Source: EBR                Date: 25 May, 2011

Oil explorer Petro Matad has commenced drilling operations at the Davsan Tolgoi-5 (DT-5) exploration well in Block XX. The well is planned to be dug vertically to an estimated target depth of 2,020 meters and will test a portion of the recently identified Uvgan Gal paleovalley as well as part of the Lower Tsagaansav Formation.

According to the company, the DT-5 well is 3.1 kms north-northeast of the DT-1 well and 2.5 kms south of the 19-62 well on the adjacent Block XIX, operated by Daqing Oilfields. Earlier last week, Petro Matad reported its discovery of significant hydrocarbons in the DT-4 well.