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ValueTheMarkets Podcast 020 – with Mike Buck, CEO of Petro Matad (MATD)

Today’s guest is Mike Buck, CEO of Petro Matad (LSE:MATD). The company is focussed on oil exploration in Mongolia and is targeting 3 Production Sharing Contract (PSC) Blocks ((IV, V, and XX) in which it holds a 100% working interest. Blocks IV and V are located in the frontier area of western Mongolia and Petro Matad has drilled one wildcat drill in each block, Snow Leopard- 1 and Wild Horse-1. Block XX is to the east and is adjacent to the main oil-producing province of Mongolia. On Monday, Petro Matad released encouraging drilling results from the Heron-1 well on this block and plans to spud a second well in the area called Gazelle-1 shortly.

Mike discusses the results and next steps at Heron-1, the remaining drills of its current programme, and talks about operating in Mongolia.

All opinions expressed are those of ValueTheMarkets and the respective guests unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company. Listeners are advised to do their own extensive research before buying shares which, as with all small-cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker as they deem appropriate.

Valuethemarkets.com and Dynamic Investor Relations Ltd are not responsible for the content or accuracy of this article.  News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

  • Stuart Langelaan does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.
  • Stuart Langelaan has not been paid to produce this piece by the company or companies mentioned above.
  • Dynamic Investor Relations Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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