Petro Matad Ltd (LON:MATD) Commencement of Testing of Heron-1

Petro Matad Limited, the AIM-quoted Mongolian oil explorer, is pleased to announce the commencement of testing operations at the Heron-1 well in the north of Block XX, eastern Mongolia.

The DQE Testing Rig #1 has been mobilised from Block XIX to the Heron-1 location and rigged up, and testing operations have now commenced.

If required, reservoir stimulation equipment is in Block XIX and is readily available. The testing operations on Heron-1 are expected to be completed during October.

At the nearby Gazelle-1 well, drilling with the DQE International Rig #40105 is progressing on schedule.

Further updates will be provided in due course.

-Ends –


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