TIDMMATD

Petro Matad Limited

07 July 2021

 
The Hoards of Mongolia 
 Petro Matad is a Mongolian focused E & P company which is anticipating a step change in its 
 operations now that it has secured the Exploitation Licence for its Heron-1 oil discovery 
 from the Mongolian authorities. The company is now making plans to start an early development 
 in 2022 from which it can generate cash flow. This will then be utilised to proceed with a 
 staged full field development and then allow the company to execute an exploration programme. 
 This has the potential to add significantly to asset valuation.

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(END) Dow Jones Newswires

July 07, 2021 02:21 ET (06:21 GMT)

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