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Petro Matad talks production plans for 2022 after getting licence for Block XX in Eastern Mongolia

Published: 12:45 20 Oct 2021 BST

Petro Matad Limited (AIM:MATD, OTC:PRTDF) CEO Mike Buck joins Proactive London to talk about what has been achieved since receiving the exploitation licence for Block XX in Eastern Mongolia in July. 

Now with the discovery under their belt, Buck details the plans for production and distribution as well as possible partner negotiations. 

Production will commence in 2022 and Buck says they are fully funded through to their first oil in Q2 2022.

Petro Matad - Mike Buck, CEO Presenting at the Proactive One2One Virtual...

Petro Matad - Mike Buck, CEO Presenting at the Proactive One2One Virtual Forum - 9th September 2021 Petro Matad is a group focused on oil exploration, as well as potential future development and production in Mongolia. The Group’s assets consist of Production Sharing Contracts (PSCs) over the...

on 10/9/21