PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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The Company has advanced negotiations with operational service providers for the 2022 work programme and has secured some price reductions compared to the 2019 drilling programme. Contracts are being prepared in advance of discussions at the annual budget meetings with the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM). Petro Matad is pushing for operational activity to start after the winter hiatus in Q2 with the re-entry, stimulation, and completion for production of Heron 1. The equipment and personnel required for this work are largely already in Mongolia.