Dan Mavr

[Dan Mavr @DanMavr]

#MATD
Same with Gazelle-1

[Dan Mavr @DanMavr]

#MATD
Definitive activity confirmation. Fire protection boundaries restored, roads usage notable, soil changes.

[Dan Mavr @DanMavr]

#MATD

Up to interpretation, to me this seems like there is activity at Heron 2 already.

[Dan Mavr @DanMavr]

#MATD
Sunsteppe's Choir BESS could begin construction as early as July this year according to Mongolian government.

[Dan Mavr @DanMavr]

#MATD

https://t.co/MvE3DiUUeb

Sunsteppe is officially competing for another project not yet announced via RNS - upcoming 100 MW Mandalgovi Wind IPP project. Results to be announced Q4 27. More about the process here:
https://t.co/2du4sUTb4T

[Dan Mavr @DanMavr]

@WarMonitor3 Czechia has a clear plan!

[Dan Mavr @DanMavr]

@Janet_Rimmer Sent!

[Dan Mavr @DanMavr]

#MATD
Progress of the Mongol refinery over a year.

[Dan Mavr @DanMavr]

#MATD

Set up updated automated monitoring of all sites at once with clearer labels. All we need in one picture. Shared in Telegram group with all updates, here with major ones only.

[Dan Mavr @DanMavr]

#MATD

Financing is moving forward.
Movement detected on 3 sites, Gobi, Gazelle and Heron 2.

[Dan Mavr @DanMavr]

#MATD
Sunsteppe Power (a subsidiary of the JV entity with MATD) met with a member of the parliament early March.

https://t.co/xj5BG7ueYm

[Dan Mavr @DanMavr]

#MATD
There seems to be some small activity at Heron 2.
Nothing clear on Gazelle or Gobi Bear.

[Dan Mavr @DanMavr]

#MATD
For the EIB, this dialogue is about moving from ideas to implementation.

EIB shared a Term Sheet outlining possible parameters for future cooperation to support Mongolia’s sustainable economic development and strengthen access to long-term green finance.

[Dan Mavr @DanMavr]

#MATD
Zula's work in Brussels lead to a presentation of the first term sheet by the European Investment Bank to the Bank of Mongolia.

"We are now focused on delivery — turning this momentum into tangible projects and investments."

[Dan Mavr @DanMavr]

#MATD

https://t.co/9eaUaTVqnx

"The challenge now is upstream structuring. Not just raising capital—but ensuring the financial system is ready to deploy it strategically."

[Dan Mavr @DanMavr]

@Tradewith_kd This should be disregarded.

It is a Solana-based crypto: https://t.co/JCMPMjOUQO

The volume is so low it shows 0 and there appears to be no info about it anywhere, so it is not linked, backed or otherwise associated with crude as far as I could find.

[Dan Mavr @DanMavr]

#MATD
The significance for MATD and Mongolia of the two people being close is difficult to overstate.

Zula holding Sunsteppe project portfolio.
Mr. Abunayyan of ACWA Power ($1.6b personal wealth) having $10b to invest in Mongolia's renewables.

The projects and money are ready.

[Dan Mavr @DanMavr]

#MATD
Zula (Sunsteppe CEO) is actively working the banks.
Sunsteppe, as well as wider Mongolia, is set to benefit greatly.

€1b set to be unlocked.

[Dan Mavr @DanMavr]

#MATD
💰$1.03m received from PetroChina
⛽️Both wells producing steadily
🤝Farm-out nearing completion
🔋Renewable projects have interested parties
🔋Feasibility study on export from Mongolia to China completed, with ACWA power of Saudi Arabia actively engaged and waiting to join

[Dan Mavr @DanMavr]

#MATD
Satellites confirm constant traffic between Heron-1 and Gazelle throughout winter, so oil should be flowing fine.

Weather looks much better with snow starting to clear and end of March offering above 0 temperatures regularly, ready for April startup of operations. 🛢️💰