- Petro Matad said that all processes for obtaining land permits related to the drilling of two wells in Mongolia had been completed, following delays.

The company said it was now waiting on a final signature by the local governor for the Heron and Gazelle well sites.

'In the meantime, operations are continuing as normal at the Heron well site and based on current performance the drilling and logging of Heron-1 are forecast to be completed around 9 September,' Petro Matad said.

'Operations at the Red Deer location are proceeding as planned.'

'The well has reached its intermediate casing point and preparations are underway to drill the next hole section.'

'The company confirms that the land permit for the Red Deer well site has been obtained.'

At 8:33am: [LON:MATD] Petro Matad Ltd share price was +0.35p at 7.55p

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