Member Info for Pilsbury7

Bad Profit. If you can’t work it out have another read…..it’s not difficult…..hee heee

Let’s move forward instead of looking back and churning up the same old ground.

How long was the piece of string. He wasn’t to know how long the delay would last. I’ve always had faith in MB particularly when you review his past performance in the industry. He is honest and taking a 70% cut in salary speaks volumes and the paper loss he has on current share holdings He is a man of intergrity

That presentation was very different to earlier ones. Very positive, very honest and pleased to be holding a high volume of shares even if I’m 70% underwater. This will change…long live HERON

Early this morning I was stood outside the REICHSTAG in Germany when a Heron flew over. All will be well the Heron has signalled.

The discovery of oil in Texas contributed to the outbreak of the Mexican-American War in 1846. The Petro Matad oil fields are embryonic and the first stage of the Mongolian oil industry literally rising out of the ground. What we are seeing here is just a bar room fight in a wild west saloon - its no more than that.

The sheriff in town is the Oil Refinery which will bring some semblance of order within the next few years. Petro Matad will gradually increase oil revenues and establish a firm footing in Mongolia as it's already a Mongolian subsidiary sponsored by the Mongolians who want to keep well away from the Chinese influence that threatens their new found sovereignty. Lets look back in eighteen months time!

Bad Profit. You just made yourself sound quite stupid with that silly statement. Get a grip and get back to your normal and much loved quips.... :)

Abzza. An excellent summary of the power and politics that are playing out. The sole drive of Mongolia is to become energy independent with no imports and infact they want to export oil and electricity. Mongolia has always been subservial to China and Russia which is why the Mongolian oil fields have never been explored with Russia ensuring the Mongolian economy was pinned back at the peasant farmer level. The shackles were released with the break up of the Soviet Union which then allowed Mongolia to strive for their Sovereignty through energy independency. We are really in the embryonic phase of the oil fields being developed. I have said this a few times before but the Texas oil fields started with similar issues now look at their wealth. So forget about the Bashers as they will just fade away over time.

Well said Hamm even if it takes a further year it will be well worth the wait as a long term investment.

Excellent Gadgie. This was the link I was trying to find and confirms the JV arrangements that are being negotiated right now. Anything negative from the bashers is worthless as they have their own agenda to pull down the share price. The RNS link sets out the TRUE position.

DQE approached PM a few years ago and offered their services through a JV arrangement. They would drill the wells at their own cost whilst recovering their costs through an agreed % topslice of the revenues generated through the oil recovered.

I have always thought that this would be the route taken by PM as DQE can drill numerous wells quickly and understand the geology of the area. Michael Buck has mentioned this on several occasions in video streams and written updates. It was DQE who approached PM so the yare keen to do business.

DQE approached PM a few years ago and offered their services through a JV arrangement. They would drill the wells at their own cost whilst recovering their costs through an agreed % topslice of the revenues generated through the oil recovered.

I have always thought that this would be the route taken by PM as DQE can drill numerous wells quickly and understand the geology of the area. Michael Buck has mentioned this on several occasions in video streams and written updates.

Just take a look at Nativo Resources (NTVO) and you will see the extent that the MMs manipulate the share price. It's exactly the same situation with PM the MM's are manipulating the share price for their long and short term game.

Thanks. Mongolia's crude oil production in 2023 averaged 13,395 barrels per day. State-owned PetroChina operates 96% of the country's production, which is then transported to Chinese refineries.

That oil will have to be diverted to the Mongolian oil refinery with a top up coming from Petro Matad i.e. + 14,0000 barrels per day.

I33. Sorry, my question was who is producing the 16,000 at the moment?

Apologies i33. My confusion came from your ststement:

"Agreed, JV/buyout news will come soon, it has to for Mongolia, the refinery requires 30,000 bopd to run at 100% capacity, currently Mongolia produced circa 16,000 bopd, finding that other 14,000 bopd will take time, at least several years, the only oil field in Mongolia that can supply that is the currently untapped Heron field."

Was this statement incorrect? As you seem to intermate that Mongolia are producing circa 16,000 bopd.

I33 Who is in Mongolia producing the 16,000 bpd?

Well said BP

Every time an RNS is published it demonstrates neither the Stock Bashers or Rampers get anywhere close to what Petro Matad intend to do.

If Petro Matad aren't going to be about to supply the fuel stock to the oil refinery who is the most likely candidate.

Please don't say the Chinese as this is the very reason why Mongolia are building the oil refinery - to escape the Chinese and Russian supplied oil.

And, I would think that International Law would prevent the Mongolian Gov't bankrupting Petro Matad in order to take over the oil fields. Hold on - Petro Matad is Mongolian although registered in the UK.

Any sensible guesses?

Every time an RNS is published it demonstrates neither the Stock Bashers or Rampers get anywhere close to what Petro Matad intend to do.

If Petro Matad aren't going to be about to supply the fuel stock to the oil refinery who is the most likely candidate.

Please don't say the Chinese as this is the very reason why Mongolia are building the oil refinery - to escape the Chinese and Russian supplied oil.

And, I would think that International Law would prevent the Mongolian Gov't bankrupting Petro Matad in order to take over the oil fields. Hold on - Petro Matad is Mongolian although registered in the UK.

Any sensible guesses?