MATD - PETRO MATAD - Share Chat

Petro Matad Limited is a UK-registered, AIM-listed independent oil and gas exploration and production company. Its primary operations are concentrated on onshore oil exploration and potential development in Mongolia, where it holds Production Sharing Contracts (PSCs) for Blocks IV and V within the highly prospective Tamsag Basin. The company has conducted significant geological and seismic work, and drilled multiple wells, including Heron-1, Velociraptor-1, and Snow Leopard-1, to appraise discovered resources and identify new prospects. Petro Matad’s strategy involves transitioning from an exploration-focused entity to a producer, aiming to monetise its Mongolian assets. As an early-stage E&P firm, its progress is intrinsically linked to exploration success, appraisal results, and securing development funding.