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Petro Matad ( (GB:MATD) ) has provided an announcement.
Petro Matad Limited has reported stable production from its Heron-1 well, producing between 150 to 160 barrels of oil per day. The company is addressing payment delays with PetroChina and is preparing for a busy work program in 2025 aimed at reducing operating costs and enhancing production. Additionally, Petro Matad is advancing its renewable energy projects, which offer significant value potential, and is actively seeking partners to support its oil and exploration activities.
More about Petro Matad
Petro Matad Limited is a Mongolian oil company listed on the AIM market, focusing on oil production and exploration, with a growing interest in renewable energy projects.
Average Trading Volume: 8,146,711
Technical Sentiment Signal: Sell
Current Market Cap: £14.41M
See more insights into MATD stock on TipRanks’ Stock Analysis page.