Petro Matad Limited (AIM: MATD), the AIM quoted Mongolian oil company, provides the following update on production operations at the Heron-1 well in its Block XX Production Sharing Contract area ...

London-listed Petro Matad has signed a production sharing contract for the 41,141 square-kilometre Borzon Block VII in southern Mongolia. Final approval of the PSC coordinates is pending a ...

Petro Matad Limited, together with its subsidiaries, engages in the exploration, development, and production of oil in Mongolia. It holds 100% interests in production sharing contract blocks ...

Petro Matad Limited (AIM:MATD, OTC:PRTDF) told investors that the Heron-1 well, in Eastern Mongolia, continued to deliver 200 barrels of oil per day of production and is awaiting the start of revenues ...

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Highlights:,Petro Matad reports 200 barrels of oil per day from Heron-1 well in Mongolia.,A cooperation agreement for oil sales is expected to be finalized in February.,The company expands its ...

(Alliance News) - Petro Matad Ltd on Thursday said it has limited production at its Heron-1 well in its Block XX production sharing contract area in Eastern Mongolia amid safety concerns, and has ...