Member Info for Oilfarmer

I got a share Alert this morning....

It said LICENCE GRANTED !!

NOT for MATD of course but for MND.AX
I continue to HOLD Matad of course in some misguided sense of Stupifaction that PM can be stuck in a void of Mongolian Government inaction. Where the he'll did the Ghengis Khan gene get lost

Well done Grogers being in the right share at the right time

Instead of Matad for the last twelve month ****show !!....

Hey Ho !! Onwards and upwards (?) .....

GL - Oilf.

At least some things (tax collection) in Mongolia are working if only via Court of Arbitration in London !!

http://bloombergtv.mn/%D0%B7%D0%B3-%D0%BE%D1%8E%D1%83-%D1%82%D0%BE%D0%BB%D0%B3%D0%BE%D0%B9-%D1%85%D1%85%D0%BA-%D1%82%D0%B0%D1%82%D0%B2%D0%B0%D1%80%D1%8B%D0%BD-%D0%B0%D0%BA%D1%82%D1%8B%D0%B3-%D1%85%D1%8D%D1%80%D1%8D%D0%B3%D0%B6%D2%AF%D2%AF%D0%BB%D0%B6-419-2-%D1%82%D1%8D%D1%80%D0%B1%D1%83%D0%BC-%D1%82%D3%A9%D0%B3%D1%80%D3%A9%D0%B3%D0%B8%D0%B9%D0%B3-%D1%82%D3%A9%D1%80%D0%B8%D0%B9%D0%BD-%D1%81%D0%B0%D0%BD%D0%B3%D0%B8%D0%B9%D0%BD-%D0%B4%D0%B0%D0%BD%D1%81%D0%B0%D0%BD%D0%B4-%D1%88%D0%B8%D0%BB%D0%B6%D2%AF%D2%AF%D0%BB%D1%81%D1%8D%D0%BD/?cid=9

Otherwise another day/week of MATD dross ensues ?....

GL - Oilf.

Oil price forecasts surging ?....

https://twitter.com/PriapusIQ/status/1367729406014332929?s=20

GL -Oilf.

So Mongolian Govt going to run MATD to the wire in Q2 ?

GL - Oilf.

So what else is happening in Mongolian Oil & Gas prospecting or production ?

Elixir Energy (EXR.AX) managed to dodge the Mongolian Covid bullet in December 2020 and has proceeded towards development despite !!
https://www.nextoilrush.com/exr-doubles-its-gas-resource-chinas-doorstep/

Just as 88 Energy (88E.L ) dodged the Biden bullet on North Slope Alaska....

So what is so special/difficult about the MATD EL proposition that it fails to progress except Govt incompetence ?

Still Holding !!
So long I can't remember why !! ?? ??

GL - Oilf.

Meanwhile Elixir Energy - EXR.AX - progresses in Mongolia despite Govt (?) Lockdown....

Article Refers to Cash Burn aspects of EXR as Small Cap stock...
https://uk.finance.yahoo.com/news/were-keeping-eye-elixir-energys-235610550.html

Any Relevance to MATD.L ?.....

GL - Oilf.

Mineral & Resources Committee - back to school next ?

GL - Oilf.

https://twitter.com/Marthalanefox/status/1363045010137112578?s=20

Until MATD hits the buffers in Q3 ?

What a shambles of a country ?

Oilf.

Hoping to win the Lottery and..... Bale Petro Matad and Mongolian Government out !!

They both seem to be stuck in a "timewarp" of "Covid Related" economic stasis !!...

Pull your fingers out Matad/Govt.....

"Further steps have to be taken to utilize natural resources sustainably without high grading, increase the level of mineral processing, improve border crossing capacity, supply energy from local sources, attract investments in geological exploration, simplify exploration licensing and improve competitiveness."

"The Government is taking proactive actions in these areas"........ Really ??

GLALTH here - Oilf.

Placing ?

Timely and necessary!!
Oilf.

Not unless another jv partner of Shell BG status gets back onboard !!...

GL - Oilf.

One day nearer to any JV or RBL Agreement....
Or else need something of a Benchmark to Discount any Shares to be Issued to new partners/investors (at 15% is it) ?

GL - Oilf.

The Block XX Exploitation Licence application has progressed with the meeting of the Mineral Resource Professional Council (MRPC) taking place. The meeting was held virtually due to a Covid-19 lockdown currently in place in Mongolia. MRPC reviewed Petro Matad's Heron Reserves Report and approved the submission without alteration.

Following the MRPC meeting, Petro Matad immediately wrote to the Ministry of Mining and Heavy Industry requesting the appointment of auditors who must now review the Plan of Development before this document is submitted to the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) and to MRPC for review and final approval. Preparation of the Plan of Development has already been completed by the Company and the documentation is ready for the audit and review process.

Petro Matad has also prepared its formal application to MRPAM for the Exploitation Area. Under the law, the Exploitation Area is to be determined by mutual agreement between MRPAM and the Company.

GL - Oilf

Not unless another jv partner of Shell BG status gets back onboard !!...

GL - Oilf.

Busy day ahead ?

GL - Oilf.

Pity Shell/BG didn't stay onboard !!

https://www.rigzone.com/news/oil_gas/a/146041/Petro_Matad_Shell_Agree_Block_IV_V_Exit_Deal

GL - Oilf.

BillyRay,

Your Link: https://www.petromatadgroup.com/wp-content/uploads/2020/12/AGM-20201210.mp3

Very Good Listening !!

Thanks for Posting - Oilf.

BillyRayVal

Thanks for that link to AGM Audio !!....
Helps alleviate the boredom - in the absence of AGM Vote Results !! - Oilf.

https://www.petromatadgroup.com/wp-content/uploads/2020/12/AGM-20201210.mp3

But No *Results of 6 Votes on Company Website Yet ?
(yes ONLY 6 Vote Results to post on Website !!)

* Or am I missing something ?

http://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?iframe=true&article=31507098&company=petromatad

GL with getting info from MATAD Website !!..... Oilf.