Petro Matad (PRTDF)

[douginil]

Thanks to Malcys blog October 17,2019

Petro Matad

The Gazelle-1 well result is at best highly inconclusive, the Lower Tsagaantsav is dry and the upper reservoir had ‘good wet gas shows recorded’ as well as 3m of net oil in good quality sandstones defined on the logs. From here any success will now be defined by further testing probably after the Heron works which are ongoing. Finally the company has postponed plans to drill in Block V this year, interestingly you may remember that I noticed way back in the spring that MATD had dropped Block V from this year’s plans so I’m not quite sure what that is about. Until I get to speak to Mike Buck there isnt much more I can add.


Read at:
https://www.malcysblog.com/2019/10/oil-price-trinity-premier-petro-matad-and-finally/