Petro Matad CEO Mike Buck interviewed on London South East1 Aug 2022 10:56
Dear all,
It was a pleasure to hear from Mike Buck, Petro Matad CEO Mike Buck. In summary, it has been a frustrating few months for the company but with glimpses of light beginning to shine through. Land Issues and China's Zero Covid Policy have restricted drilling progress, but people can freely move around Mongolia now and the hope is that the Southern Border crossing opens again within weeks, with all the required equipment for Heron-1 expected to be in country within weeks.
The land access issues continue, with the Government likely to start to pass changes to the law which will benefit Petro Matad 'in the Fall'. And at a local administrative level Mike 'is hopeful our certification is progressing with Parliamentary support and we are hopeful of a positive solution 'soon - although it's not clear how long 'soon' might be'. Finally, Mike once again makes the point that that Heron remains a great opportunity once oil begins to flow. Please do watch the full interview here: https://youtu.be/AhPJ8a-I0mc