Petro Matad Ltd 2018 Annual Report with Sustainability Disclosures
The report outlines Petro Matad Limited's operational and financial performance for the fiscal year ended December 31, 2018. During the year, the company successfully raised $34.9 million in gross proceeds across two funding rounds to execute its multi-well exploration drilling program in Mongolia. Petro Matad completed the drilling of the Snow Leopard 1 and Wild Horse 1 wells in Blocks V and IV, respectively, within budget and without any safety or environmental incidents. The company updated its Health, Safety, Security, and Environmental Management System to align with IOGP guidelines, achieving zero lost time injuries and a total of 251,751 recorded man-hours. Additionally, the company implemented various community development projects in Guchin-Us and Baatsagaan Soums, including drilling water wells and funding local infrastructure.
Company: Petro Matad Ltd
Sector: Mining & quarrying
Country: Mongolia
Year: 2018
Type: Annual Report with Sustainability Disclosures
Pages: 53
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Petro Matad Ltd
Annual Report
The report outlines Petro Matad Limited's operational and financial performance for the fiscal year ended December 31, 2018. During the year, the company successfully raised $34.9 million in gross proceeds across two funding rounds to execute its multi-well exploration drilling program in Mongolia. Petro Matad completed the drilling of the Snow Leopard 1 and Wild Horse 1 wells in Blocks V and IV, respectively, within budget and without any safety or environmental incidents. The company updated its Health, Safety, Security, and Environmental Management System to align with IOGP guidelines, achieving zero lost time injuries and a total of 251,751 recorded man-hours. Additionally, the company implemented various community development projects in Guchin-Us and Baatsagaan Soums, including drilling water wells and funding local infrastructure.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available