Member Info for Oilfarmer

My bid stays at 2.5 for foreseeable

Hold that thought !! - Oilf.

Retail PIs - can't buy on Bookbuild ?
So sell the market ......
And Buy in at 2.5p !!
Come on PIs .... You know you can do it !!
Let the Market come to you !! Oilf.

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.

Well done Dozzawba ??

At last - a decent perspective in Land Rights issue !!

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.

Back Soon ?

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.

Why does Petro China want to start shifting Matad oil at Brent Crude prices when it is stuffed to the gunwhales with Cheap Russian crude ?

GLA - Oilf.

Sorry about duplicate reposted !! 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 ?

Jam Tomorrow
725million shares issued
Rinse Repeat next 5 years ?

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.

Problem is :
With excess supplies of Russian Oil & Gas flooding their marketplace
With Brent Crude at $120/bbl
Why would China want Matad production ?
In tankers or otherwise ?

GL - 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.