Source: upstreamonline.com                    Date: 15 June, 2011

The London-listed independent and Mongolia-focused explorer Petro Matad has spudded its second exploration well in less than a month as it began drilling at the Davsan Tolgoi-6 well on June 9 afternoon. The well, being drilled by DQE International, will be vertically drilled to a target depth of 2,100 meters.

The latest development follows the spudding of the Davsan Tolgoi-5 well in mid-May. Also last month Petro Matad announced that it had found oil at its Davsan-Tolgoi-4 (DT-4) well with an initial analysis pointing to six meters of net pay.