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Petro Matad commences drilling at Mongolia exploration well www.stockmarketwire.com
Petro Matad said that drilling had commenced on a new exploration well in Mongolia.
The Heron-1 well in the Tamsag Basin was an appraisal of the T19-46 oil field and was being drilled with the DQE International 40105 rig.
The well was targeting a prospect with a 25m barrel mean prospective recoverable resource and would be drilled total depth of 3,050 metres.
It was expected to take up to 40 days to complete.
Upon completion of drilling operations, the rig will move about five kilomtres to the Gazelle-1 location.
Mobilisation of the Ccmpany's second contracted rig to the Red Deer-1 location was ongoing with a targeted spud date before the end of July.
Published Date:2019-07-25
