Petro Matad (GB:MATD) has released an update.
Petro Matad Limited is actively working to secure necessary local government approvals to commence its 2024 operational program, including the completion of the Heron 1 well for production. The company is also engaged in resolving misinformation issues with local activists and is ready to compensate affected herders directly. Additionally, Petro Matad’s renewable energy joint venture, SunSteppe Renewable Energy, is making significant strides with projects like the Green Hydrogen initiative with Oyu Tolgoi mine and a 50MW Battery Energy Storage System, both set to advance Mongolia’s green energy capabilities.
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