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The latest update is out from Petro Matad ( (GB:MATD) ).
Petro Matad Limited announced the completion of acidisation operations at the Heron-2 well in Block XX, with ongoing efforts to clean up the well and test its productive capacity. The company is also mobilizing equipment to the Gazelle-1 well for a testing program, with expectations to commence operations by the end of September. These developments are part of Petro Matad’s strategic efforts to enhance its operational capabilities and potentially increase oil production, with support from PetroChina in providing necessary equipment.
More about Petro Matad
Petro Matad Limited is an AIM-quoted company operating in the oil industry, primarily focused on exploration and production activities in Mongolia.
Average Trading Volume: 8,664,754
Technical Sentiment Signal: Sell
Current Market Cap: £14.87M
See more insights into MATD stock on TipRanks’ Stock Analysis page.