News

April 29, 2008

Petro Matad Floats On London’s AIM To Exploit Highly Prospective Assets In Mongolia

And now, for something completely different, a quiz show on London’s Alternative Investment Market and oil companies.

Question (from scowling, grumpy old quiz master): “Is it true that Mongolia is a producing oil province and that Petro Matad, which floated on AIM in the first week of May 2008, is the first purely Mongolian based oil company to be quoted on the London Stock Exchange.”

Answer (from intense furrowed browed but pretty female geology student): “Yes Mongolia does produce oil, not a great amount at the moment, and it ships it by road across the border to China. Mongolia, at this point,...