PM Investor Relations25 Feb 2021 08:36
Email reply I have just received off Investor Relations
We are aware of the speculation on online forums regarding the slow progress of the Exploitation Licence and accusations that this is due to issues between Petrovis and the Mongolian Government.
Petro Matad has seen no evidence of this and although the progress of granting the Exploitation Licence has been slower than we had hoped, all approvals have so far have been granted and we continue to maintain strong working relationships with all relevant government agencies.
We would like to assure you that we are doing all we can to secure the licence and to progress the development as fast as the process allows, and newsflow will be disclosed to the market when it is appropriate to do so.