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
(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