Petro Matad is the parent company of a group focused on oil exploration, as well as future development and production in Mongolia. The Group’s principal asset is the Production Sharing Contract (PSC) over Matad Block XX, a petroleum block with an area of 14,250km2 in the far eastern part of Mongolia, near the Chinese border. Recently the company signed two more Production Sharing Contracts on Bogd Block IV and Ongi Block V, a total of approximately 71,000km² in central Mongolia. Petro Matad Limited’s shares were admitted to trading on AIM, London Stock Exchange, on May 1st, 2008. The company’s largest shareholder is Petrovis LLC, the largest importer and distributor of petroleum products in Mongolia. The company is the first substantially Mongolian owned company to have its shares admitted to trading on any major international stock exchange.
24/04/12
Petro Matad to update shortly on 2012 field season plans for Mongolian oil projects20/04/12
Petro Matad appoints new CFO John Henriksen as Clyde Evans retires27/03/12
Petro Matad appoints new director13/03/12
Petro Matad appoints 3 high-profile non-exec directors27/01/12
Petro Matad's co-chairman Toll retires from board18/01/12
Petro Matad appoints Mark Zebrowitz as new COO17/11/11
Petro Matad confirms presence of working petroleum system in Block V, Mongolia04/11/11
Petro Matad: still scope to develop Davsan Tolgoi after well disappointment17/10/11
Petro Matad mulls stimulation programme for DT-8 well30/09/11
Petro Matad's last Davsan Tolgoi well in 2011 shows fair and good oil shows; releases interims27/09/11
Petro Matad receives valuable data from tests of its DT-4 well in Mongolia14/09/11
Petro Matad updates on licence arrangements; shares up09/09/11
Petro Matad is confident in Davsan Togoi oilfield despite disappointing well results30/08/11
Petro Matad reports setbacks from Davsan Tolgoi in Mongolia22/08/11
Petro Matad reports latest well success in Mongolia04/08/11
Petro Matad spuds Davsan Tolgoi-9 exploration well in Mongolia02/08/11
Petro Matad confirms presence of oil in Davsan Togoi 8 exploration well14/07/11
Petro Matad says latest drilling results are "less than resounding"27/06/11
Petro Matad spuds new well in Mongolia23/06/11
Petro Matad breaks winning streak as DT-6 well comes up dry21/06/11
UPDATE: Petro Matad to start well testing in Mongolia shortly09/06/11
Petro Matad spuds DT-6 well in Mongolia08/06/11
Petro Matad stays positive on drilling programme23/05/11
Petro Matad names Petrovis-nominated Macquarie Capital banker as non-exec19/05/11
DT-5 spudding good news for Petro Matad - Westhouse19/05/11
Petro Matad spuds DT-5 well on Block XX; shares rise17/05/11
Westhouse repeats bullish view on Petro Matad after its 4th oil discovery in a row16/05/11
Petro Matad discovers significant hydrocarbons in DT-4 well04/05/11
Petro Matad encounters live oil in DT-4 well's first target reservoir28/04/11
Petro Matad restarts Davsan Tolgoi-4 well after winter shut-down21/03/11
Petro Matad shares soar as it adds over 200 mln barrels of recoverable resources11/03/11
Petro Matad gets ready to re-start exploration after worst of Mongolian winter13/01/11
Audio Interview Transcript with Doug McGay, CEO of Petro Matad03/12/10
Petro Matad yields to Mongolia’s extreme winter with DT-4 poised just above target16/11/10
Petro Matad spuds Davsan Tolgoi-4 well in Mongolia09/11/10
Westhouse encouraged by additional work phase at Petro Matad’s oil block08/11/10
Petro Matad hires specialised rig for an extra well in 201021/10/10
Petro Matad has lived up to expectations - Westhouse Securities18/10/10
Petro Matad makes rapid progress with DT-3 well at Davsan Tolgoi oil project06/10/10
Petro Matad hits new high on initial Davsan Tolgoi follow-up well results30/09/10
Petro Matad reports 'exciting period of achievement'24/09/10
Petro Matad shareholder EBRD takes part in latest fundraising16/09/10
Petro Matad to raise US$46.8 mln for accelerated drilling programme in Mongolia31/08/10
Petro Matad spuds DT2-exploration well to follow up discovery30/07/10
Petro Matad says DT-1 well wireline logs confirm initial promising data16/07/10
Westhouse issues upbeat note on Petro Matad following Davsan Tolgoi oil discovery15/07/10
Petro Matad shares soar on more news from DT-1 oil discovery in Mongolia14/07/10
Petro Matad’s chances to find commercial oil on Block XX boosted - Westhouse13/07/10
Petro Matad finds oil in first Davsan Tolgoi exploration well in Eastern Mongolia24/06/10
Petro Matad reflects on important progress in 2009 as 2010 exploration advances in Mongolia23/06/10
Westhouse Securities comments on Petro Matad’s DT-1 well in Mongolia23/06/10
Petro Matad spuds Davsan Tolgoi-1 on XX block in Eastern Mongolia11/06/10
Petro Matad restarts Davsan Tolgoi operations as foot-and-mouth restrictions are lifted01/06/10
Petro Matad takes a breather after foot and mouth disease breaks out near drill location11/05/10
Petro Matad drilling at Davsan Tolgoi to restart shortly after winter shutdown24/03/10
Petro Matad appoints exploration manager to advance Mongolian oil projects22/02/10
Petro Matad draws down first US$3 mln tranche from EBRD to fund Mongolian projects04/02/10
Petro Matad finance director raises stake to 3.18% with 200,000 new shares05/01/10
Doug McGay of Petro Matad talks about additional exploration blocks and a drilling programme ready t05/11/09
Petro Matad biggest shareholder Petrovis raises stake to 45.88 pct22/10/09
Petro Matad engages Ansai Yuehua to drill Block XX in Mongolia17/09/09
PetroMatad completes latest fundraising28/08/09
Petro Matad opts for placement to fund Mongolian projects24/07/09
Petro Matad narrows interim losses and is ready to drill at Block XX, Mongolia08/07/09
Petro Matad unit wins 2 new PSCs from Mongolian Petroleum Authority30/06/09
Petro Matad biggest shareholder Petrovis raises stake in company24/06/09
Petro Matad biggest shareholder Petrovis to take up to 15 mln more shares10/06/09
Petro Matad plans 3 wells in 2009 at Block XX in Mongolia27/04/09
Petro Matad’s Doug McGay talks at Asian Advance Summit, Shanghai21/04/09
Hanson Westhouse says Petro Matad highly geared towards exploration success
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