Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (December 2025)
15 slides from Petro Matad's investor presentation, December 2025
Slide 1: Mongolia Operational Update 2025, Look ahead 2026
Mongolia Operational Update 2025 Look ahead 2026
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: Mongolia Oil Industry
Mongolia Oil Industry New government prioritising energy independence • Focused on invigorating the oil sector and on Renewable Mongol Refinery Energy capacity • Mongolia’s average daily crude production to October 2025 averaged 10,273 bopd1 Projected • PetroChina (Blocks XIX & XXI) operates c.90% o
Slide 4: Heron Field - Status
Heron Field - Status Heron-1 Heron Production Facilities • Production to date c. 70,000 bbls with water cut c.3% and no free water observed to date • Well currently delivering c. 135-145 bopd • Production stable in-line with offset wells and forecast • Performance indicates well stimulation accessed
Slide 5: Gazelle Field - Status
Gazelle Field - Status Gazelle Production Facilities Gazelle-1 • Well test started early October 2025 • Perforated 8m zone and rates over 400 bopd achieved of c.40-43° API crude • Well completed and surface infrastructure installed • First oil 31 October 2025 • Initial production c.200 barrels/day v
Slide 6: Block XX 2025 Work Programme Activity
Block XX 2025 Work Programme Activity 2025 Work Programme Plan and Actual 2025 Work Programme • Work started in July upon receipt of funds raised • Electrification project delays due to complex bureaucratic process were overcome and system now online • Rig equipment issues delayed Heron-2 test progr
Slide 7: 2026 Preparations in Hand
2026 Preparations in Hand Block XX Radial/Jet Drilling • Capital programme options being developed in parallel with farm out discussions • Production enhancement opportunities being finalised Heron Field • Continue production from Heron-1. De-wax the well for pump efficiency and flow assurance • Com
Slide 8: Block VII
Block VII Block VII Location Map Borzon Block VII signed January 2025 • 41,141 km2 area located in southern Mongolia adjacent to hydrocarbon bearing Yin’ e basin in China • Fiscal terms are very attractive compared to most other international jurisdictions • 8-year exploration period with two, 2-yea
Slide 9: Oil Sales Agreement
Oil Sales Agreement • Good progress has been made over the last few Tanker at Block XIX TA-1 Facility Weighbridge weeks on the rewording of the Oil Sales Agreement with PetroChina • Once complete, this will remove the withholding of revenue applied and secure payment of the amount withheld to date •
Slide 10: SunSteppe Renewable Energy Pte Ltd Energy Reform
SunSteppe Renewable Energy Pte Ltd 'State Policy on Energy Sector’ and Mongolia’s Vision 2050 Together serves as a road map for Mongolia's power sector. Highlights of the policy Transition to Renewable Energy • Increasing renewable energy sources to reach 30% of Energy Reform Mongolia's energy mix b
Slide 11: Project Status
Project Status SRE JV formed in 1Q23 Good timing given government’s strong focus on energy independence and renewable energy in particular Experienced renewables team working full time originating business, developing projects and interacting with stakeholders Four projects currently on the books 1.
Slide 12: 200MW Hybrid Project
200MW Hybrid Project Hybrid Project Layout • SunSteppe in partnership with Tsetsens Mining & Energy (TME), is developing a Hybrid Energy Project in Tuv Province, ~100km SE of Ulaanbaatar • The project will integrate 100MW of solar PV, 100MW of wind generation, and 80MW of battery storage creating on
Slide 13: 200MW Hybrid Project
200MW Hybrid Project An ideal site selection for hybrid renewable project development High Solar Resource • Tov aimag lies in a 4.4–4.8 kWh/kWp/day solar zone, equal to 1,600–1,750 kWh/kWp/year, making it one of Mongolia’s strongest solar regions. Strong Wind Potential • National wind assessments cl
Slide 14: 200MW Hybrid Project
200MW Hybrid Project Phase 1: 100 MW Solar PV. Recently Installed 120m Wind Mast • Approvals, the revision of the existing power purchase agreement and ready to build status targeted by 3Q26 with construction completion then forecast by late 2027 • Land for Phase 1 secured on TME’s existing licensed
Slide 15: Thank you
Thank you General Enquiries: admin@petromatadgroup.com ‘X’: @Petro_Matad LinkedIn: Petro Matad Limited 15