Business
Spud of the Snow Leopard-1 Well
Spud of the Snow Leopard-1 Well.
About this update from Petro Matad Limited
[{"type":"text","content":"\n \nRNS Number : 0704U Petro Matad Limited 10 July 2018 \n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY PETRO MATAD LIMITED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (\"MAR\"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE (\"RIS\"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n10 July 2018\nPetro Matad Limited\n(\"Petro Matad\" or the \"Company\")\nSpud of the Snow Leopard-1 Well\nPetro Matad, the AIM quoted Mongolian oil explorer, is pleased to advise the Snow Leopard-1 well (Petro Matad 100%) in the Taats Basin of Block V spudded yesterday, 9 July 2018.\n \nThe Snow Leopard-1 well, which is targeting 90 MMBO and is the first of the Company's 2018 four well drilling campaign targeting c.600 MMBO, is planned to drill to a total depth of c.3,350 metres and is expected to take up to 70 days to complete. In the event of a discovery, the Company will bring in a separate rig for testing.\n \nThe Company will make a further announcement on completion of drilling operations.\n \n \nFor more information, please contact:\n \n\n\n\nPetro Matad Limited\n\n\n...