Company
Petro Matad Limited
LON:MATD
Petro Matad Limited is focused on oil exploration as well as future development and production in Mongolia. The company holds a 100% working interest and the operatorship of two Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 218 square kilometres in the far eastern part of Mongolia and Block V has an area of 7,937 square kilometres in the central-western part of the country.
93 stories
Petro Matad's shares drop as China's Covid restrictions impact oil rigs
Petro Matad said it could advance its Block XX Exploitation Area without local land use approvals following a directive from the Mongolian government
Petro Matad continues to wait for permitting progress in Mongolia
Interim results meanwhile confirm it has cash to remain in "operationally ready" until mid-2021.
Proactive oil and gas weekly highlights: Petro Matad, SDX Energy, Anglo African Oil & Gas
A look back at the events we reported on this week in the oil and gas sector
Petro Matad shares soar on Heron well results
"The test results at Heron-1 are even better than we expected given that the well is deep in the basin centre,” said Mike Buck.
Petro Matad starts testing operations at Heron-1
If required, reservoir stimulation equipment is in Block XIX and is readily available.
Archive
Malcy's Blog: Oil price, Petro Matad, Block Energy
Malcy's Blog: Oil price, Petro Matad, Block Energy
Petro Matad reveals Red Deer exploration well is ‘dry’
Attention quickly switches to the upcoming of the Heron well testing programme and the planned Gazelle drill programme.
Archive
Touchstone Exploration rallies on upbeat drilling results from Trinidad and Tobago gas well
A look at some of the top risers and fallers in London today
Petro Matad inks two-rig deal for 2019 drill programme
“The contracts secured allow for simultaneous drilling of prospects and immediate appraisal in the event of a discovery which could be transformational for the company"
Petro Matad presents plenty of bang for buck with lower risk appraisal as well as high impact exploration
Investors can look forward to an active drill programme through 2019, and, at a current price of around 3p, analysts suggest the shares may be at bargain basement levels
Petro Matad sets sights on Raptor prospects as it weighs plans for 2019
“The ongoing evaluation of the 2018 drilling results has generated some exciting possibilities for follow up in Block V,” said Mike Buck
Petro Matad shares slump as Wild Horse well disappoints
"The Wild Horse 1 result is clearly disappointing but this was too big a structure to leave undrilled”
Petro Matad kicks off Wildhorse exploration well in Mongolia
The drilling is expected to run for 30 to 45 days, taking the programme into the winter operating window
Archive
Small cap movers: Hornby sparkles as it inks Harry Potter franchise deal with Warner Bros
A look back at some of the more interesting stories from the junior market over the past week
Petro Matad updates on Mongolia exploration wells
Drilling is ongoing in Block V but plans for Block XX are being delayed
Petro Matad shares easier as Snow Leopard exploration well programme kicks off
Snow Leopard is the first of four planned exploration wells for Petro Matad - which has not had a drill campaign for several years
Petro Matad raises £13.7mln to fund new well programme
“Petro Matad is now well capitalised to execute a six well exploration drilling programme"
Petro Matad updates on exploration ahead of 2018 drill programme
Petro Matad is looking forward to a new drill programme later this year, targeting the Snow Leopard and Wild Horse prospects
Quiz shares strut higher as annual revenues jump
A look at some of the top risers and fallers in London today
Petro Matad counting down to start of new exploration drill campaign in Mongolia
Petro Matad is advancing towards “one of the highest impact drilling campaigns” by an independent explorer in Mongolia
Boohoo shares edge lower as margins ease over Christmas trading period
A look at some of the top risers and fallers in London today
Petro Matad extends Block XX contract
"Block XX contains considerable prospectivity close to Petro China's production infrastructure which is in operation immediately to the North"
Archive
Lansdowne Oil & Gas lead rising exploration stocks on quiet session
Proactive takes a look at what's moving on Thursday December 28.
Petro Matad hires Michael Buck as new CEO
"The company is fortunate that a candidate of Mike Buck's calibre and experience has agreed to join Petro Matad as CEO"
Petro Matad to keep busy with seismic as investors wait on 2018 drill campaign
Petro Matad said the seismic programmes are designed to inform future drilling decisions and allow specific leads and prospects to be ‘high-graded’ for 2018/19
Petro Matad shares rise as it moves forward with seismic plans
A new seismic programme sets out to identify new targets for a future drill programme
Investments and investor services
Future PLC raises expectations as chairman signals intention to bow out
Peter Allen will not be going back to the Future board room after February's AGM
SMALL-CAP MOVERS: Jet-propelled Velocys turning rubbish into aircraft fuel
The performance of the AIM All Share this week can best be described as lacklustre with the index off 0.17% as it underperformed the FTSE 100, which was up 0.8% in that time
Swallowfield and Yü Group shares rise, while Metals Exploration languishes
Petro Matad was the morning's standout loser, with its shares losing more than 35%, meanwhile, in the blue-chip market the supermarkets were moving higher.
Archive
Proactive Weekly Oil & Gas Round-up: Victoria Oil & Gas, 88 Energy, Highlands Natural Resources ...
A look at the world of small cap oil and gas news this week
Petro Matad shares rise as funding amendment eases equity dilution
An interest-free convertible will replace monthly equity tranches until October
Archive
Proactive Weekly Oil & Gas Round-up: Petro Matad, Hurricane Energy, Sound Energy ...
A look at the world of small cap oll and gas news this week
Bullish updates give a boost to resource minnows President Energy and Empryean Energy
A look at some of the biggest risers and fallers among London-listed small cap stocks
Petro Matad soars as Sinopec signs up for Mongolia exploration drilling
Sinopec's services arm will carry out the drilling for Petro Matad's planned Snow Leopard and Wild Horse exploration wells, with the programme starting in September.
Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Archive
Proactive weekly oil and gas news - 88 Energy Ltd, Petro Matad Ltd, Egdon Resources and more
A look at the world of small cap oll and gas news this week
Petro Matad rallies on Mongolian licence extension
Risers and fallers: DFS, Next, ANGLE boosted by Barts research, Starcom wins container order, Sprue Aegis delivers bullish AGM
Petro Matad gets formal approval to extend exploration projects in Mongolia
The Mongolia focussed oil explorer now has more time to meet its work obligations for the IV and V production sharing contracts.
Petro Matad to raise up to US$45mln for exploration in Mongolia
“This funding secures our firm work programme for 2017 and 2018 comprising 4 exploration wells and up to 300 km2 of 3D seismic acquisition.”
Magnificent #7: These AIM oil stocks have at least doubled in 2017 so far
Small caps need action because investors need opportunities to speculate
Petro Matad shares rise as Shell exit payment is now expected in matter of days
The AIM quoted exploration group intends to drill two wells in Mongolia during 2017, and it is pursuing a fresh farm-out to bring in a new partner.
Dunelm in bargain bin as brokers turn bearish
The main share price rises and falls in London at 3.30 pm
Edenville fired up by start of coal production at Rukwa
Edenville is now confident there is a market for its coal
Archive
Proactive news round-up: H&T Group, Akers Biosciences, LGO Energy ...
A glance at some of the stories on the Proactive newswire today.
Petro Matad on track for 2017 drilling but it still waits on Shell exit payment
The explorer is working to secure a new partner for wells in Mongolia, following Shell's exit, and it says plans for 2017 drilling is still on track despite a delay in receiving a US$5mln payment.
Risers & Fallers: Aldermore, ASA Resource, Iofona, Petro Matad, Polemos, Vast Resources
Paternoster Resources has taken a big stake in Polemos, which has done wonders for the latter's share price, but not Paternoster's
Investments and investor services
Small Cap highlights Avanti Comms, Zambeef, SolGold, Peto Matad, TechFinancials and others
What was hot and what was not ... last week on London's AIM market
London top shares hit 14-month highs, mid-caps pre-Brexit levels after Wall St gains on NFP
London’s blue-chip shares advanced to 14-month highs on Friday and mid-caps reclaimed pre-Brexit levels as investors continued to lap up UK monetary easing and built on that with news that Wall Street’s S&P 500 hit a fresh record high after
Trending - RBS and the delay on passing on rate cut
UK taxpayer funded banks have so far reportedly refused to pass the rate cut on
Petro Matad rockets as Shell agrees to US$15mln pay off
Petro Matad will received US$15mln of cash, and will again hold 100% of exploration blocks IV and V.
Investments and investor services
Risers & Fallers: Benchmark, Blenheim Natural Resources, CloudCall, Esure, On the Beach, RBS
Cloudcall and Benchmark rise after issuing shares at a premium while Blenheim advances after subscribing for shares in some other company's placing
Archive
Proactive small cap wrap - Roller coaster week for London juniors
After a major sell-off on Monday amid the chaos and recrimination of last week’s referendum result, the momentum has been upward ever since.
London stocks hit August highs as Bank of England hints at summer rate cut
London’s FTSE100 staged a dramatic recovery late in the Thursday session to close higher along with small-cap stocks after the Bank of England said it might cut historically low rates even further in the wake of Britain’s surprise Brexit re
Risers and fallers: Akers Biosciences, Infrastrata, Petro Matad ...
A look at some major movers at around 3.30pm on Thursday.
Investments and investor services
Risers & Fallers: Alba Minerals, Daily Mail, Onzima, Pan African, SDX Energy, UK Oil & Gas
Daily fail. The owner of the popular tabloid saw half-year profits slump 11% from a year earlier.
Growth stocks sit and watch as blue-chips get battered
Results from Sainsbury disappointed while BHP Billiton tumbles after it emerged penalties associated with the Samarco dam disaster could be heavier than anticipated.
UK shares lower but Forbidden Technologies goes higher on deal news
Sainsbury's reports a 14% fall in profits, while Next suffers too, Forbidden Technologies shares go higher
Aim stocks slide but evade the Footsie carnage
While the FTSE 100 finished at 6,186, down 56 points, shares on London's junior market fared somewhat better.
Small caps outpace FTSE100 at lunch; Rose Petroleum big riser
Contrary to what the spreadbetters foresaw, Footsie was well down at lunch but small caps were rising higher.
Risers & fallers: BT, Premier African, Anglo-American
Main share price risers and fallers in London at 9.30am
Investments and investor services
Proactive news summary: Alexander Nubia, Dragon Oil, Eland, Golden Saint, Kincora, Petro Matad....
Mongolia is in focus today ... and it is not often you can say that
Investments and investor services
Footsie in wait-and-see mode ahead of US jobs report
The US jobs report could give a pointer to when the starting pistol will be fired on the cycle of interest rate rises
Archive
FTSE 100 eases lower ahead of US employment data
Footsie was twelve points lower at 6,735 aged of non-farm payrolls.
Petro Matad prepares for airborne programme in Mongolia
It is designed to unearth targets for future exploratiion drilling
FTSE fades after US jobs data
The top-share index saw the week's gains roughly halved
Archive
Risers & Fallers, including Rambler, Petro Matad, PeerTV , Strategic Minerals , Optibiotix and more
Rambler Metals rose after it completed its pre-feasibility study.
Petro Matad unveils changes at the top
Petro Matad shares nudged higher as it named two new roles....
Investments and investor services
Proactive news summary: Gemfields, Savannah, ReNeuron, Rambler, Stride, Sierra Rutile and more
It was a busy day in the world of small caps with a lot of companies taming up.
Petro Matad gets cash injection from BG
BG has now received 78% of Blocks IV and V in Mongolia