LONDON BRIEFING: BT CEO Philip Jansen to step down next year
10th Jul 2023 07:47
(Alliance News) - Stocks in London are called lower on Monday, after soft economic data from China pointed to a weak demand outlook. Read More
(Alliance News) - Stocks in London are called lower on Monday, after soft economic data from China pointed to a weak demand outlook. Read More
(Alliance News) - Stock prices in London were firmly in the red at midday as the latest meeting minutes from the US Federal Reserve pointed to interest rates in the world's largest economy remaining higher for longer. Read More
Petro Matad Limited - Douglas, Isle of Man-based petrolem exploration company focused on Mongolia - Says the cabinet of the Mongolian government has approved the certification of the Block XX Exploitation area, which includes the Heron oil discovery, as special purpose land. The cabinet approves certification and instructed officials to conclude the follow up formalities required under the land law. Petro Matad will now work with central land agency and local authorities to complete the registration of the area and sign necessary contracts. Read More
(Alliance News) - Petro Matad Ltd on Wednesday said it has successfully spudded a well in the Taats Basin of Block V, located in central Mongolia. Read More
Petro Matad Ltd - Isle of Man-based, Mongolia-focused parent company of a group focussed on oil exploration and which owns and operates two production sharing contracts with the Mongolian government - Expects rig arrival and Velociraptor 1 spud during the first half of June. Starts mobilisation site construction equipment to the Velociraptor 1 well location. Says the Velociraptor 1 well is expected to reach the prognosed total depth of about 1500 metres in 30 days following which the well will be logged and the results evaluated. All permits are in place for Velociraptor 1 and the contingent appraisal drilling. 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) - Petro Matad Ltd on Tuesday said that while it was pleased to see progress towards certifying one of its licences in Mongolia, the process was still proving much slower than initially advised. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Petro Matad Ltd - Isle of Man-based, Mongolia-focused parent company of a group focussed on oil exploration, which owns and operates two production sharing contracts with the Mongolian government - Raises USD6.0 million from placing and subscription of 195.1 million shares at a price of 2.5 pence each. Says shareholder Petrovis Matad Inc buys 32.5 million subscription shares for total USD1.0 million. Petro Matad Chief Executive Officer Mike Buck buys 813,008 subscription shares for USD25,000. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. 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 Monday celebrated progress towards registering its Block XX Exploitation Area as special purpose land, following a year of delays over access issues. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. 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
Petro Matad Ltd - Douglas, Isle of Man-based petroleum exploration company focused on Mongolia - Narrows pretax loss in 2021. Pretax loss shrinks to USD2.1 million from USD3.2 million in 2020. Exploration and evaluation expenditure narrows to USD114,000 in 2021 from USD433,000. Read More
Petro Matad Ltd - petroleum exploration company focused on Mongolia - Announces suspension of oil export to China and drilling in Mongolia due to Covid restrictions in China. China is increasing its Covid-19 related lockdowns and travel restrictions, Petro Matad says. This is impacting the oil exploration firm as it relies on cross-border trade, including oil field service providers, it adds. It is not producing any oil currently as "there are no Chinese oil rigs operating in Mongolia at the moment," the company explains. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
Petro Matad Ltd - Isle of Man, UK-based petroleum exploration company focused on Mongolia - Says that the availability of drilling equipment and crews for the drilling of additional Heron wells has not been confirmed by the contractors. Explains that the drilling contractor along with the other service providers have been impacted by Covid-related travel restrictions. These, it continues, are due mainly to the restrictions imposed by China. Says it will continue to push the service providers to confirm a timeframe for its drilling programme. Read More