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Petro Matad Ltd (MATD)

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Tuesday 14 November, 2017

Petro Matad Ltd

GAP Investment Forum and New Investor Presentation

RNS Number : 4152W
Petro Matad Limited
14 November 2017
 

14 November 2017

Petro Matad Limited

("Petro Matad" or the "Company")

Participation in GAP Investment Forum and New Investor Presentation

Petro Matad, the AIM quoted Mongolian oil explorer is pleased to announce it will participate in the Global Alliance Partner Investor Forum (GAP), to take place in Beijing, China on 17 November 2017. The GAP Investment Forum is hosted by Oceanwide Financial, in tandem with Minsheng Trust and Minsheng Securities.

In conjunction with our presentation at the GAP Investment Forum, a revised Investor Presentation has been uploaded to the Company's website, for the benefit of the investor community and potential farminees.

The link to the presentation is: http://www.petromatadgroup.com/wp-content/uploads/2017/11/Investor-Presentation-14_11_17-final.pdf

The presentation includes a summary of the Company's potential drilling targets in Blocks IV and V in preparation for the proposed 2018 drilling campaign, together with the lower risk potential in Block XX.    

The Company's drill targets from Block IV and V will be selected following completion of the ongoing 3D seismic campaign, which is expected to conclude in late January 2018. Together with Irves 1 (Snow Leopard) and Takhi 1 (Wild Horse), the Falcon prospect, in the Tugrug basin, could be of particular interest since 3D seismic acquisition is expected to de-risk the trap configuration. The Company may also choose to drill in Block XX close to producing oil accumulations in Block XIX. The Company views exploration in Block XX as having a high chance of success, with the potential of providing early cashflow.

 

 

For more information, please contact:

 

Petro Matad Limited


Mike Buck, CEO

+97 670 141 099 / +97 675 751 099

 

NOMAD and Broker

Stockdale Securities Limited


Richard Johnson / Elhanan Lee

+44 (0)20 7601 6100

 

 Business Advisory Firm

 FTI Consulting

 Edward Westropp                                                                  +44 (0)20 3727 1521

 

About Petro Matad

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340 km² in the far eastern part of the country, and Blocks IV and V have an area of 28,900 km2 and 21,100 km2, respectively, in the southwest part of the country.

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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