (different province ?) seems to have been progressing throughout this period.
Different Management/Strategy/Timeframe ?
Different Product demand ?
Why does China want Matad oil at Brent Crude prices ?
https://www.bbc.co.uk/news/business-61861849
Oilf.
China’s crude oil imports from Russia soared by 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier.
China is importing record levels of Russian oil, via seaborne shipments and via the east Siberia Pacific pipeline.
from: China Stringer Network
So why does China/Petro China need Matad supplies at Brent Crude prices if it gets Putin supplies at a discount ?
So how has EXR.AX progressing these past 2 years while MB/Matad achieves diddly squat ?
https://elixirenergy.com.au/projects/
Opinion - Hold - no other option !!
Good Luck - we need it - in the absence of PROGRESS !!
Oilf
So what's happening for 2023 ?
Looks like MATAD prog 2022 is completely ****ed !!
Putin's Toxic (but cheap) Oil & Gas flooding to China & Asia
China/Mongolia Border Closed
Mongolia Oil & Gas resource workovers bossed by Covid
Good Luck - Oilf.
https://www.theguardian.com/world/2022/may/16/shanghai-to-end-covid-lockdown-and-return-to-normal-life-in-june-amid-economic-slowdown
And EXR.AX continue to perform
MATD not so !!
Some MB action by Christmas ?
GL. Oilf.