Mongolia-focused Petro Matad is preparing a four-well exploration drilling programme on its acreage, all of which it operates with a 100% interest. The campaign will be managed by a new leadership team, which has picked the well locations following a review of the Company’s operations and the acquisition of additional 2D and 3D seismic data. Although it is not without risk, hopes are high for this potentially exciting programme and we believe the shares risk / reward profile is skewed i
06 Mar 2018
The appliance of science
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The appliance of science
Petro Matad Limited (MATD:LON) | 3.9 0 2.6% | Mkt Cap: 43.4m
- Published:
06 Mar 2018 -
Author:
Richard Slape -
Pages:
16
Mongolia-focused Petro Matad is preparing a four-well exploration drilling programme on its acreage, all of which it operates with a 100% interest. The campaign will be managed by a new leadership team, which has picked the well locations following a review of the Company’s operations and the acquisition of additional 2D and 3D seismic data. Although it is not without risk, hopes are high for this potentially exciting programme and we believe the shares risk / reward profile is skewed i