Tuesday, November 14, 2017 3:12:19 AM
Petro Matad, the AIM quoted Mongolian oil explorer is pleased to announce it will participate in the Global Alliance Partner Investor Forum (GAP), to take place in Beijing, China on 17 November 2017. The GAP Investment Forum is hosted by Oceanwide Financial, in tandem with Minsheng Trust and Minsheng Securities.
In conjunction with our presentation at the GAP Investment Forum, a revised Investor Presentation has been uploaded to the Company's website, for the benefit of the investor community and potential farminees.
The link to the presentation is: http://www.petromatadgroup.com/wp-content/uploads/2017/11/Investor-Presentation-14_11_17-final.pdf
The presentation includes a summary of the Company's potential drilling targets in Blocks IV and V in preparation for the proposed 2018 drilling campaign, together with the lower risk potential in Block XX.
The Company's drill targets from Block IV and V will be selected following completion of the ongoing 3D seismic campaign, which is expected to conclude in late January 2018. Together with Irves 1 (Snow Leopard) and Takhi 1 (Wild Horse), the Falcon prospect, in the Tugrug basin, could be of particular interest since 3D seismic acquisition is expected to de-risk the trap configuration. The Company may also choose to drill in Block XX close to producing oil accumulations in Block XIX. The Company views exploration in Block XX as having a high chance of success, with the potential of providing early cashflow.
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