Petro Matad has released a positive operational update this morning. The company has seen solid production from its Heron-1 well, which continues to flow to surface without the need for pumping. The negotiations on cooperation, which covers the processing and sale of crude produced at the Heron field, are now complete and awaiting sign-off. This will allow Petro Matad to sell the crude produced, including the current oil in storage. Additionally, Petro Matad has been officially awarded a new exploration licence, Borzon Block VII, and hopes to obtain a further licence soon.2025 appears to have started well for Petro Matad, and its shareholders.