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I explain in posts 06:01 AND 06:25 today why Local (District) Mata Sum agreement from 1st March 2024 cannot be overule and base on Land Law - Production Operations going ahead for 2024.
Now we look at other DQE International Newsflow which will be part of Multiple RNSs or within next Major RNS
"DQE International's suggested cooperation includes the possibility of Payment from Production Revenue, Partial Payment in Oil, and some Risk Sharing" (Exploration) - RNS 25th Feb 2022
* They also talk about Export services as part of DQE Petro China relationship.
"The Company FINALISED negotiations with DQE Drilling on a long-term drilling contract which will be submitted to MRPAM for discussion and approval" - 28th Sept 2024
*I posted yesterday about meeting with MRPAM to make sure EVERYTHING covered for Block XX Production for 2024 - DQE Drilling is part of Production plan.
Think ALL can see what developing / about to happen here - focus on Investment π¦
Remember & important to understand Negotiation positions -
DQE DID APPROACH PETRO MATAD FOR PARTNERSHIP! - not other way around!
WOS - correction - it was the RNS 28th September 2023 -Interim Results & Operational Update:-
"In parallel, the Company finalised negotiations with DQE Drilling on a long-term drilling contract which will be submitted to industry regulator the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) for discussion and approval. Commercial negotiations advanced with PetroChina for the use of its production infrastructure on neighbouring Block XIX."
All ready top Rock & Roll!!
Mr Researchandhold - Thank you Sep 2023 not Sep 2024 lol π
DQE International is subsidiary company of CNPC Daqing Petroleum. CNPC is China State owned parent company of Petro China.
Pieces fitting together if people want to focus on INVESTMENT! π¦
Professional, you often (constantly) moan about WOS's repetitive posts.
Count yours! Time for a little reflection and self awareness?
And it's 'too'.
I think people are more sick and tired of professional and doc83 posting carp, wos atleast posts research and pints and positive towards holding this investment
But these two are the most irritating posters I've seen on lse BB,
This is all about real World events Prof.
What's happening on the ground appears to be all going our way (thanks again WOS and others).
That's what a Bulletin Board is for. Sharing information and trying to get in ahead of the crowd.
The number of trades today? I don't care, why would you?
One day this'll happen or it won't and it won't have anything to do with what you've posted Prof but if it does I'll be thanking WOS again for suggesting all the reasons to be invested now when over all the years that's generally been the wrong thing to do.
p.s. It's still 'too'.
Post 11:13 tell us who DQE are and why such a powerful partner to have.
Post 10:52 give us STRUCTURE of DQE JV deal & PROGRESS - Negotiations Finalised at 25th Feb 2022.
Post 10:59 make important point of DQE approach to Petro Matad (not other way around).
Post at 10:52 also tell us about MRPAM meeting to fully back Petro Matad for 2024 Drilling Production. This will include approval of DQE deal.
Point of posts is to show how DQE News fit in with Operations & Multiple Newsflow we can expect. Make more clear for ones who really are focus on INVESTMENT - We understand this does not include mr Professional who is more interested in posters IP addresses!
Back to serious exchange of Information /discussion between real investors.
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He BUY back in! π
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Well if he has he's taken us all as complete fools.
What next??
WOS's 'long term influence' for me is that I'm still fully invested in Petro Matad in anticipation of this finally being Petro Matad's year.
Without him who knows?
The posts of his that matter help to clarify the local rules and regulations.
What the local, regional and national power balance is.
Who has the legal jurisdiction to decide what or to overrule who?
What the locals are saying and doing with reference to Petro Matad etc.
Your posts? I'm not so sure. But carry on by all means, it's your right and obviously gives you some pleasure.
Cyber, Iβve only posted once today to Aeschylus on Lagueuleβs post. Wind your neck in.
Doc83 in defense mode.
Mr Investor
This is not my area of expertise. What I will add to discussion is this - Company move to PRODUCTION / REVENUE GENERATION change nature of business in very big way
When you add in very clear GROWTH STRATEGY then we get more larger committed investor entering
Also what DQE JV does is Low Cost / Fast Track development. I mention this because as I always say Petrovis will look for ROI and this will come in form of FASTER DIVIDEND Introduction.
We understand what this will do for attracting large Funds / Institutions but also ones who are aware of this move toward early Dividend as company move into Production.
This will be different type of investment stock over coming few months.
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Not a contradiction in terms Prof but certainly longer odds.
But it's not an 'even' playing field is it? Most, if not all, AIM investors are convinced that they've selected the 'one' stock, the real gem in amongst the others that's going to make them rich, usually by this time next month.
I've been in and out of Petro Matad for years. Never for a second did I believe Mr Positive and Bonum when they periodically ramped about Petro China farming in 'imminently'. (Where is Mr Positive by the way,?)
I saw the Bergen death spiral finance for what it was and bailed around 30p a share.
I bought back in and sold after the Heron strike.
I've made money on Petro Matad already thank you very much, but I'm keen for more, a lot more.
This stock has history and that makes it much easier to judge.
Investing in an oil company that has found oil but is valued as if it hasn't is probably a good place to start when looking to multi bag from bargain basement prices?
Particularly when all that's needed to realistically transform the company and the share price is a couple of signatures on the right bits of paper to be authorised to produce the oil that we already know is there and flows naturally to the surface without assistance?
When the appropriate authority (Sum local council) have just voted by 14:2 (or was it two abstentions?) to approve the provision of said authority/piece of paper and it's gone off to be drawn up so that they can sign it to make it legal?
When the Mongolian Government have designated the company's oil field one of 'national importance' and has changed the country's laws to facilitate it's production (should the need arise).
When the said company has other prospects to drill and new blocks to appraise?
When the said company is seen as key to Mongolia's longer term energy provision by way of sustainable/green energy production.
All the hard yard have been done to get to where we are now Prof, years and years, set back after set back.
And here we are on the cusp at 3p a share.
I'm in, all in.
Why? Because I'm that Aim investor who's discovered the one stock that's going to make me rich, probably by this time next month in fact!
Https://www.facebook.com/share/r/jcC8S8nPN3MBYV6P/
Can we all start commenting on here.
'Mongolia is the NEW ASIAN DYNAMO"
Anyone who follow economic / political / Law Change developments will understand why & also why so much I trust from foreign countries.
Petro Matad very strong positioning in this and will benefit from inward investment / JV approaches.
IOM meeting & new company set up? π
Well said in your 13:40 post Mr Thornogson - I know you understand what happening with Company / Business Environment & Development π°π¦
Thanks WOS ; as a matter of interest, what are your predictions for the start of possible dividends assuming that production does start on time this year ?
I'm not sure whether Petrovis are looking for capital growth on their shares, or have more of an eye on possible dividends. Surely a big uplift on the share price with give them the ROI which they are seeking ? I guess if they are planning on holding on to their share investment hopefully for many years to come, then dividends are important to them.
Sorry Prof I may have unintentionally misled.
When I said:
"who's discovered the one stock that's going to make me rich, probably by this time next month in fact!"
I meant next week.
Sorry for the typo.
Mr Investor - Petrovis will look for DIVIDENDS and expect maiden 2025.
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