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Investegate |Petro Matad Ltd Announcements | Petro Matad Ltd: Interim Results

Investegate |Petro Matad Ltd Announcements | Petro Matad Ltd: Interim Results
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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Mongolia: Petro Matad announces interim results for the six months ended 30 June 2021

Mongolia: Petro Matad announces interim results for the six months ended 30 June 2021
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Mongolia approves Gurvantes CBM project PSA

Mongolia approves Gurvantes CBM project PSA
Jul 13, 2021 2:15:am
Summary
by: Shardul Sharma
Posted in:
Mongolia approves Gurvantes CBM project PSA
The Mongolian cabinet has approved the production sharing agreement (PSA) with Telmen Resource regarding the Gurvantes XXXV coalbed methane (CBM) project, Australia’s Talon Energy, a partner in the project, said on July 12.
The Mineral Resources and Petroleum Authority of Mongolia has been instructed by the ministry of mining and heavy industry to formally execute and issue the PSA, and this is expected to occur in the coming weeks, the company said.
Talon said that the receipt of cabinet approval had been delayed by the ongoing COVID-19 situation in Mongolia. As a result of these delays, and as consideration for Telmen agreeing to extend the exclusivity period relating to the farm-in, the Australian explorer will issue Telmen options to acquire its shares upon the formal issuance of the PSA. ....

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Talon Energy's (ASX:TPD) Gurvantes XXXV PSA gets green light

Talon Energy’s (ASX:TPD) Gurvantes XXXV PSA gets green light
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Mongolian Government approves Talon Energy s (TPD) Gurvantes XXXV coal bed methane production sharing agreement with Telmen Resource JSC
Gurvantes is situated less than 20 kilometres from the Chinese-Mongolian border, close to the Northern China gas transmission and distribution network
The go-ahead follows initial delays caused by COVID-19
TPD has since agreed to issue Telmen 100 million options to acquire Talon shares at an exercise price of 0.1 cent each, upon formal issue of the PSA
An initial work program is expected to begin shortly, subject to PSA issue ....

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Mongolia: Talon Energy receives approval for the Gurvantes XXXV CBM PSC

Mongolia: Talon Energy receives approval for the Gurvantes XXXV CBM PSC
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