Petro Matad Limited (LSE:MATD) has completed acidisation operations at the Heron-2 well in Block XX and is continuing efforts to clean the well and assess its productive capacity. The company is also mobilizing equipment to the Gazelle-1 well for a testing program, with operations expected to begin by the end of September. These initiatives are part of Petro Matad’s strategic plan to enhance operational capabilities and potentially increase oil production, supported by PetroChina’s provision of essential equipment.
About Petro Matad
Petro Matad Limited is an AIM-listed oil company focused on exploration and production activities in Mongolia. The company’s operations are centered on advancing its portfolio of wells to realize growth in oil output.
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