Malcy's RNS comment..23 Aug 2024 07:49
... So, Heron-1 is underway and ready for production but we have no idea of how many barrels a day, but storage has been prepared and is being tested ready for use. Next stop is to drill Heron-2 in ‘mid September’ and we are told all is well on that front.
The famous Gobi Bear-1 well, which will use a smaller rig is expected to be on site for September and will spud later in the month and should do everything necessary before everything shuts down in late November. So far, so good and things are certainly getting better for MATD.