Petro Matad is the parent company of a group focused on oil exploration, as well as future development and production in Mongolia. The Group’s assets consist of the Production Sharing Contract (PSC) over the following exploration blocks:
- Matad Block XX, with an area of 10,340km² in the far eastern part of Mongolia, near the Chinese border.
- Bogd Block IV and Ongi Block V, approximately 50,000km² in central Mongolia.
Petro Matad Limited was admitted to the London Stock Exchange, Alternative Investment Market on 1 May, 2008 making the Company the first substantially Mongolian owned company to be listed on an international stock exchange. The Company’s largest shareholder is Petrovis LLC, the largest importer and distributor of petroleum products in Mongolia.