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The latest update is out from Petro Matad ( (GB:MATD) ).
Petro Matad Limited has signed an Oil Sales Agreement with PetroChina Daqing Tamsag for the processing, transport, and export of crude oil from Block XX in Mongolia. This agreement marks a significant step for the company, facilitating the commercialisation of its production and establishing a cooperative routine with PetroChina, which is responsible for the oil’s export to China.
More about Petro Matad
Petro Matad Limited is an AIM-quoted company operating in the oil industry, primarily focused on the exploration and production of crude oil in Mongolia.
YTD Price Performance: 4.92%
Average Trading Volume: 5,615,149
Technical Sentiment Signal: Buy
Current Market Cap: £23.74M
Learn more about MATD stock on TipRanks’ Stock Analysis page.