RE: Fiscal terms answer for block XX Question 10221 Feb 2026 14:42
Some of these will not factor into your equation Gadgie, According to the company's 2024 final results and operational updates, the exploration term for Block V expired on July 31, 2024, and the block was fully relinquished to the Mongolian government.
Key points regarding Petro Matad's assets:
Block V: Relinquished in July 2024 after no commercial volumes of hydrocarbons were identified despite exploration efforts, including the 2023 drilling of the Velociraptor-1 well.
Block IV: Relinquished earlier in August 2020.
Current Holdings: As of early 2026, the company focuses on Block XX (producing) and the newly awarded Block VII (signed January 2025).