Member Info for sollodgeblue

Someone recently asked the question about oil storage charges I’ve had a reply back this Morning, I also asked the question can we use other interested party to ship our oil why oil price is high had no response to that question

Petro Matad is not charged for oil storage while awaiting sale.

Best wishes,

Petro Matad

I asked Petro Matad this week reference making our own delivery’s and a question about Gazelle here’s a copy of the reply.

Thank you very much for your enquiry.

Gazelle oil is being accepted into Block XIX and exported under the existing Oil Sales Agreement.

To get a permit to import crude oil to Chinese refineries is a very difficult and time-consuming process, with no guarantee of success, particularly for new entry sellers. Also, the costs of a standalone trucking operation for our current production volumes would be prohibitive. Our long term goal is to supply the Mongol Refinery with crude once the refinery is ready to receive it and to deliver it through the new-build pipeline that runs close to the Heron oil field. For now, the Oil Sales Agreement with PetroChina offers us the best route to immediate commercialisation of our oil production.

Best wishes,

Petro Matad IR

Https://x.com/petro_matad/status/2009582259930804411?s=46&t=tleBga7JHCBrRPDIjBW2cg

Https://x.com/petro_matad/status/2009582263529623624?s=46&t=tleBga7JHCBrRPDIjBW2cg

Afternoon thought I would ask AI about containers at oil well hopefully we have a few

Containers at an oil well are used for storage, transportation, and operational purposes, such as large fixed tanks for crude oil, portable flexitanks for moving liquids, and repurposed shipping containers for housing or equipment storage. These containers serve diverse functions, from holding produced oil on-site to providing a stable and mobile infrastructure for personnel and tools.

Https://montsame.mn/en/read/381038

Morning everyone I might be barking up the wrong tree so need opinions from people who know , Sunsteppe were involved in the 2nd 150Mw at coal mine due to be commissioned on December 5th if I’m reading it right it was ahead of schedule and started on Saturday 18th ATB

Subsequently, the first unit with a capacity of 150 MW was commissioned in December 2024 and began supplying electricity to the Central Energy System. The plant’s second 150 MW unit has now been commissioned and began supplying energy to the system on October 18, 2025.

Specifically, the construction, installation, and testing of the second 150 MW unit of the Buuruljuut Power Plant were fully completed, and the unit was connected to the Central Energy System on October 18, 2025, at 8:00 a.m., more than a month ahead of schedule. As a result, the Buuruljuut Power Plant now supplies a total of 300 MW of electricity to Mongolia’s national energy system.

Hi Wigster have a look at Abzzba post from 8:28 this morning he has also put a link on

May be Abzzba can give us his thoughts to Petro Matad response

Sent IR message as concerned with petrochina not playing ball , as the longer acid was left in well the more damage it could cause ,glad Petro Matad have reassured all going to plan here’s reply

Most if not all of the spent acid was recovered during swabbing and the pH of the fluid was 6-7 indicating that no active acid remained. We also added corrosion inhibitor to protect the well during completion operations which will not take long to complete.

Best,

Petro Matad

Following on from post by gadgie great find look who partner could be

Potential Involvement of Sunstep Energy:

While the search results mention Xinjiang Junrui Wenshu and their green hydrogen project, Sunstep Energy is not explicitly identified as a participant. However, Seetao's article does mention "Sunstep Energy" as a possible contractor or partner in the project, based on a bidding announcement for the EPC (Engineering, Procurement, and Construction) contract. Further research may be needed to confirm Sunstep Energy's specific role.

40% up on google 2.10 paid

2p paid

1.9 buys now

Price is silly now has to turn soon just added another 100000 at 1.29

At the meeting, CNPC’s Director Hou Qijun highlighted that the company, with its large oil refining capacity and annual production of more than 100 million tons of petroleum products, is fully capable of supplying products to the Mongolian market. The two sides expressed the need to establish a long-term cooperation agreement, ensure transport and logistics infrastructure, and create conditions for stable collaboration.

The Daqing Oilfield, a subsidiary of CNPC with a history spanning over 60 years, has produced 2.5 billion tons of crude oil since its development, which accounts for 30 percent of China’s crude oil output.

https://montsame.mn/en/read/362770

How much of this Business will be coming to Sunsteppe with our company Petro Matad good look everyone

DAVOS, Switzerland, Jan 24 (Reuters) - Mongolia expects to sign green hydrogen and renewable energy agreements with Saudi Arabia worth several billion dollars over the next few months and is in talks with the United Arab Emirates for similar investments, the country's deputy prime minister told Reuters.

Rich in deposits of copper and coking coal, Mongolia is positioning itself as an emerging provider of critical minerals in an attempt to attract foreign investors and advance renewable energy development.

Hi ADW 198 you state 821 Maximum where do you get get figure as the RNS states The well is producing with higher amounts of associated gas and at higher pressures than are generally observed in the basin giving the well high initial flow potential. Rate tests have achieved flow rates similar to, and in some tests, higher than the maximum 821 barrels of oil per day (bopd) rate recorded during the well testing operations 2019

For those unable to watch today

https://x.com/InvestorMeetCo/status/1811037666969870775

Petro Matad has released a statement ahead of its investor presentation later today,

reiterating the company's full operational activity schedule over the rest of 2024.

 Full work programme expected to drive first revenues. Petro Matad's 2024 operational work

programme is expected to begin this month, with activities to complete the Heron-1 well

(including stimulation) and bring the well onstream. First oil is expected in September, with

an estimated initial rate of around 300bbl/d. Production is expected to be trucked to nearby

Petro China facilities for processing and then onward sale in China, with negotiations to

finalise these arrangements also continuing to progress.

 Post completion of Heron-1, Petro Matad then plans to drill the Heron-2 development well.

Drilling and completion (including stimulation) of Heron-2 is expected to take place in in Q3

and, on success, production in Q4. Production rates are expected to be similar to Heron-1.

These two wells should establish revenues for Petro Matad, providing cash for redeployment

into the wider business.

 Alongside the revenues, production data from Heron wells, including the result of stimulation

activities, should help better define expected resource recovery from the field. While the

current base case for Heron is 33mmbbl gross (Petro Matad holds 100%), an expectation of

higher recovery could see this move to >60mmbbl. As such, there is significant potential

upside if production data can help prove up the upside case, and these two initial wells will

begin to contribute here.

 High-impact upside potential from Gobi Bear-1 well. Alongside its Heron development

activities, Petro Matad also plans to drill the Gobi Bear-1 exploration well in late Q3/early Q4.

This is being drilled nearby Heron, with the existing Heron and Gazelle drilling helping prove

up the regional petroleum system and potential reservoir for Gobi Bear. On success,

development of Gobi Bear could potentially progress in conjunction with Heron.

 Our base case resource target for Gobi Bear is 55mmbbl, which we value at 1.5p risked

(14.6p unrisked). As with Heron, there is potential for upside on higher recovery, and in this

case we use a 92mmbbl resource target, which we value at 2.3p risked (23.1p unrisked). Gobi

Bear-1 is planned to be drilled for CAPEX of around US$1.5m, giving a substantial

asymmetric risk/reward opportunity, and completing the busy 2024 work programme.

 More widely, Petro Matad also expects formal signature of two new Mongolia exploration

licences in late 2024/early 2025, alongside progressing its renewables business (including

the focus Choir BESS and Oyu Tolgoi hydrogen projects