www.unuudur.com » Petro Matad receives government’s approval for farm-out in Mongolia

Petro Matad receives government’s approval for farm-out in Mongolia

[Нийтэлсэн: 11:25 13.06.2015 ]

www.selftrade.co.uk

Petro Matad, a petroleum explorer based in Mongolia, has received government approval for the farm-out to BG Group for a 78% interest in its interests in blocks IV and V in central Mongolia.

The firm still requires with one further condition to be satisfied by BG Group, after which it will release an operational update on its preparations to start work.

The company said it currently has low cash reserves, but continues to be “highly confident” that the remaining condition of the farm-out will be completed before the reserves run out.

In case of a delay, the company is in talks with a potential provider of short-term funding.



Шинээр

Copper price plunges to 1-year low
[Нийтэлсэн: 14.07.2018 ]
[Эх сурвалж: ]
Global Religion and the United Front: The Case of Mongolia
[Нийтэлсэн: 11.07.2018 ]
[Эх сурвалж: ]
Thermal coal prices hit 6-year high
[Нийтэлсэн: 09.07.2018 ]
[Эх сурвалж: ]
Former Rio Tinto exec jailed for corruption in China let free
[Нийтэлсэн: 09.07.2018 ]
[Эх сурвалж: ]
Copper price rallies to highest since January 2014
[Нийтэлсэн: 08.06.2018 ]
[Эх сурвалж: ]

Get Flash to see this player.