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Published on: May 6, 2022

Operational Update

Petro Matad has issued an operational update. It would appear that the recent Covid lockdowns in China have had a knock-on impact on the company’s operations in Mongolia. While this is a temporary problem, management is moving ahead with the completion of the Heron-1 discovery well into a producing well, which will allow the company to start generating cash flow once the situation in the region returns to normal.

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