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Extract from RNS :- 22nd May 2023
“ Discussions on changes to the Production Sharing Contract (PSC), on the proposed work programme and on fiscal terms have been completed. This part of the process involved a visit to the UK and to the Isle of Man by representatives of MMHI and MRPAM and we were honoured to be accompanied on the trip to the Isle of Man by the Mongolian Ambassador to the UK.”
Why does that need a visit and why was a new co. set up just after ( I think some kind poster discovered it was Petro Matad Energy Ltd - stand to be corrected if memory fails)
Fascinating ?!
Researchandhold said //BP is like a stain on humanity//
As their pockets were already stuffed full with brown envelopes MB thought that giving them a holiday in the IoM might sweeten the pot a little more.
R&H this might help....visit mentioned in the May RNS:
"Discussions on changes to the Production Sharing Contract (PSC), on the proposed work programme and on fiscal terms have been completed. This part of the process involved a visit to the UK and to the Isle of Man by representatives of MMHI and MRPAM"
Mt Researchandhold
I have thought on this but will discuss in detail AFTER we get next RNS on final Block XX LL because this is main near term development which open up multiple RNSs for PRODUCTION / REVENUE.
We all remember this IOM trip discover by shareholders which lead company to mention in RNS - this is important point because think all can see to take members of MRPAM / MMHI / Mongol Ambassador IN PERSON to Isle of Man point to big development.
Watch how thing go VERY FAST for Petro Matad & Shareholders after RNS permission.
This is INTEL mainly I keep to myself.
For all BUY or not base on known investment info - all other discussion for us shareholder after 🦉
WOS looks like your on the ball, I worked it out and the reason I bought in, there will be some serious money coming to matd to pay with, i do believe this wil be minimum 50/60p after they release this news, but price now is great so topping up as and when I manage to free funds,
But I do think after the next RNS they may announce this immidiatley but hope they don't and wait till they start production
Good luck
We discovered the iom visit and the formation of a new business, what do you think it may be? a joint venture with the Gov which is why the LP is of national interest?? 😃
Shhhh don't tell anyone Pro 😏🫢😘
“i do believe this wil be minimum 50/60p after they release this news,”
Oh dear. This just proves how little you really understand MATD. I think even WOS would say you’re being optimistic with 50/60p on the signature RNS landing!
Doc how old are you? Are you reading the conversations and what I was talking about or just assuming, oh dear some dumb people here that's for sure,
The P M family.
CORPORATE INFORMATION
The financial report covers the consolidated entity of Petro Matad Limited and its controlled entities.
Petro Matad Limited, a company incorporated in the Isle of Man on 30 August 2007, has six wholly owned subsidiaries: Capcorp Mongolia LLC and Petro Matad LLC (both incorporated in Mongolia), Central Asian Petroleum Corporation Limited ("Capcorp"), Petromatad Invest Limited and Petro Matad Energy Limited (all incorporated in the Cayman Islands), Petro Matad Energy Limited (incorporated in the Isle of Man) and Petro Matad Singapore Pte Ltd (incorporated in Singapore). The Company has also entered into a joint venture with SunSteppe Power LLC (a renewables energy company focused on generation of clean energy in Mongolia), which is incorporated in Mongolia and is a 50% owned subsidiary of Petro Matad LLC.
Petro Matad Limited trades on the Alternative Investment Market (AIM), which is a sub-market of the London Stock Exchange, under the symbol MATD. Its major shareholder is Petrovis Matad Inc.
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