Petro Matad (LON:MATD) will next month kick off a surveying programme designed to’ high-grade’ exploration prospects for a fresh round of exploration drilling.
The airborne survey will assess an area of mountainous desert and steppe, and the company expects to gather around 11,000 square kilometres of data.
“The programme is designed to provide high-resolution gravity coverage, capable of resolving prospect scale structural features, to aid in correlation between 2D seismic profiles and extrapolate structural networks into frontier areas to optimise future exploration work,” the company said in a statement.
It will be the first time this approach has been applied to oil and gas exploration in Mongolia, though Petro Matad says it the techniques have been successful in other frontier regions.