<< Back to Research archive

Published on: September 28, 2023

Interim results reflect progress and frustrations

Petro Matad has this morning reported interim results for the six months to 30 June. The company is pushing to resolve the land access issue that would allow it to complete the Heron-1 well as an oil producer. Although progress has been made with Mongolia’s central government, the provincial government has been slow to respond, and it remains uncertain that this well can be completed before the winter shutdown. Elsewhere Petro Matad is making exciting progress on its renewable energy operations, and management has submitted applications for new blocks in the exploration tender round.

Related Content