Petro Matad has announced that the Davsan Tolgoi-2
exploration well was spudded late in August. The well is being drilled
vertically to an estimated target depth of approximately 1,300 meters and
operations are expected to take approximately 25 days. DT-2 is the second
exploration well to be spudded as part of Petro Matad”s program to drill three
wells in 2010 on its Production Sharing Contract on Block XX in Eastern
Mongolia.