RE: Major Risk Removed - Multiple RNS Newsflow Now!7 Jul 2023 06:52
Think MAIN thing is stock have major DERISKED now with land access for Block XX (also mean 2Bn proven & in place Tosun Uul).
*Like I say yesterday price rise +46% on lowest market day of year with only 3 Ftse100 company blue.
Multiple Newsflow Due
- Land Registration (National Holiday only July 11-July 15)
- Heron Workover (2 week)
-PM/PC agreement (Mongol Govt own PC land so both side of negotiation & like Mr Buck say very constructive & good relationship)
- Renewable NEAR TERM revenue & development "at PACE" (People massive underestimate Renewable. Check interview with Deputy Energy Minister montsame mn/mn/read/322617 )
- NEW BLOCK RNS
- DQE Multi Well drill program contract completed & with DQE Head office for review/approval then MRPAM approval (Feb 14th RNS). Discussions with MRPAM already begun (RNS 20th Jun)
-IOM meeting. Do not have information but with member MRPAM & MMHI there in person with new company formation all look very exciting.
- V1 (TD next week) & V2 ready if need straight after.
Everyone know now Petro Matad position for FAST TRACK MAJOR GROWTH with or without Velociraptor drill
"The contract (DQE) envisages a reduction in drilling, testing, fracking and completion costs compared to the previous drilling campaigns & includes some deferral of costs to allow a portion of the drilling expenditure to be settled from future production revenue" (RNS June 20th).
* Cash for at least July 2024 and revenue generation expect 2023 with also freed oil asset ability to generate loan (if needed) (interview Mr Mike Buck).
Can see MATD position to move aggressively UPWARDS over weeks ahead and small investor will slowly vecreplace by larger holder.
Fast track to revenue generation also mean dividend introduction (even small to allow large Institutiin entry) with Petrovis not interested in capital gain of stick but cashflow from investment.
With V1 hit or not remember word of Billionaire Jeff Bezos :)
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