Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (July 2025)
12 slides from Petro Matad's investor presentation, July 2025
Slide 1: Mongolia: Oil Production Optimisation and Additions, Renewable Energy
Mongolia Oil Production Optimisation and Additions Renewable Energy
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 trying to prioritise domestic oil industry • Mongolia’s average daily crude production in 2024 Mongol Refinery averaged 11,475 bopd1 capacity • PetroChina (Blocks XIX & XXI) operates ~95% of the country’s production which is trucked to Chinese refineries Projecte
Slide 4: Block XX: Development plans and partnering
Block XX: Development plans and partnering Heron Field resource estimates Low cost production enhancement technologies • Circa 200 MMbo in place potential1 • 30+% recovery factor should be possible by analogy with Block XIX performance. So Heron could be 60+ MMbo recoverable Development strategy and
Slide 5: Heron Field - Status
Heron Field - Status Heron 1 Heron Production Facilities • Well stimulated and completed August 2024. Installation of surface facilities October 2024. First oil 24 October 2024 • Production to date c. 46,000bbls. Well currently delivering c. 150-160 bopd • Oil transported 25km to Block XIX facilitie
Slide 6: Block XX: 2025 work programme
Block XX: 2025 work programme The planned programme focuses on low-cost activities designed to reduce operating expenses and to add near Petro China processing term production and export facilities Heron-1 operating expenses • Heron-1 to be connected to national grid electricity supply. 15% opex sav
Slide 7: Well Test Candidate: Gazelle-1
Well Test Candidate: Gazelle-1 Gazelle-1 proven pay potential 2025 production add Gazelle-1 Reservoir Section • Drilled 2019, cased to TD and suspended • Thin oil pay in good quality ‘A’ and ‘B’ Sands. Up to 40m vertical stand off from water leg • Sand quality suggests good flow potential. Successfu
Slide 8: Well Test Candidate: Gobi Bear-1
Well Test Candidate: Gobi Bear-1 Gobi Bear-1 Gobi Bear-1 Reservoir Section • Drilled 2024, cased to TD and suspended Oil Shows • Well targeted large stratigraphic trap in southwestern part of block – pre-drill in-place resource potential 307MMbo1 • Well encountered 71m gross reservoir thickness with
Slide 9: Block VII
Block VII New Exploration Block • 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-ye
Slide 10: SunSteppe Renewable Energy JV
SunSteppe Renewable Energy JV New government focus on Renewable Energy • Politically courageous energy reform implemented, reducing subsidies. Improving investor environment. Pushing Mongolia's Vision 2050 plan ➢ Meet 100% of domestic power demand by 2030 ➢ Become an energy exporter ➢ Net zero • Exp
Slide 11: 2025 Work Programme
2025 Work Programme 2025 work programme • Funded by recent equity raise • Block XX: Very active second half programme focused on opex reduction and low cost, near-term production enhancement opportunities • Block VII: High potential exploration in basins proven productive across the border in China.
Slide 12: Thank you
Thank you General Enquiries: admin@petromatadgroup.com ‘X’: @Petro_Matad LinkedIn: Petro Matad Limited 12