ProactiveInvestors: Petro Matad – exploring for oil on China’s doorstep

Meeting the growing needs of a fast-developing China is, directly and indirectly, a key objective of many natural resources companies. Mongolia-focussed, AIM-listed Petro Matad has the advantage of being right next door to China – and the petroleum industry in Mongolia is being driven hard by the needs of its neighbour. We take a look at the rapidly developing oil industry in Mongolia, which remains unknown to many Western investors, before reviewing the Petro Matad portfolio which includes three large exploration Blocks. Drilling on the first of these, Block XX, will begin in April 2010. To read the full article, click herePetro Matad – exploring for oil on China’s doorstep

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