Member Info for Vikinglass

From presentation on Velociraptor:

-Success will excite would-be development partners

---> who could this be?? Petro China?

-First oil achievable as early as 20241 to Chinese buyers with a continuing appetite and into the Mongol Refinery by 2025

Al-Invester, you closet ramper 😀glad to see you have moved from the dark side, have another drink, makes you see clearly 😏🥳

"Share price holding up well"

🤣🤣🤣

Finwitt - how skilled you are who always manages to get the perfect deals done 😄

He seems to go shopping towards the end of the week, don't you know that by now 🤣

Is Matad listed on the Mongolian stock exchange??

Manro, should we be checking satellite images for oil tankers etc 😏

Manro -re leakage, I understand that Heron did not leak, the RNS came after the full drill time

Landicaamans - at what point (metres in) do you think they have a good idea of what's there? I believe we are about 850m now, thanks

I use "git" as an endearment, just ask my husband 🤣🥳

Agree with some posters, it's not fun to check in here right now🥺

I just found it, updated with yesterdays date 🤩

"The bull case for the Petro Matad share price

Petro Matad seems to be getting on its feet after struggling for a while, though it has been progressive in development, albeit slow.

One of the progressive highlights of 2023 is that the spud date for the Velociraptor 1 well has been confirmed for June 2023. Fieldwork has started to ensure that there is an available water supply well that will be used to supply operations when it kicks off.

The company has 100% production-sharing contracts in some oil blocks in Mongolia. Interestingly, the Ministry of Mining and Heavy Industry has started the paperwork to certify the Block XX Exploitation Area as special purpose land.

This is yet to be submitted to the cabinet for approval. But Mongolia’s government is quite supportive of ensuring increased investment in the upstream oil sector. This speaks volumes that the company’s revenue could skyrocket shortly. At least, that’s what I think.

Furthermore, Petro Matadstarted a new Mongolian refinery construction which is financed by India. Contracts have been awarded for site preparation, and the infrastructures are already in place. Therefore, despite the drop in valuation, I think that Petro Matad is off to a great start this year in various aspects."

https://themoneycog.com/articles/is-the-petro-matad-share-price-on-track-to-surge

All is well and correct, me and Doc was having a healthy chat re sp 🙂

Oh boy the gloomy talk 🥺

Let's talk about if it's success instead please

Doc, ok but I'm looking back at the past year where the sp has been, we have had 3.70 during a time when we didn't have much hope

The-Lockie, in my humble opinion this share price has already fallen to "duster" level and should not fall further considering what we have ahead of us - just my view 😏

I disagree with the various "if Velo is a duster" sp speculations, why would it fall to those levels when we have so many other things in the pipeline 🫨🫨😵‍💫

Fair point Doc!

PS - we should have drilled to our first target today 😀

Seen a lot of abusive Hamm comments, on the poor UK Ambassador of Mongolia page too - bad Hamm!