Petro Matad rockets as it inks Mongolian oil sales deal

  • Shares in Petro Matad Limited (AIM:MATD, OTCRTDF) rose on Monday as it inked an oil sales agreement with PetroChina Daqing Tamsag, for the production from Block XX in Mongolia. Covering storage, processing, transport and export of crude oil the agreement enables the monetization of the Heron 1 well, including past production between 24 October 2024 and 31 March 2025.