Petro Matad Ltd 2021 AR2
The report outlines Petro Matad Limited's transition from an oil explorer to a producer in Mongolia, highlighting the acquisition of the Block XX Exploitation Licence for the Heron discovery. Following this milestone, the company completed a $10.4 million equity fundraise to support development and prepare for first oil. Petro Matad also expanded its strategy to explore sustainable and renewable energy opportunities in Mongolia, including wind and solar power. Additionally, the company maintained its strong safety record, achieving its sixth consecutive year with zero lost time injuries.
Company: Petro Matad Ltd
Sector: Energy
Country: Isle of Man
Year: 2021
Type: AR2
Pages: 54
Petro Matad Ltd
Annual Report
The report outlines Petro Matad Limited's transition from an oil explorer to a producer in Mongolia, highlighting the acquisition of the Block XX Exploitation Licence for the Heron discovery. Following this milestone, the company completed a $10.4 million equity fundraise to support development and prepare for first oil. Petro Matad also expanded its strategy to explore sustainable and renewable energy opportunities in Mongolia, including wind and solar power. Additionally, the company maintained its strong safety record, achieving its sixth consecutive year with zero lost time injuries.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
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