Member Info for sollodgeblue

Petro Matad is fully funded for its 2024 programme post a recent US$9.4m total equity raise.

 Overall, our view remains that this is an exciting programme for Petro Matad, containing a

variety of potential catalysts. The Heron wells are relatively low risk, and are expected to

provide revenues, alongside contributing to important production and well stimulation

response data, which should help evolve future drilling techniques and expectations of field

recovery. Gobi Bear-1 then provides a high-impact catalyst that could see the company add a

second discovered asset, with the potential for development synergies with Heron. This is the

largest operational work programme Petro Marad will have carried out for several years, and

initial news flow from this is increasingly proximal.

 Forecasts and valuation. We have tweaked our numbers for the additional £400k raised

under the retail offer, which followed from the US$8.9m placing. Our total risked NAV

remains broadly unchanged at 10.6p.

2day meeting this week in Government. Let’s hope for something positve enjoy the rest of Bank Holiday

May 28-29: Standing Committee sessions of the State Great Khural will be held at the State Palace.

May 28: The Ulaanbaatar Ensemble's summer presentation concert for tourists will be held at the Ulaanbaatar Theater at 14:00.

May 29: The regular meeting of the Cabinet will be held at the State Palace.

May 29-30: An evidentiary hearing related to the mineral license will be held at the State Palace.

Thanks Master just added another 100;000 looking forward to your news later

Hi Manxkippers here it is translated

DEPUTY MINISTER OF MINING AND HEAVY INDUSTRY B. THE WORKING FORCED BY YANGAR IS WORKING IN DORNOGOVI AIMAG

Appointment team first day province governor O. Met Batjargal and exchanged views on the current situation of the mineral sector and problems facing at the province level.

The main purpose of the appointment is to provide information and empower the officials of the representative office in Dornogovi province of Mineral and Petroleum, and the team will work for three days and give advice.

The provincial office of representatives shall organize the implementation of government policies, programs and legislation on geology, mining, petroleum and heavy industry sectors at the regional level, implementation of the duties provided by the relevant legislation of the ICC, publicity, Land Law, Minerals, Petroleum, Nuclear it is the organization responsible for ensuring the implementation of energy and other related legislation.

It is also taking measures for stable and uninterrupted operation of research, operation and product supply activities, providing professional advice to license holders, supporting to intensify their activities, supervising, collecting relevant information, conducting surveys, making recommendations and sending them to task units and reporting.

Https://www.facebook.com/100067782859049/posts/pfbid026fsBZEjhGcTnGT5wCr4yYPn6iaNPt6JYDSJZgkSqW6txGWRf8vsj7hvgHeQ7ASXl/?

I wonder if we’re one of the energy projects mentioned by local governor good luck everyone

Looks like Governor has been told to get in line meeting today 11-03-24

https://www.facebook.com/100067782859049/posts/pfbid02fZweFdYyfZVk8TU1GnxXarvDsvBfJBTnVznkvmbFbqfLEvAkQ7ZJy47kSGuPLZVol/?

Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 3.0000, and our valid average buying price stands now at 3.0300. The previous SELL signal was issued on 23/01/2024, 38 days ago, when the stock price was 4.1000. Since then MATD.L has fallen by -26.10%.

Market Outlook

Let’s jump on our white horses and go for a bullish ride. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The trend is also bullish and perhaps it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.

Pattern Description

This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”. more...

Just seen that British Bulls have changed there stance from stay in cash to Buy so expect plenty of buying on Monday

I’m going for a RNS within next 2 weeks ,one to state when AGM and one with permission to drill Heron but not until at least June , reason why I say June they have had a severe Winter this year , and Heardsmen not ready , there was a post on Sunday not sure who ,by people on here were thinking it could be fake about Petro matad been granted license , I believe there is truth in that but not yet ,there was another story on Facebook that no one picked up except for a few who have been selling this week which was. ✅M. Badamsuren: It is better not to transfer the land under winter and spring to others. So I’m sure they are close to a deal but not there yet this only my opinion I’m still confident this is the year , one for you WOS. be careful in GCM Bangladesh more corrupt than Mongolia they have been trying for 20 years to get coal out and no guarantee it will happen anytime soon , also one for you Doc83 I’m in synairgen got burnt again for you I hope it turns around and you do well , also hope everyone does well here

Wos the photos were from meeting on 31/01/24 I have translated words from the meeting so we can all see things are moving ahead this now has to go through state Parliament hope for all our sakes this gets sorted soon

The Ambassador of the United Kingdom of Great Britain and Northern Ireland to Mongolia, Fiona Blythe, and Mike Buck, CEO of Petromat LLC, met with the representatives and exchanged opinions about the complaints and problems of British investors.

Petro Matad LLC operates in the field of oil exploration and production, and has invested more than 100 million US dollars in the oil sector of Mongolia. This investment, which could play an important role in supplying crude oil to an oil refinery under construction in Mongolia, remains stalled. He also complained that the case of "Government Chandman Mines" company, which embezzled 19 million dollars from the British investor Max Johnson, was withdrawn from the court and stalled. Due to the lack of a normal legal environment for investment, large investment projects continue to be stopped, defrauded, and unable to operate.

The government has prepared a draft of the "Revision of the Investment Law" and submitted it to the State Parliament. Once the law is approved, these difficulties faced by investors will be eliminated or reduced.

Hi Aeschylus I’m confused with your figures you say Petro Matad will run out of Money by July what I have been reading is Petro matad raised Successfully closed a recent equity capital fundraise round totalling $6.6 million in February 2023 the total cost to drill velociraptor was less then $2 million dollars and no money has been paid out upfront for renewables ,so I believe what you are posting is misleading maybe you should check again , all the best

Expecting good volume today with a nice rise Britishbulls now have a buy recommendation enjoy the ride up ,keep positive

Excellent RNS hopefully not long to wait 3.8 just paid we might get a video later via LSE .

Hamm can you please keep an eye on activist see if she says anything ,onwards and upwards .

Merry Christmas & New year to All

Activists still causing problems for Petro China hopefully gets sorted fast so we can move on

We have appealed to the Administrative Court to revoke Petrochina's special license. 2023.12.07

Looks good to me Activist not happy and No way would a listed company be handing out money if nothing signed

From today's newspapers of Tamsa basin!! ️In Matad soum Petrochaina and Petromatad companies report their work to INHural, praise themselves and destroy. The soum central gas station was packed with 50K for every herdsman who came to the conference.

Posted by Activist

Morning guys not sure if us or petrochina

P. Green /1993/ M. Enkhsaikhan /1995/ Governments signed a contract to distribute robbery Products in Toson ul-19 and Tamsag-21 squares

Just added another 100100 at 3.48 shares are available this was through HSBC thanks again Dozzawba & WOS fingers crossed for next week

FIRST SESSION. PETROLEUM EXPLORATION AND EXP

10:30-10:50

Contemporary status and prospects of petroleum sector

Ankhbayar B. Director of Petroleum Policy Department of MMHI

10:50-11:15

Oll Exploration Investment Environment: (PetroMatad LL.C)

Miko Buck Director of *Petro Matad* LLC

11:15-11:40

The Investment Environment for Unconventional Oll Explorat

Achitsan B. CEO of Golden Horde LLC

11:40-12:05

Project Introduction: (Petrochina Dachin Tamsag LL.C)

Zhu Da Leo President of Petroching Dachin Tamsag LIL.C

12:05-12:30

The Investment Environment for Unconventional Oil Explorat

Ganzorig B. CEO of Telmen resource LLC

12:30-13:30

AFTERNOON BREAK

SECOND SESSION. PETROLEUM PRODUCT!

13:30-14:00

Petroleum product supply operations

Munkhnaran J. CEO of Shunkhlal LILC, Professional Association of Mongolian

14:00-14:30

Contemporary status and prospects of gas fuel

Baatardor) N. Executive Director of Gas Association of Mongolia

14:30 - 16:00

PANEL DISCUSSION: INVESTMENT AND SUPPLY IN THE PETRO

Moderator: Khishigdalai Ch. Director of Division of MMHI

Zhu Da Leo President of Petroching Dachin Tamsag LILC

Mike Buck Director of "Petro Matad* LLC

Ganzorig B. CEO of Telmen resource LLC

Munkhnaran J. CEO of Shunkhlal LLC, Professional Association of Mongolian

Baatardor] N. Executive Director of Gas Association of Mongolia

Mike Buck giving speech on the morning , October 11th then in group late afternoon