17:00 Thu 03 Oct 2019
Petro Matad Ltd - Commencement of Testing of Heron-1
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY PETRO MATAD LIMITED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
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Commencement of Testing of Heron-1
The DQE Testing Rig #1 has been mobilised from Block XIX to the Heron-1 location and rigged up, and testing operations have now commenced. If required, reservoir stimulation equipment is in Block XIX and is readily available. The testing operations on Heron-1 are expected to be completed during October.
At the nearby Gazelle-1 well, drilling with the DQE International Rig #40105 is progressing on schedule.
Further updates will be provided in due course.
-Ends -
For further information please contact:
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+976 7014 1099 / +976 7575 1099 |
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Shore Capital (Nominated Adviser and Broker) |
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+44 (0) 20 7408 4090 |
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+44 (0) 20 7710 7600 |
FTI Consulting (Communications Advisory Firm) |
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+44 (0) 20 3727 1000 |
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