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Mongolia's Petro Matad moves forward with Block XX Exploitation License

Mongolia's Petro Matad moves forward with Block XX Exploitation License
worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.

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Corcel News Headlines. CRCL Share News. Financial News Articles for Corcel Plc Ord 0.01P updated throughout the day.

Mon, 10th May 2021 10:19
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
AIM - WINNERS
Corcel PLC, up 16% at 1.89 pence, 12-month range 0.7p-2.42p. Buys 40% stake in shovel ready Tring Road 50 megawatt gas peaking project outside of Aylesbury, England, from Arlington Energy Ltd. Purchase consideration is GBP400,000, to be satisfied by GBP150,000 in cash and 12.0 million new shares. This is a highly significant milestone for Corcel. The addition of the shovel ready Tring Road project to our existing Burwell project dramatically bolsters our position in the increasingly competitive flexible energy space here in the UK, says Chief Executive Scott Kaintz. ....

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Petro Matad makes progress on Heron field plan approval in Mongolia

Petro Matad makes progress on Heron field plan approval in Mongolia
Mon, 10th May 2021 10:25
(Alliance News) - Petro Matad Ltd on Monday said the Mongolian Mineral Resources Professional Council has agreed to approve the plan of development of Heron field in the north Asian country.
The Mongolia-based petroleum company said the plan will be approved once some technical clarifications have been provided. The items requiring clarification have been received from the council, Petro Matad said.
We are pleased to have received the support of the Mineral Resources Professional Council for our Heron field plan of development and we are working with the designated representatives to provide clarification and complete any minor amendments as soon as possible, said Chief Executive Mike Buck. ....

Petro Matad , Evelina Grecenko , Alliance News , Mongolian Mineral Resources Professional Council , Mineral Resources Professional Council , Petro Matad Ltd On , Matad Ltd , Chief Executive Mike , All Rights , கூட்டணி செய்தி , தாது வளங்கள் ப்ரொஃபெஶநல் சபை , தலைமை நிர்வாகி மைக் , அனைத்தும் உரிமைகள் ,

Petro Matad gets conditional development support from Mongolia authorities | 10 May 2021

10 May 2021 | 07:59am
StockMarketWire.com - Oil company Petro Matad said it had received the conditional support of authorities in Mongolia related to its Block XX development plan.
The country s Mineral Resources Professional Council concluded that it supported and would approve the plan once certain technical clarifications were provided and any necessary amendments made.
Petro Matad said said the items requiring clarification had been received from MRPC.
With the recent relaxation of lockdown restrictions in Mongolia, the company is now in discussion with MRPC s designated officials to clarify the points raised in order to secure MRPC written approval of the plan of development, it added. ....

Petro Matad , Mineral Resources Professional Council , தாது வளங்கள் ப்ரொஃபெஶநல் சபை ,

Mongolia: Petro Matad announces Block XX Exploitation Licence update

Mongolia: Petro Matad announces Block XX Exploitation Licence update
10 May 2021
Petro Matad, the AIM quoted Mongolian oil company, has announced an update on the progress of its formal application for an
Exploitation Licence for Block XX.
The meeting of the Mineral Resources Professional Council (MRPC) to review Petro Matad s Plan of Development was convened virtually due to the Covid-19 lockdown in Ulaanbaatar. The Council concluded that it supports and will approve the Plan of Development once certain technical clarifications have been provided and any resulting amendments to the documentation deemed necessary have been made. The items requiring clarification have been received from MRPC. With the recent relaxation of lockdown restrictions in Mongolia, the Company is now in discussion with MRPC s designated officials to clarify the points raised in order to secure MRPC written approval of the Plan of Development. ....

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