ProactiveInvestors: Petro Matad confirms presence of working petroleum system in Block V, Mongolia

Petro Matad today announced that it has confirmed the presence of a working petroleum system in the Tugrug basin, in Block V Mongolia. The explorer today gave investors an update on its operations as it nears the end of its field season on Block IV and V Production Sharing Contract (PSC) areas in central Mongolia. The exploration programme consisted of stratigraphic core drilling, 2D seismic acquisition and field geology operations. It provided the first documentation of ‘live oil’ and active oil migration in central Mongolia, Petro Matad said. To read the full article, click herePetro Matad confirms presence of working petroleum system in Block V, Mongolia

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