Petro Matad (GB:MATD) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Petro Matad Limited, a Mongolian oil company, has received regulatory approval to begin production at its Heron-1 well without construction permits, expecting to start production this October. The Company is also finalizing a cooperation agreement for transport, processing, and export operations and preparing for the testing of the Heron-2 well, with potential production commencement in November. Meanwhile, the Gobi Bear-1 exploration well has been drilled, showing ambiguous results, and will be suspended for further evaluation to determine the presence of hydrocarbons.
For further insights into GB:MATD stock, check out TipRanks’ Stock Analysis page.
