Petro Matad confirms ‘stable production' from Heron well

  • Petro Matad Limited (AIM:MATD, OTCRTDF) has reported continued stable production from its Heron-1 well at rates between 150 and 160 barrels of oil per day with a water cut of less than 3%. To date, around 46,000 barrels have been produced and exported under an agreement with PetroChina.