Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (May 2026)
19 slides from Petro Matad's investor presentation, May 28, 2026
Slide 1: Operational Update and Look Ahead
MONGOLIA Operational Update and Look Ahead May 2026 Petro Matad Corporate Presentation May 28th 2026 1
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying verbal presentation, including any question and answer session and any documents or other materials distributed at or in connection with the presentation (together, the “Presentation”), are being presented by Petro Matad Limited (the “Company”) for i
Slide 3: Presentation Content
Presentation Content 1 Status Mongolia Oil Industry 4 Block VII 2026 Forward Plans 2 Block XX Production Performance to Date 5 Status SunSteppe Renewable Energy 3 Block XX 2026 Forward Plans Petro Matad Corporate Presentation May 28th 2026 3
Slide 4: Status Mongolia Oil Industry
Status Mongolia 1 Oil Industry Petro Matad Corporate Presentation May 28th 2026 4
Slide 5: Status Mongolia Oil Industry
Status Mongolia Oil Industry Government Initatives Supply / Demand Mongol Refinery Status Local communities being Current country crude oil production Forecast completion date Feb 2028* encouraged to support oil < 10,000 bopd* Government addressing issue that exploration through local meetings Curre
Slide 6: Block XX Production Performance to Date
Block XX Production 2 Performance to Date Petro Matad Corporate Presentation May 28th 2026 6
Slide 7: Block XX Production Performance to Date
Block XX Production Performance to Date Heron Gazelle Production Operations Stable production and continuing Gazelle successfully tested and No safety or environmental incidents low water % brought on stream Oct 31st 2025 year to date Oil production rate as per forecast Oil rate exceeding forecast O
Slide 8: Heron Production
Heron Production Heron Total Monthly Sales Oil ~81,000 Cumulative Sales Oil Barrels to end April 2026 ~3% Natural flow initial production Beam Pump 24hr/day Water cut. Stable 126 Average Daily Sales Oil Barrels Q1 2026 99% Production Uptime Monthly Total Sales Oil Barrels Cumulative Sales Oil Barrel
Slide 9: Gazelle Production
Gazelle Production Gazelle Total Monthly Sales Oil ~22,000 Cumulative Sales Oil Barrels to end April 2026 ~20% Natural flow initial production Beam Pump Production % Total Water Cut to end April 2026 Optimisation 123 Average Daily Sales Oil Barrels for April 2026 87% Production Uptime Monthly Total
Slide 10: Gazelle Upside
Gazelle Upside Top Reservoir Depth Map Production Performance Gazelle Total Monthly Sales Oil Production to date (end April) has exceeded initial forecast of oil by ~17% or ~3,700 Gazelle-1 barrels Production is being optimized to limit Limit of 3D seismic Up-dip increase in water cut and pressure d
Slide 11: Block XX 2026 Forward Plans
Block XX 2026 Forward 3 Plans Petro Matad Corporate Presentation May 28th 2026 11
Slide 12: Block XX 2026 Forward Plan
Block XX 2026 Forward Plan Production Operations Heron-2 3D Seismic Acquisition Maximize production rates Well fluid level has increased over Evaluating offer from experienced winter months indicating continued seismic contractor to acquire new Ongoing monitoring of beam pump influx from reservoir b
Slide 13: Technologies
Technologies Radial/Jet Drilling Radial Drilling 3D Seismic Acquisition PetroChina Block XIX 3D 4x100m long 2” diameter Evaluating offer to acquire 148km2 horizontal laterals drilled through 3D seismic survey in Block XX Gazelle-1 Heron-1 casing increase reservoir contact Heron-2 and drainage area A
Slide 14: Block VII 2026 Forward Plans
Block VII 2026 Forward 4 Plans Petro Matad Corporate Presentation May 28th 2026 14
Slide 15: Block VII 2026 Forward Plans
Block VII 2026 Forward Plans Seismic Line and Cross Section in Judong Sag in China Block VII Location Map JC1 well in Judong Sag Large block in southern had oil shows in Permian Mongolia adjacent to aged rocks plus Permian hydrocarbon bearing Yin’ e basin in China and Lwr Cretaceous source rocks Mul
Slide 16: Status SunSteppe Renewable Energy
Status SunSteppe 5 Renewable Energy Petro Matad Corporate Presentation May 28th 2026 16
Slide 17: State Policy on Energy Sector and Mongolia's Vision 2050
State Policy on Energy Sector and Mongolia’s Vision 2050 2025 – 2030 2030 – 2040 2040 – 2050 Fully meet domestic demand Energy Exporting Country Net Zero Increasing renewable energy sources to Developing Mongolia as an energy Mongolia is committed to implementing reach 30% of Mongolia's energy mix b
Slide 18: 2026 Focus Projects
2026 Focus Projects 200MW Hybrid Project 100MW Solar/Battery 100MW Wind/Battery 90MW Solar/Battery Combined wind, solar, and Project Project Project battery energy storage project SRE is in pole position on the SRE has submitted an SRE is part of a short-listed in Tuv Province ~100km SE of developme
Slide 19: End
End Petro Matad Corporate Presentation May 28th 2026 19