Magnificent #7: These AIM oil stocks have at least doubled in 2017 so far
Small caps need action because investors need opportunities to speculate
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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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