Petro Matad offers investors exposure to a fully funded exploration campaign targeting near-field, low-risk prospects as well as basin opening, high-impact potential. The 2018 two-well programme in blocks IV and V will test the yet to be drilled Baatsagaan and Taats basins in the heart of Mongolia, targeting 570mmbo of mid-case prospective resource. In Block XX, close to existing production, two low-cost wells will test extensions of proven plays in H218. In 2019 drilling returns to the Tugru
04 Jul 2018
PetroMatad - Low-cost, high-impact onshore oil exploration
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
PetroMatad - Low-cost, high-impact onshore oil exploration
Petro Matad Limited (MATD:LON) | 3.4 0 (-10.7%) | Mkt Cap: 37.3m
- Published:
04 Jul 2018 -
Author:
Sanjeev Bahl -
Pages:
22
Petro Matad offers investors exposure to a fully funded exploration campaign targeting near-field, low-risk prospects as well as basin opening, high-impact potential. The 2018 two-well programme in blocks IV and V will test the yet to be drilled Baatsagaan and Taats basins in the heart of Mongolia, targeting 570mmbo of mid-case prospective resource. In Block XX, close to existing production, two low-cost wells will test extensions of proven plays in H218. In 2019 drilling returns to the Tugru