RCS - Petro Matad Ltd - Progressive publishes new research

Petro MatadAnnouncement

07/07/2021 07:25

RNS Number : 4252E
  
Petro Matad Limited
  
07 July 2021
  
 





The Hoards of Mongolia
Petro Matad is a Mongolian focused E & P company which is anticipating a step change in its operations now that it has secured the Exploitation Licence for its Heron-1 oil discovery from the Mongolian authorities. The company is now making plans to start an early development in 2022 from which it can generate cash flow. This will then be utilised to proceed with a staged full field development and then allow the company to execute an exploration programme. This has the potential to add significantly to asset valuation.




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About Progressive:
 
Progressive is an equity research and investor engagement company.  FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts.  We provide Institutional grade research and connect companies with investors across every sector of the market.
 
www.progressive-research.com
 



Broad coverage
 


Analyst calibre
 




across 12 sectors


 


 


 












 


 


 




Business Services


Oil & Gas


15
analysts


with average


20
years




Financials


Property


experience of




Healthcare


Retail








Industrials


Technology


30+






techMARK




Investment Trusts


Telecoms


industry based


Extel




Mining


Utilities


awards


StarMine



 
For further information please contact:
 
Emily Ritchie
+44 (0) 20 7781 5311
eritchie@progressive-research.com

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