Petro Matad yesterday released an operational update. As was flagged at the interim results, the company is seeing progress impacted by China’s Covid lockdowns and local disputes. However, the company is preparing for a stage where it can start to move its operation forward when these restrictions end. This will encompass bringing the Heron field in Block XX on stream and the drilling of the Velociraptor prospect in Block V. These have the ability to add cash flow and a potential substantial inc ....
06 Dec 2022
PROGRESSIVE: Petro Matad: Recent operational update
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PROGRESSIVE: Petro Matad: Recent operational update
Petro Matad Limited (MATD:LON) | 3.8 0 (-1.3%) | Mkt Cap: 42.3m
- Published:
06 Dec 2022 -
Author:
Peter Hitchens -
Pages:
2
Petro Matad yesterday released an operational update. As was flagged at the interim results, the company is seeing progress impacted by China’s Covid lockdowns and local disputes. However, the company is preparing for a stage where it can start to move its operation forward when these restrictions end. This will encompass bringing the Heron field in Block XX on stream and the drilling of the Velociraptor prospect in Block V. These have the ability to add cash flow and a potential substantial inc ....