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Monday, April 13, 2015

REGISTER NOW: One Day Left Until Inaugural UB Investment Forum, April 15

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Wednesday, April 15, 2015, State Cultural Palace, Ulaanbaatar, Mongolia

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UB FORUM: Ulaanbaatar Investment 2015 Business Forum Overview

Introduction:

The Mayor of Ulaanbaatar City and the Governor of the Capital City suggested organizing “Ulaanbaatar Investment-2015” business forum on 15th of April, 2015 cooperating with Ulaanbaatar City Chamber of Commerce. Governor issued A/233 "on the establishment of a working group," to organize the forum. The 15-member organizing group composed of Ulaanbaatar city mayor's office and the Chamber of Commerce members.

Forum objective:

"Ulaanbaatar Investment-2015" business forum is focused on Ulaanbaatar economic development; to protect the interests of businesses; the development of public-private partnerships; to revolutionize the business; creating a favorable business and investment environment and the vision is to develop a regional business center in the capital city.

Expected outcomes of the forum:

·         to increase private sector participation in the proposed investment projects, cooperation, and transparency of information in Ulaanbaatar city

·         Participants receive information about investment projects in Ulaanbaatar; procurement policies, procedures and plans and exchange opinions,

·         Discussions on brief presentations,

·         to develop, expand and improve the cooperation between the municipalities and the private sector

·         announce Partnership Declaration in Ulaanbaatar,

·         establish a Memorandum of Understanding on Cooperation

Forum format:

The forum is to hold on 15th of April, 2015 and divided into three parts.

a)      Main meeting,

b)      Session meeting,

c)      Reception

Main meeting is hold from 9 am to 12.30 pm for 3 hours 30 minutes in Central palace of Ulaanbaatar. During the meeting, conference brochures and present seven brief presentations including UB General Partnership; public-private partnerships; economic strategy; investment projects; glass procurement and tender; Friendly, intelligent UB; City housing programs. After the presentations completion public consultation will start. Main meeting includes 1,000 participants.

Session meeting starts at 2 pm until 5pm in Topaz, Crystal, Diamond conference rooms of Blue sky hotel at the same time for three main topics.  

Session meeting topics:

·         City, constructions and building

·         Infrastructure

·         Procurement

After discussing the outcomes and close the "Ulaanbaatar Investment-2015" forum The Mayor of Ulaanbaatar City and the Governor of the Capital City’s reception will be organized at 6 pm in Ulaanbaatar hotel. Reception is being planned to accommodate about 300 participants and include entertainment performances.

Expected participants of the forum:

·         Business Organizations

·         International Organizations

·         Embassies

·         Members of the State Great Hural (Parliament)

·         Members of city council

·         Non-governmental organizations and committees

·         Other

Total 1,000 participants.

The Organizing Committee:

·         Mayors Office

·         Chamber of Commerce in Ulaanbaatar

Issues to address:

·         setting payment fee for participants

·         to determine the date of the Memorandum and declaration

·         Whether organizing the forum continuously 

Link to UB Forum registration

 

FORUM AGENDA

MAIN FORUM: State Cultural Palace

8:30-9:00        Registration            

9:00-9:10        Opening

D.Battulga, Chairman of City Council

9:10-9:30        Presentation name:   “City would not develop without private sector”                

E.Bat-Uul, Mayor of  Ulaanbaatar City

9:30-9:45        Presentation name:   “City, private sector partnership ”    

J.Od, Chairman, Ulaanbaatar Chamber of Commerce

9:45-9:55        Presentation name:    “Economic Development Strategy of Ulaanbaatar City”  

N.Bataa, Vice Mayor of  Finance and Economic Affairs of Ulaanbaatar City

10:05-10:15    Presentation name:     “Housing program of Ulaanbaatar City”  

S.Ochirbat, Vice Mayor of Investment Affairs of Ulaanbaatar City

10:15-10:25    Presentation name:    “Private sector Initiative”                          

O.Amartuvshin, General Director, Ulaanbaatar Chamber of Commerce

10:25-10:35    Presentation name:     “Investment Projects”    

L.Narantuya, Head of Investment Agency of Ulaanbaatar City

10:35-10:45    Presentation name:    “Procurement and glass bid”         

Yu.Idertsogt, Head of Procurement  Agency of Ulaanbaatar City

10:45-10:50    Presentation name:     “Friendly Ulaanbaatar” program

Ts.Enhtsengel, Vice Mayor of Social Affairs of Ulaanbaatar City

10:50-11:00    Presentation name:    “Smart Ulaanbaatar” program   

Consultant of “Smart Ulaanbaatar” program

11:00-12:00    Panel Discussion:

Moderator:       E. Dolgion, Director, Bloomberg TV

Panelists:         E.Bat-Uul, Mayor of Ulaanbaatar City

Robert Schoellhammer, Country manager, Asian Development Bank

J.Od, Chairman, UB Chamber of Commerce

O.Amartuvshin, General Director, UB Chamber of Commerce

12:00-12.25     Q&A Session

12:25-12:30    Declaration signing ceremony             

E.Bat-Uul, Mayor of Ulaanbaatar City

J.Od, Chairman, Ulaanbaatar Chamber of Commerce

12:30-12:40    Children’s Choir

12:40-13:30    Lunch

Break-Out Sessions: The Blue Sky Tower

DIAMOND HALL

Duration:          14:00-15:15

Tea Break:        15.15-15:45

Break-Out Session 1. Ger district redevelopment and Urban Planning

Presentations: Sh. Gankhuyag             Ger Area Development Agency, Director

Ts. Erdembayar            Investment issues of Redevelopment

Moderator:       O.Amartuvshin             Executive Director, UB Chamber of Commerce

Panelists:         S.Ochirbat                    Vice Mayor of Urban Development and Investment Affairs of UB City

S.Tsedensodnom         Deputy of Public Affairs, Procurement Agency of UB City

M.Nyambayar               Head of Redevelopment Department, General Planning Agency of UB City

G.Zagdsambar             Head of Cadastral Department, General Planning Agency of UB City

B.Nemekhbayar           General Director “ZAG” LLC

B.Naranzul                    Director “NAZY Group” LLC

Duration: 15:45-17:00

Break-Out Session 2. Infrastructure, Financing

Presentations: D.Otgonbayar               Infrastructure projects implementing in UB City

D.Nanzaddorj               Road network projects implementing in a year of 2015

Moderator:       B.Batsaikhan                Founder and Director, Mongolian Investment Fund

Panelists:         N.Gantumur                 Vice Mayor of Transportation and Infrastructure Affairs of UB City

D.Nanzaddorj               Head of Road Agency of UB City

L.Narantuya                  Head of Investment Agency of UB City

L.Saintugs                    Head of Project Unit of Ger district

D.Otgonbaatar             Head of Project and cooperation Department of Mayor Office

D.Achit-Erdene             President, MICC

CRYSTAL HALL

Duration:          14:00-15:15

Tea Break:        15:15-15:45

Break-Out Session 1. Procurement of UB City

Presentation:   Yu.Idertsogt                 Investment plan and processes year of 2015

Moderator:       L.Oyuntuya                   Head of Mongolian Budget Professionals Union

Panelists:         Ts.Buyandalai               Vice Mayor of Labour and Social protection affairs of UB City

Yu.Idertsogt                 Head of Procurement Agency of UB City

Duration: 15:45-17:00

Break-Out Session 2. Made in UB

Presentation:   B.Odgerel                     Brief information on activities of “Made in Ulaanbaatar” program

Moderator:       E. Dolgion                    General Editor of Bloomberg TV

Panelists:         T.Bat-Erdene                Vice Mayor of Ecology and Green Development Affairs of UB City

M.Dondogdorj             Deputy of Industry Affairs, Industrial and Agricultural Agency of UB City

G.Bilguun                     Head of Small and Medium industry policy regulation agency, Ministry of Industry

G.Galsannyam             Executive Director, “Tugs dards” LLC

Ch.Ganbat                    General Director, “Gazar Shim” LLC

D.Lkhagvajav                General Director, “Yanmal” LLC

S.Enkhbayar                 General Director, “Ayaani Khatan” LLC

TOPAZ HALL

Duration: 14:00-15:15

Tea Break: 15:15-15:45

Break-Out Session 1. International Financial Centre, Arbitration

Presentations: Andrew Allen                City UK and International Financial Centre, British Embassy

Roth William                 International Financial Centre, Deloitte

Moderator:       E.Temuulin                   Head of Economic Development Agency of UB City

Panelists:         N.Bataa                        Vice Mayor of Finance and Economic Affairs

Roth William                 Deloitte

Andrew Allen                Embassy of United Kingdom of Great Britain and Northern Ireland

B. Naidlaa                     Mongolia Bankers Association

Ts. Munkh-Orgil            Lawyer

Christoph Weldersee   Ecological Sequestration Trust

D. Angar                       Mongolia Stock Exchange

B.Batsaikhan                Mongolia Opportunity Fund

Duration: 15:45-17:00

Break-Out Session 2. Friendly Ulaanbaatar, Tourism

Presentation:   E.Battulga                    City tourism and project

Moderator:       Z.Altanzul                     Executive Director, “Trans Capital” non-bank financial institution

Panelists:         Ts.Enkhtsengel            Vice Mayor of Social development Affairs of UB City

Ch.Gerelchuluun          Head of Mayor Office of UB City

B.Purevdorj                  Head of Foreign Citizen and Citizenship Office

E.Battulga                    Head of Tourism Agency of UB City

S.Munkhbat                  Head of Mongolian Hotels Union

D.Gansukh                   Head of Mongolian Restaurants Union

Sh.Nergui                     Member of City Tourism Board

Link to UB Forum registration

 

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6th Floor, NTN Tower
Baga Toiruu, Chingeltei District 1
Ulaanbaatar 15170, Mongolia
Email: info@covermongolia.com
P Please consider the environment before printing this e-mail.

REGISTER NOW: Two Days Left till Inaugural UB Investment Forum, April 15

Please click Display Images or Download Pictures to properly view this newswire

Wednesday, April 15, 2015, State Cultural Palace, Ulaanbaatar, Mongolia

Follow the news on Facebook, Twitter and view newswire archive here

 

UB FORUM: Ulaanbaatar Investment 2015 Business Forum Overview

Introduction:

The Mayor of Ulaanbaatar City and the Governor of the Capital City suggested organizing “Ulaanbaatar Investment-2015” business forum on 15th of April, 2015 cooperating with Ulaanbaatar City Chamber of Commerce. Governor issued A/233 "on the establishment of a working group," to organize the forum. The 15-member organizing group composed of Ulaanbaatar city mayor's office and the Chamber of Commerce members.

Forum objective:

"Ulaanbaatar Investment-2015" business forum is focused on Ulaanbaatar economic development; to protect the interests of businesses; the development of public-private partnerships; to revolutionize the business; creating a favorable business and investment environment and the vision is to develop a regional business center in the capital city.

Expected outcomes of the forum:

·         to increase private sector participation in the proposed investment projects, cooperation, and transparency of information in Ulaanbaatar city

·         Participants receive information about investment projects in Ulaanbaatar; procurement policies, procedures and plans and exchange opinions,

·         Discussions on brief presentations,

·         to develop, expand and improve the cooperation between the municipalities and the private sector

·         announce Partnership Declaration in Ulaanbaatar,

·         establish a Memorandum of Understanding on Cooperation

Forum format:

The forum is to hold on 15th of April, 2015 and divided into three parts.

a)    Main meeting,

b)    Session meeting,

c)    Reception

Main meeting is hold from 9 am to 12.30 pm for 3 hours 30 minutes in Central palace of Ulaanbaatar. During the meeting, conference brochures and present seven brief presentations including UB General Partnership; public-private partnerships; economic strategy; investment projects; glass procurement and tender; Friendly, intelligent UB; City housing programs. After the presentations completion public consultation will start. Main meeting includes 1,000 participants.

Session meeting starts at 2 pm until 5pm in Topaz, Crystal, Diamond conference rooms of Blue sky hotel at the same time for three main topics.  

Session meeting topics:

·         City, constructions and building

·         Infrastructure

·         Procurement

After discussing the outcomes and close the "Ulaanbaatar Investment-2015" forum The Mayor of Ulaanbaatar City and the Governor of the Capital City’s reception will be organized at 6 pm in Ulaanbaatar hotel. Reception is being planned to accommodate about 300 participants and include entertainment performances.

Expected participants of the forum:

·         Business Organizations

·         International Organizations

·         Embassies

·         Members of the State Great Hural (Parliament)

·         Members of city council

·         Non-governmental organizations and committees

·         Other

Total 1,000 participants.

The Organizing Committee:

·         Mayors Office

·         Chamber of Commerce in Ulaanbaatar

Issues to address:

·         setting payment fee for participants

·         to determine the date of the Memorandum and declaration

·         Whether organizing the forum continuously 

Link to UB Forum registration

FORUM AGENDA

MAIN FORUM

8:30-9:00        Registration            

9:00-9:10        Opening

D.Battulga, Chairman of City Council

9:10-9:30        Presentation name:   “City would not develop without private sector”                

E.Bat-Uul, Mayor of  Ulaanbaatar City

9:30-9:45        Presentation name:   “City, private sector partnership ”    

J.Od, Chairman, Ulaanbaatar Chamber of Commerce

9:45-9:55        Presentation name:    “Economic Development Strategy of Ulaanbaatar City”  

N.Bataa, Vice Mayor of  Finance and Economic Affairs of Ulaanbaatar City

10:05-10:15    Presentation name:     “Housing program of Ulaanbaatar City”  

S.Ochirbat, Vice Mayor of Investment Affairs of Ulaanbaatar City

10:15-10:25    Presentation name:    “Private sector Initiative”                          

O.Amartuvshin, General Director, Ulaanbaatar Chamber of Commerce

10:25-10:35    Presentation name:     “Investment Projects”    

L.Narantuya, Head of Investment Agency of Ulaanbaatar City

10:35-10:45    Presentation name:    “Procurement and glass bid”         

Yu.Idertsogt, Head of Procurement  Agency of Ulaanbaatar City

10:45-10:50    Presentation name:     “Friendly Ulaanbaatar” program

Ts.Enhtsengel, Vice Mayor of Social Affairs of Ulaanbaatar City

10:50-11:00    Presentation name:    “Smart Ulaanbaatar” program   

Consultant of “Smart Ulaanbaatar” program

11:00-12:00    Panel Discussion:

Moderator:       E. Dolgion, Director, Bloomberg TV

Panelists:         E.Bat-Uul, Mayor of Ulaanbaatar City

Robert Schoellhammer, Country manager, Asian Development Bank

J.Od, Chairman, UB Chamber of Commerce

O.Amartuvshin, General Director, UB Chamber of Commerce

12:00-12.25     Q&A Session

12:25-12:30    Declaration signing ceremony             

E.Bat-Uul, Mayor of Ulaanbaatar City

J.Od, Chairman, Ulaanbaatar Chamber of Commerce

Link to UB Forum registration

 

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6th Floor, NTN Tower
Baga Toiruu, Chingeltei District 1
Ulaanbaatar 15170, Mongolia
Email: info@covermongolia.com
P Please consider the environment before printing this e-mail.

Tuesday, April 7, 2015

[BREAKING: Petro Matad soars as Blocks IV, V farmed-out to FTSE 100 company]

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- BREAKING NEWS -

Tuesday, April 7, 2015

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MATD trading +60.47% to 8.625p at time of sending, intraday high 10.125p. BG trading +5.16%, market cap £30.4 billion

Petro Matad soars as BG Group buys into Mongolian assets

April 7 (Proactive Investors) Petro Matad (LON:MATD) has entered into a farm-out agreement with BG Group (LON:BG) for a 78% interest in blocks IV and V in central Mongolia.

The agreement with the Footsie giant will fund Petro Matad’s share of a mutually agreed US$28mln work programme that will satisfy the minimum work obligations for both blocks under the current licence terms, which apply until July 2017.

To accelerate the exploration evaluation process the majority of the work will be undertaken in 2015 and 2016.

Meanwhile, Petro Matad will receive an additional cash consideration of US$4.55mln to fund ongoing operations and obligations. BG will stump up US$2.75mln upfront when the deal completes (it is still subject to regulatory approvals) and thereafter will pay US$50,000 a month over 36 months to Petro Matad.

Following the transaction Petro Matad will continue to hold a 100% interest in block XX and will hold a 22% interest in blocks IV and V.

BG Group's decision to enter Mongolia is an endorsement of the potential within the acreage and Petro Matad's technical work to date,” asserted Dr Oyungerel Janchiv, acting chairman of Petro Matad.

“As a result of this transaction Petro Matad will be fully funded in relation to the remaining licence commitments on Blocks IV & V,” he added.

Shares in Petro Matad shot up 84.2% on the news.

Link to article

 

Petro Matad: Farm-out agreement for Block IV and Block V, central Mongolia

Highlights: 

·         Petro Matad enters into a farm-out agreement with BG Group for a 78% interest in Block IV and Block V, central Mongolia.

·         Agreement will fund Petro Matad's share of a mutually agreed US$28 million work programme which will fulfil the minimum work obligations for both blocks within the current licence period to July 2017. To accelerate the exploration evaluation process the majority of the work will be undertaken in 2015 and 2016.

·         Petro Matad will receive additional cash consideration to the Company of US$4.55m to fund ongoing operations and obligations.

April 7 -- The Board of Directors of Petro Matad is pleased to announce that it has entered into a farm-out agreement with BG Group whereby BG Group will acquire a 78% interest in Block IV and Block V in central Mongolia, with an effective date of 1 January 2015 (the "Farm-out"). 

Under the terms of the agreement, BG Group has committed to cover Petro Matad's portion of the agreed US$28m work programme, which is expected to include Airborne FTG Gravity and magnetics, 2D seismic, core holes and exploration wells, as well as providing additional cash consideration to the Company of US$4.55m, which will be used by Petro Matad as working capital to fund ongoing operations and obligations. 

The transaction remains subject to the receipt of Mongolian Government approval and other Mongolian regulatory formalities.  A further announcement, in relation to these conditions, will be made in due course. 

Transaction Details 

·         BG Group to fund Petro Matad's share of an agreed US$28m Block IV and Block V accelerated exploration work programme in primarily unexplored areas of the blocks, which is expected to comprise:

-       Airborne Full Tensor Gradiometer and High Resolution Aeromagnetics programme in 2015;

-       2,000 km 2D seismic acquisition programme in 2015;

-       Two 1,500m core holes in 2015; and

-       Two 3,500m stratigraphic wells, of which one is expected to be drilled in 2015, and the second is expected to be drilled in 2016.

·         In addition, US$2.75m will be payable to the Company immediately upon completion and a further US$1.80m via payments of US$50,000 per month over 36 months. These proceeds will be used as working capital to fund ongoing operations and obligations.

·         Petro Matad to retain operatorship in Block IV and Block V until such a time as there is an extension to the Block IV or Block V contract term, at which point BG Group will assume operatorship.

·         BG Group will provide technical support, including a secondee to Petro Matad, whilst Petro Matad remains as operator, which will be particularly relevant for well planning and drilling operations.

·         Following the transaction Petro Matad will continue to hold a 100% interest in Block XX and will hold a 22% interest in Blocks IV and V. 

Commenting, Dr Oyungerel Janchiv, Petro Matad Acting Chairperson, said: 

"I am very pleased to announce this agreement which will enable Petro Matad to move our exploration work on Blocks IV & V to the next stage. BG Group's decision to enter Mongolia is an endorsement of the potential within the acreage and Petro Matad's technical work to date.  As a result of this transaction Petro Matad will be fully funded in relation to the remaining licence commitments on Blocks IV & V.  We look forward to building a lasting relationship with BG Group". 

Further information on Block IV

Through its subsidiary Central Asian Petroleum Corporation Limited ("Capcorp"), Petro Matad was awarded a Production Sharing Contract on Block IV on 29 July 2009 (as approved by a Mongolian Government Resolution on that date). Block IV lies in the southwest part of Mongolia, approximately 500 km southwest of the capital Ulaanbaatar. On 31 October 2011, a protocol was issued confirming the relinquishment of non-prospective parts of Block IV. The current area of Block IV, held by Petro Matad, is 28,900 km2.

Block IV consists of frontier acreage with four major sub-basins covering c.10,000 km2 and no exploration drilling to date. The basin definitions are based on full ~2 km by 2 km surface gravity coverage, final infill surveys conducted by Petro Matad in 2010, and more than 1,100 km of 2D seismic, which was acquired in three phases, in 2010, 2011 and 2013. 

Further information on Block V

Through its subsidiary Capcorp, Petro Matad was awarded a Production Sharing Contract on Block V on 29 July 2009 (as approved by a Mongolian Government Resolution on that date). On 31 October 2011, a protocol was issued confirming the relinquishment of non-prospective parts of Block V. The current area of Block V, held by Petro Matad, is 21,100 km2.

Block V consists of frontier acreage with three major sub-basins covering c.5,000 km2 and no exploration drilling to date. The basin definitions are based on full ~2 km by 2km surface gravity coverage, final infill surveys conducted by Petro Matad in 2010, and more than 1,300 km of 2D seismic, which was also acquired in three phases, in 2010, 2011 and 2013.

Additional information can be found on the company's website. The Company's most recent operational update, dated 7 May 2014, is located at: http://www.petromatad.com/wp-content/uploads/2014/05/07052014-Operational-Update.pdf  

There are no profits attributable to either Block IV or Block V and no carrying value is ascribed to the blocks in the Company's accounts.

Link to release

 

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6th Floor, NTN Tower
Baga Toiruu, Chingeltei District 1
Ulaanbaatar, Mongolia
Email: info@covermongolia.com
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