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An announcement from Petro Matad ( (GB:MATD) ) is now available.
Petro Matad Limited has announced updates on its Heron-1 production operations and 2025 well testing program. The Heron-1 well is producing approximately 150 barrels per day with stable conditions, and the company has streamlined export processes by combining crude from different blocks. Despite payment delays from PetroChina, discussions are ongoing to resolve revenue withholding issues. The company is also advancing its 2025 work program, including connecting Heron-1 to the national electricity grid and preparing for further well testing and production activities.
More about Petro Matad
Petro Matad Limited is a Mongolian oil company listed on the AIM market. The company focuses on oil exploration and production, primarily operating in Mongolia’s oil-rich basins.
Average Trading Volume: 9,098,099
Technical Sentiment Signal: Sell
Current Market Cap: £13.57M
See more data about MATD stock on TipRanks’ Stock Analysis page.