Petro Matad (PRTDF)

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Petro Matad shares rise as it moves forward with seismic plans
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09:41 04 Oct 2017
A new seismic programme sets out to identify new targets for a future drill programme
Onshore oil drilling
Petro Matad shares rose more than 16%
Petro Matad Limited (LON:MATD) shares advanced on Wednesday after the explorer moved forward with its Mongolia operations, where a seismic programme is due to get underway.

It has signed a letter of intent with BGP Inc., a division of the China National Petroleum Company for a new comprehensive 3D seismic programme in Block V, and it will also include 2D seismic for Block IV, the company said in a statement.