Mike Buck, CEO of Petro Matad, said:13 Nov 2025 08:53
"Our operations team has worked hard to get the Gazelle-1 well ready for production in short order. We will closely monitor well performance to maximise production balanced with prudent reservoir management. We are very pleased to be able to increase production and revenue generation so quickly after the successful Gazelle-1 well test and to add this to the consistent performance of Heron-1.
Meanwhile, Heron-2 continues to present challenges. We still hope to get an oil rate out of the well this year or, at the very least, enough information to allow us to prepare for another operationally appropriate attempt to do so after this winter's operational shut down.
PetroChina has been slow to respond on the rewording of the oil sales agreement but progress is being made."
Gazell produces 200 bpd.
Heron 1 has produced an average of 164 bpd over the previous 12 months....
More oil is drips on my driveway than this company produces per year....