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6th Mar 2025 13:48
Petro Matad Ltd - petroleum exploration, development and production company focused on projects in Mongolia - Says the Block XX exploitation area, which contains its producing Heron oilfield, has been confirmed as state special purpose land. The Minister of Industry & Mineral Resources secured the signature from the Provincial Governor on the tripartite agreement. The certificate was issued by the Central Land Agency. The status means it is now the responsibility of the Ministry of Industry & Mineral Resources to secure all land access required for operations within the area. Read More
(Alliance News) - Petro Matad Ltd on Thursday said it has limited production at its Heron-1 well in its Block XX production sharing contract area in Eastern Mongolia amid safety concerns, and has suspended production at its Heron-2 well while it evaluates initial data. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Petro Matad Ltd on Monday celebrated the spudding of the Gobi Bear-1 exploration well, which is located in the Tamsag Basin in eastern Mongolia. Read More
(Alliance News) - Petro Matad Ltd on Monday said it spudded the Heron-2 development well in the Tamsag Basin on Sunday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Petro Matad Ltd on Tuesday celebrated the start of completion operations at its Heron-1 oil discovery in Mongolia. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Petro Matad Ltd - petroleum exploration, development and production in Mongolia - Plans to raise USD8.5 million via a placing and subscription by a director and shareholder for new shares at 2.0 pence each. In addition, plans to raise USD500,000 via retail offer at the same price. The placing will be effected by way of an accelerated bookbuild. Read More
Petro Matad Ltd - petroleum exploration, development and production in Mongolia - Pretax loss in 2023 widens to USD5.9 million from USD2.9 million a year prior. Revenue totals USD351,000, up from USD201,000 before. Exploration and evaluation expenditure rises to USD2.2 million from USD137,000. Says preparations are being finalised for completion of the Heron 1 well and the contractor has indicated that it should be ready to mobilise in July. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Petro Matad Ltd on Tuesday said that a "slow bureaucratic process" to complete a special land purpose certification has caused delays for its planned Heron-1 operations in Mongolia. Read More
(Alliance News) - Petro Matad Ltd on Thursday said its loss widened in the first half as it looks to progress with its exploration projects. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Petro Matad Ltd on Monday said it will abandon the Velociraptor-1 well in Central Mongolia as all reservoirs encountered were water bearing. Read More
(Alliance News) - Stock prices in London opened mostly in the red on Monday, following more weak Chinese economic data, and ongoing concerns about how much further interest rates will rise. Read More