Member Info for researchandhold

Manxkipper - understood .

Yes, we all get them from time to time .

Leads to too much catastrophic thinking which psychologically we're wire to be more receptive to " fight or flight" wiring especially in the early hours of morning.!

Hope you get a better nights sleep tonight and then we all wake up to a block buster RNS. Cheers.

Manxkipper - you're a bit pessimistic today I see?

If you just added Putin accidentially causing nuclear war you'd have covered the lot.

Extract from RNS :- 22nd May 2023

“ Discussions on changes to the Production Sharing Contract (PSC), on the proposed work programme and on fiscal terms have been completed. This part of the process involved a visit to the UK and to the Isle of Man by representatives of MMHI and MRPAM and we were honoured to be accompanied on the trip to the Isle of Man by the Mongolian Ambassador to the UK.”

Why does that need a visit and why was a new co. set up just after ( I think some kind poster discovered it was Petro Matad Energy Ltd - stand to be corrected if memory fails)

Fascinating ?!

I bet its all approved , just conditional upon LP sign off then setting of start dates

.......and put it all in one big RNS and watch the re-rate!!

Extract from RNS 5th Dec 2022:-

"Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling programme is in the final stages of discussion. The contract envisages a reduction in drilling costs and deferral of some costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract still needs to be finalised and agreed with DQE and then with MRPAM, but the cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related. "

Then:-

Extract from RNS 14th February 2023:-

"Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have been completed and the contract for a multi-well development drilling programme is with DQE's head office for review and approval after which we plan to seek the approval of MRPAM."

8p on signing LP

Then RNS early March confirming DQE JV so rise to 12p

Then 14p by H1 on stream in April followed by H2 ( Gazelle side drill) on line in May so 16p. Then H3 and H4 by August and 20 to 22p .

Then add say another 1p or so with two new block and another 2p for the two new Renewable Energy projects maybe 24-26p this year

Vikinglass, nicely put comment about the arrogant one . Those types often gloat and cajole others to make themselves feel better. They just can’t help the hollow feeling inside!

Thornogson, quite right on your assessment of the value of posters like WOS and of course your very fair free speech for all stance on posters like “The Stain” that add nothing to the Matd investment debate and seek only to disrupt but frankly these BB’s always seem to attract narcissists because of the attention they can garner by merely being disruptive . It’s a sad fact of internet life that they get more of a hearing and are shown more tolerance than they would in real life . As the saying goes “… empty vessels make the most noise..”

Thank you Whiteman for the time consuming search of The Stains chat history.

A Biological Powder Job !!!

Well done

Let’s hope that’s got rid of the Stain !!

( I suspect it’s ingrained though - pity !)

Past is no predictor of the future !

We don’t need a fund raise :-

RNS 14 th Feb 2023: - “……. Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have been completed and the contract for a multi-well development drilling programme is with DQE's head office for review and approval after which we plan to seek the approval of MRPAM. We have also been approached by other service providers looking to enter the oil sector in Mongolia and we are reviewing their credentials and equipment to see if they may offer a competitive solution for our needs now or in the future.”

Merry Xmas Dozzawba- and all other genuine holders . Onward and Upward 2024 !

Ps Stain - I do hope you have a guiding star road to Damascus conversion and become a valuable contributor to the board n cross year. It’ll do you good

Sharedreamer :- you must be kidding :- BP would put a damper on the whole event ! Unless of course it was scheduled as all about him !!

I’m thinking of having a “first oil party” and with friends and family drinking a “ barrel “ of booze !!!

Around late March to early April at the earliest , if minus temperatures are gone but can be as late as early May if weather temps are to low for drilling to start . As H1 just needs the tanks, pumps and other kit connected it’s likely early April

Is the Stain flapping its gums neadlessly again?

Thank you Dozz

Good to know .

Cheers

Does anyone with L2 know how today’s volume compares to average volume over last few weeks ? Thanks

Aren't we all glad we don't have the likes of Mr Professional as our neigbours in real life.

Insufferable ... me me me merchants!

More like we’re a Yaks whisper away from the rubber stamp. Lol