Petro Matad Limited

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Market Cap:
£54.47 m
52 weeks high
52 weeks low

Viewing results 1-25 of 166


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"...

on 16/4/19

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...

on 23/1/19

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...

on 10/1/19

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” ...

on 26/11/18

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...

on 23/10/18

Petro Matad updates on Mongolia exploration wells

Drilling is ongoing in Block V but plans for Block XX are being delayed...

on 7/9/18

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...

on 10/7/18

Petro Matad raises £13.7mln to fund new well programme

“Petro Matad is now well capitalised to execute a six well exploration drilling programme"...

on 14/6/18

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...

on 12/4/18

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...

on 13/2/18

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"...

on 5/1/18

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"...

on 25/10/17

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...

on 24/10/17

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...

on 4/10/17

Petro Matad shares rise as funding amendment eases equity dilution

An interest-free convertible will replace monthly equity tranches until October...

on 15/8/17

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....

on 5/7/17

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....

on 15/6/17

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.”...

on 8/5/17

Magnificent #7: These AIM oil stocks have at least doubled in 2017 so far

Small caps need action because investors need opportunities to speculate...

on 16/4/17

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....

on 18/1/17

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....

on 10/1/17

Is this £11mln market cap junior really sitting on 23bn barrels of oil?

The numbers suggest this tiny oiler may have tapped into a super-major oil field....

on 16/11/16