Petro Matad Ltd 2017 Annual Report with Sustainability Disclosures
Company: Petro Matad Ltd
Sector: Mining & quarrying
Country: Mongolia
Year: 2017
Type: Annual Report with Sustainability Disclosures
Pages: 49
The report describes a challenging 2017 in which drilling was deferred after the rig failed to obtain certification in time, while the company completed a 200 km2 3D seismic survey. It reports that an early-2018 equity raise financed the planned drilling programme. The company also implemented community projects, including school toilet facilities, an elders' hall, boxing-club renovations, and winter feed support for herders.
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