Full Operational Update RNS Next Week!14 Jun 2024 05:51
Header say ALL and base on RNS timings over last few years!
- We should get Heron Operational start date confirmed - 'just before or just after 28th June.
- DQE are already contracted / paid for this. Update of JV with them possible also. People forget DQE are ones who make "unsolicited approach" to Petro Matad for this BUT must also remember Election time & lot of negative PR against Petro China (DQE sister company under State ownership CNPC umbrella) - I expect (hope) DQE JV come as SEPERATE RNS on its own after Election.
- Plan schedule for full field development of Block XX & parallel development of Block XX Extension (est 3Bn bbl of PM share of proven & producing Toson Uul Basin).
- New Blocks. All we know they are potentially "Huge" resources 'adjacent to proven (or producing) Basin.
- Renewable Updates including Mining Operators link up (like You Tolgoi Mine), BESS and potential Export contract with STATE OWNED China Utility company.
*As China move more toward Renewable this is potentially Massive as I say before. This is (one reason I believe) why China reject 'Power of Siberia's piepine from Russia as it look to fast track build up of major Renewable import from potential biggest global supply source in Mongolia - which market Petro Matad JV establish.
- Source: bloombergtv mn/news/hf184
You can understand why I expect bigger Fund / Institutions to start to replace smaller Private investors - this does not happen in few days but expect it to over 2024-2025 going forward.
*RNS expect next week (even possibly today because post before 7am) for reason given.
*Volume of trading look like represent small private investor action. Small volume move this & will be advantage for holder other way also.
With Land Access Permission now given some may still think this is like trading opportunity from before - focus on actual INVESTMENT going forward & upside GROWTH tell different picture.
Buy, hold or sell - we will look back in 2025 and see as Block XX underway, JVs set up & Major State China Contracts in place.
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