RE: Iran Vote to Close Hormuz Straits / China Oil Suppy Hit Hard23 Jun 2025 07:52
That is super interesting reading.
Makes MATD look pretty good in comparison in a spemd v reserve position. Would be a cost effective yet significant addition to their reserves.
I don't know if Mongolian Gov wants China owning all the oil but at the end of the day they get their revenue via PSC and theu can do 100 wells across the block..
Good pick up
Dongsheng Petroleum Mongolia" LTD was established in accordance with the Production Sharing Agreement (PSA) approved under the Resolution of the State Great Khural of Mongolia of 1997 and has been operating in Mongolia since 2003 with 100 percent investment from the People’s Republic of China. Since its establishment, the company has drilled 132 exploratory and appraisal wells, investing a total of USD 367.4 million. The company has reported proven petroleum reserves of 26.05 million tons or 186.3 million barrels, of which 2.07 million tons or 14.86 million barrels are confirmed as recoverable. Currently, the company has extracted one million tons of crude oil from the contracted field, exporting it to the People’s Republic of China.