Mongolia operations ongoing

摘要

Petro Matad has revealed the results of the interpretation of the 220km of seismic acquired over Blocks IV and V in Central Mongolia in November 2013. In Block IV, 65km of seismic were shot over a thrusted anticlinal feature seen on a single eastwest seismic line in the western part of the block. The new seismic confirms a three-way dip closure on the downthrown side of major strike slip fault with possible recoverable reserves of 60m to 100m bbl of oil.