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.
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.
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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