Petro Matad Limited Announces Spud Of The Gazelle-1 Exploration Well

  • Sep 19, 2019 BST
  • Team Kalkine
  • Petro Matad Limited (AIM: MATD), has announced the spud of the Gazelle-1 exploration well in the north of Block XX.
  • The spud of the well is a little earlier than previously forecast.
  • The Gazelle-1 well in eastern Mongolia will be drilled to a total depth of around 2,500m and is expected to take around thirty five days to drill and log.
  • On 19th September 2019, at the time of writing, GMT 13:03 PM, MATD shares were trading at GBX 5.00, up by 0.08 points or 1.62 per cent against the previous day closing price.

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