Petro Matad
@Petro_Matad
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AIM quoted Mongolian oil explorer
Mongolia
Joined October 2018
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We are pleased to announce the results of well testing operations at the Heron-1 oil discovery. Please see the full announcement here:
5
45
64
Rig arrival and setup at
#WildHorse
is progressing well and we are on target for late October spud
#MATD
16
15
46
Today we announced that completion operations on our Heron-1 discovery have commenced.
Read more here:
#MATD
4
22
48
We are pleased to announce the spudding of
#WildHorse
in the Baatsagaan Basin in Western Mongolia
#BlockIV
#MATD
12
11
39
The Heron-1 well flowed oil at a peak rate of 821 bopd, without need for artificial lift or stimulation
#MATD
2
14
42
Today we shared an operational update announcing that we have spudded the Heron well 2-development. We are pleased to also share new photos from the site. Read more here:
#MATD
6
22
44
We are now focused on a rapid reinterpretation of Block XX and will engage with the Mongolian government to secure an Exploitation Licence to put Heron-1 on to production in 2020
#MATD
2
9
42
We are pleased to join the Twitter community and look forward to updating you all on our progress
#MATD
#drillingprogramme
6
14
40
Our sub-contractor has completed drilling the water supply well at
#WildHorse
in preparation for the exploration well targeting 480 MMbo of prospective resource
#MATD
18
11
35
We are delighted that
@Petro_Matad
has received the Best Entity award from the Ministry of Mining and Heavy Industry commending our successful exploration outcome.
#MATD
#Heron
0
11
38
The Wild Horse-1 exploration well is named after the Mongolian wild horse (“Takhi” in the Mongolian language), a rare and endangered horse native to the Steppes of Central Asia. Once extinct in the wild, the species has been reintroduced to its native habitat in
#Mongolia
4
10
31
Safety is our priority at Petro Matad. All employees receive ongoing health, safety
and environmental training throughout a project’s life cycle to ensure that we
achieve zero harm at our operations.
6
5
32
In preparation for the
#drilling
at
#WildHorse
, monks visited our site for a blessing ceremony
#MATD
4
7
30
Today we shared an operational update on our plans to put Heron-1 onstream and have also announced our H1 2024 Financial Results
#MATD
5
14
35
Today we were delighted to announce to our shareholders that the Cabinet of the Mongolian Government has approved the certification of the Block XX Exploitation Area, including the Heron oil discovery, as special purpose land.
Read more here:
#MATD
3
7
32
We are proud to announce that at the recent celebration of the 80th anniversary of the Geological Sector in Mongolia, Petro Matad was awarded the ‘Leading Petroleum Exploration Company’
#MATD
1
4
30
We have successfully completed the handover of a community water well 15km west of
#WildHorse
that was financed under our Social Action Plan
#MATD
0
3
26
Rig mobilisation and campsite installation at Heron-1 in progress ahead of planned spud
#MATD
2
7
29
The safety of our workforce, including employees and contractors, is our priority at
#MATD
. Here the DQE team is carefully overseeing the mud pump being installed at Heron-1
0
5
27
We are pleased to announce that the Heron-1 exploration well has spudded today. Please see the full announcement here:
3
9
28
Petro Matad continues to progress at Velociraptor with ongoing lease preparations and recently welcomed a land blessing ceremony at the site.
Read our recent operational update here:
#MATD
7
9
27
Neighbouring operator PetroChina has provided spare oil storage tanks that will complete the surface configuration for the production well site facilities. Tanks are currently being integrity tested, cleaned and refabricated in advance of installation
#MATD
8
10
27
Today we announced an operational update, including that the Heron-1 well has been re-entered, stimulated and completed for production. Read more here:
1
7
26
Given the severity of this year’s winter in Mongolia, Petro Matad has made a donation to Matad Soum. The donation included 132 tonnes of fuel, wrapped hay, livestock cover blankets, winter working gloves and food supplies
2
4
26
3
10
24
We hosted a meeting at
#WildHorse
in Baatsagaan Soum, welcoming local residents and governing officials to discuss our community outreach programmes
#MATD
#Mongolia
1
8
23
@Petro_Matad
CEO, Mike Buck, commenting on yesterday's Heron-1 testing results:
"I am delighted that the Petro Matad team has been able to achieve this result having put in so much effort. We look forward to progressing to the next phase of the Company's development".
1
4
25
Drilling operations progressing at Red Deer-1, targeting 48MMbo of Mean Prospective Recoverable Resource
#MATD
1
8
23
Today we announced an operational update, including the completed restoration of the Heron-1 drilling location.
Read more here:
2
5
22
We are pleased that technical restoration at
#SnowLeopard
has been completed to allow for re-seeding in Spring, as part of our strategy to manage the environmental impact of our operations. See our wider
#HSSE
policy here -
#MATD
7
4
21
Today we shared an operational update announcing:
- Velociraptor-1 exploration well in the Taats Basin of Block V spudded on 13 June
- Continued progress on the certification of the Company's Exploitation Area as special purpose land
RNS:
#MATD
5
4
22
Petro Matad and the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) held the Block XX annual meeting on 11 January 2024. At the annual meeting, the two parties to the Production Sharing Contract (PSC) reviewed compliance with and implementation of the PSC
2
3
21
Our CEO, Mike Buck, on Bloomberg TV: "Petro Matad is working to improve Mongolia's energy independence. We intend to do this in an environmentally friendly way and in cooperation with local people."
"Petro Matad Монгол Улсын эрчим хүчний бие даасан байдлыг ахиулахын төлөө л ажиллаж байгаа. Үүнийгээ байгаль орчинд ээлтэй, нутгийн иргэдтэй хамтрах байдлаар гүйцэтгэхийг зорьж байна"
"Petro Matad" компанийн Гүйцэтгэх захирал Майк Бак
0
2
9
4
6
20
The approved Plan of Development will concentrate initially on the proven reserves area, expanding in phases to target the estimated 194 million barrels MMbo of total in place resource potential. We're excited to move forward with production at Heron as soon as possible.
#MATD
1
13
21
Yesterday Petro Matad released an operational update including progress on Block XX land access and Heron 1 completion.
Read more here:
#MATD
1
7
19
We are pleased to announce the results of drilling and wireline logging at Heron-1.
#MATD
Please see the full announcement here:
2
6
19
From all of us at Petro Matad we wish everyone a blessed New Year and we look forward to updating you all as the 2019 drilling programme progresses
#MATD
0
6
18
Prayers at Block XX
Ahead of mobilizing Heron-1 for completion operations, Petro Matad held prayers at Block XX.
We are thankful that we were in time to ask the land for blessings as well as smooth and safe operations before we commenced activities.
14
4
20
In conjunction with the 100th year anniversary of Matad Soum's establishment celebrations, we agreed with the local governor's office that Petro Matad would fund the construction of a basketball court and children's playground
4
1
20
We have today announced our Half Year 2019 financial results and an operational update for the 2019 drilling programme. Please see the full announcement here:
0
9
19
We have announced an update at Heron-1. Please see the full announcement here:
2
4
18
Following Heron 1 achieving one of the highest flow rates ever recorded in Mongolia, we are now working hard to secure the Exploitation Licence in order to enter the development phase of Block XX.
#MATD
1
11
17
A recently commissioned Competent Persons’ Report has concluded that Heron has a mean, unrisked in-place oil resource potential of 194 million barrels, 20% higher than our initial internal assessment.
2
4
18
We have received regulatory approval for a two-rig strategy which will enable simultaneous drilling at a minimal additional cost
#MATD
0
8
15
Our CEO, Mike Buck, speaking with
@SharePickers
from
@VOXmarkets
about the upcoming 2019 drilling programme
#MATD
1
12
18
Mike Buck will be hosting a shareholder meeting and conference call next Tuesday 12th November 2019. Please RSVP to FTI Consulting: petromatad
@fticonsulting
.com
More details can be found here:
0
6
18
Please see the link to access our latest corporate presentation detailing the 2019 drilling campaign:
1
8
18
We have released an operational update today. Drill sites for the three Block XX wells have been completed, ahead of planned spudding in July. Please see the announcement here:
0
7
18
Post completion of drilling at Wild Horse 1, we are committed to ensuring that site restoration proceeds well. Further updates will be provided on the technical and biological rehabilitation in Spring 2019
#MATD
1
3
15
Testing operations are underway at Heron-1 and expected to be completed during October.
#MATD
2
7
16
@Arden_Partners
has featured
@Petro_Matad
in its 2022 Best Ideas research underscoring our strong investment case and recommending a BUY rating due to our significant upside potential
#MATD
1
8
16
We are delighted to announce that Gazelle-1 has spudded today earlier than previously forecast
#MATD
2
5
16
We are well placed to commence drilling in Q2 with the final locations now selected at Block XX and to be drilled in the order of Heron, Gazelle, Red Deer.
0
7
16
We’re pleased to provide an operational update detailing the progress of our contract negotiations and our future plans for 2022. Read more here:
#MATD
1
5
15
Petro Matad is committed to maintaining the highest health, safety and environmental standards to ensure international best practice at all of our sites.
#MATD
#healthandsafety
0
2
12
Our CEO, Mike Buck, speaking with
@ValueTheMarkets
about the results of the drilling at Heron-1 and the programme for the rest of 2019
#MATD
1
6
14
@Petro_Matad
is pleased to provide an update on the company’s 2019 drilling campaign, please see the full announcement here:
1
2
13
We are pleased to announce the commencement of testing operations at the Heron-1 well. The full announcement can be found here:
0
6
14
The Block XX Exploitation Licence is continuing to progress through the approval process and is now with the Ministry of Mining and Heavy Industry.
You can read more about this and the approval process here:
#MATD
3
4
13
Mike Buck, CEO, recently met with
@DonaldLeggatt
from
@LondonSouthEast
to discuss the 2019 drilling programme on LSE's latest edition of Share Views, see the interview here:
1
8
14
During the meeting, both Petro Matad and MRPAM pledged to work together to overcome all obstacles to enable commencement of production from Block XX in 2024
0
2
13
Our CEO, Mike Buck will be presenting with
@InvestorMeetCo
at 12:00pm BST on Thursday 16 September to update investors on our plans for future development at Heron 1. You can register here:
1
8
12
We recently provided a waste truck, equipment for the cultural hall and school dormitory furniture to the community at Baatsagaan soum where Wild Horse-1 was located, as part of our ongoing Social Development Policy
#MATD
3
1
12
Our CEO, Mike Buck, recently met with
@LondonSouthEast
to discuss securing the Block XX Exploitation Licence and our recent fund raise that will allow us to progress the next phase of the Heron development and commence production
#MATD
. Watch the interview
0
5
12
Our CEO, Mike Buck met with
@DonaldLeggatt
from
@LondonSouthEast
to discuss the progress of the Block XX Exploitation Licence and the Company’s new short-term funding agreement. See the full interview here:
3
7
12
We have today announced that the Block XX Exploitation Licence has progressed through another stage of the approval process with the Mineral Resource Professional Council approving the Heron Reserves Report. Read more on the next steps here
#MATD
3
3
12
We are targeting a 30% or more recovery factor at Heron and believe that this is realistically achievable through deploying reservoir stimulation technology. You can read more about our production plans here:
#MATD
0
5
12
Our CEO, Mike Buck recently met with
@mgrahamwood
to provide an update on the 2019 drilling programme. See Malcy's write-up below.
Malcy's blog today: Oil price, Eco Atlantic, Gulf Keystone, IGas, Petro Matad -And finally... -
0
3
6
0
5
12
Mike Buck met with
@proactive_UK
to discuss
@Petro_Matad
’s four well drilling programme for 2019, see the full interview here:
0
5
12
Our CEO Mike Buck spoke with
@LondonSouthEast
and
@DonaldLeggatt
, discussing what is next for Petro Matad in 2023. Watch the interview here:
#MATD
1
8
12
We have today released the latest corporate presentation, which is available here:
1
4
11
@Petro_Matad
is pleased to announce that it has signed contracts for two rigs for its upcoming 2019 four well drilling programme. Please see the full announcement here:
0
3
10
Our CEO, Mike Buck, recently met with
@DonaldLeggatt
from
@LondonSouthEast
to discuss the success at
#Heron
and the 2020 work programme. See the full interview here:
1
7
11
@Petro_Matad
is pleased to provide an update on the site preparations for Block XX and PSC extension applications for Blocks IV and V. Please see the full announcement here:
2
5
11
Members of the Petro Matad team have presented at
@InvestorMeetCo
to brief shareholders on how we will proceed to commercialisation at Heron 1 in 2022. You can view a recording of the presentation here:
0
2
11
Today we published our full-year results for year ended 31 December 2018. Please see the full announcement here:
1
3
11