Proactive investors

Petro Matad Limited (AIM: MATD) is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. It is exploring in the east of Mongolia, with a Production Sharing Contract on Matad Block XX, in which it is the sole contractor with the Government of Mongolia. Block XX is immediately south of the largest producing oilfield in Mongolia, in the Tamtsag Basin. The Company is currently undertaking seismic surveys designed to define targets for a drilling programme commencing in 2009.