ProactiveInvestors: Petro Matad reports third oil find in eastern Mongolia

Petro Matad shares came under pressure following mixed results from the third Davsan Tolgoi (DT-3) well in eastern Mongolia. DT-3 is the third well to successfully find oil on Block XX, but initial analysis has raised a question mark over the previously considered model for the prospect. The well encountered significant hydrocarbon shows whilst drilling both the Lower Tsagaantsav formation and the overlying Upper Zuunbayan formation. However further analysis indicates that DT-3 lies within a separate compartment from the previous two wells. To read the full article, click herePetro Matad reports third oil find in eastern Mongolia

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.