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Research what's coming, land permits, velociraptor drill both will multi bag the share price
I ain't got much faith in velociraptor if I recall it's a low percentage of hitting oil? However the current find yeha
$6m cash in the bank,
Ministry of mine has already promised to grant LP. Expected by the end of January,
Heron1 can be operational within a 2week workover follows by H2,3,4, etc,
Skilled workmen are in Mongolia,
Equipment are already in Mongolia ready to be dispatched to the site,
Drilling/ workover can be started at any time from March/April,
The cost of well is the lowest in the world, less than 1.2m,
DQE is potentially massive catalyst to magnify and speed up H1,2,3 etc,
Renewable JV with potential partner/ contractors with IMF/MG supporting green energy,
All in all MATD is in great shape and as other guys rightly mentioned here the fair value share price should be much more.
China board has opened to foreigners.
Guys the game hasn't started yet and lucky investors who have cash available to top up or get in at this cheap bargain price.
This is a real multi bagger from here,
Relax and enjoy the climb,
Hamm: “Ministry of mine has already promised to grant LP. ”
Can you point me to where the MOM have categorically promised this?
Doc
Do you have a reason why mpram won't give PM the LP.
They gave the EL .
Plus if they don't no foreign company would ever put foot in Mongolia.
Master82 - genuinely just wanted to read or listen to this “promise” by MOM that we’ll get the LP.
Do you know where I can find it?
Doc it would appear that you are not going to get an answer. I too, would have liked to have known where that was stated. Gla.
Think it's been taken from MB interview with LSE when MB said that the MOM told him in October the LP would be granted within 1 to 3 months.
Dozzawba - that’s the only thing I can think of. But that’s anything but a promise.
Hamm - can you confirm?
Doc83 - why would MB repeat that in an investor interview and risk sullying his reputation and that of the company and incur the displeasure of the Minister of Mining if the Mof M did not say " ..within 1 -3 months .." back in October.
Petro Matad are the AIM-listed Mongolian oil developer/explorer whose flagship development is the Heron 1 oil field in Eastern Mongolia, with future production and development opportunities elsewhere in Mongolia. Heron 1 contains up to 200 million barrels of oil with a 30%+ recovery rate in Block XX in the far eastern part of the country near the Chinese border.
minimum 30% of 200m is 60m barrels of oil x $80=$42b!
Ask yourself what would be the real value of the share price? 10x higher of the share price?
or perhaps more? Is it not the share price too cheap?
Enjoy the climb,
if ya think PM will be getting $82 pb net for the oil they produce you are living in cloud cuckoo land!
Researchandhold - it will be more the Mongolian government whose reputation will be sullied.
The point I’m making is that I think Hamm is going a bit OTT by saying the LP is signed, sealed and delivered with a kiss, when it clearly isn’t. Just yet, at least.
Doc IMO we will get the land permit RNS by Jan 23rd or before. As mentioned before the Autumn Parliamentary Session ends Fri 19th Jan. A lot of people behind the scenes are pushing for this. The British government are involved and are supporting PM to get this LP over the line. The MG cannot afford any more instances of corruption coming out. Mongolia need Foreign Investment so it would not look good if a company were denied a land permit for no valid reason only to line someones pockets
If we don't get the new block news tomorrow either via RNS or from mpram website, then we need to worry.
guys, I appreciate what you are saying but the oil price might $120 or might be $60 but the number talks. This is just the beginning! this is an amazing opportunity for all share holders.
forget about 10% up/ down which doesn't make any difference to me. This is going to be big.
Relax and enjoy the climb,
Master82 - I would give it a few days. Announcement tomorrow, dependent on timing Matad could put out a RNS Wednesday to Friday and we all know what MB is like he likes to lump everything into 1 RNS so I wouldn't start worrying yet
I wouldn't give any deadline guys. We still have till March when the weather is warm enough to do any activity. 3m buys today makes it stronger support for the next stop.
Permit lands and this will get the go ahead for heron and matd are in the money simple, multibagger
Looks like that activist is not getting entertained by ministry of mining and now she is asking people to contact the governor.
Anyone know how to write Mongolian.
Text him and tell him give us the LP fast . we'll lookafter you
I would use different language but you have to be civilised these days
Where's Bowley gone. Did he say his wife is Mongolian.
Bowley could you please ask her to contact the Governor and talk to him see if he gives any indication of what's going on.
Or anyone else who can speak to him nicely
+976 99 113506
master82 - thought we didn't need this local governor as he's over rulled by the Minter of Mining now.
We don't.
We just need to know why he is being a c,,t
@ master82 - strange way to spell 'unhelpful', guessing that's what you meant?
Heck of a typo :-)