Petro Matad slashes executive pay to make Mongolia project fly

Cash-strapped company in salary cuts to bolster liquidity as it seeks permit to exploit Heron discovery

Onshore effort: a Kazakh eagle hunter holds his bird during the Golden Eagle festival in the Altay Mountains near Sagsay village in western Mongolia's Bayan Olgiy province — Onshore effort: a Kazakh eagle hunter holds his bird during the Golden Eagle festival in the Altay Mountains near Sagsay village in western Mongolia's Bayan Olgiy provincePhoto: REUTERS/SCANPIX

Steve Marshall

Oslo

Petro Matad Mongolia Mike Buck Asia & Oceania Central Asia

Published 11 May 2020, 07:23Updated 11 May 2020, 07:23