News Results for Petro Matad (MATD)

  • 19 Sep
    07:52
    Spudding starts at Petro Matad's Gazelle-1 exploration well

    Mongolian oil explorer Petro Matad Limited said that spudding had started at Gazelle-1 exploration well in eastern Mongolia, a little earlier than previously forecast. Gazelle-1 would be drilled...

  • 17 Sep
    14:34
    Petro Matad exploration well in Mongolia disappoints

    Petro Matad said no hydrocarbon-bearing zones had been identified by a new exploration well in Mongolia. The Red Deer-1 well was drilled to a total depth of 2000 metres, on budget with a total...

  • 09 Sep
    07:32
    Petro Matad encouraged by results of Mongolia well

    Petro Matad said a new well in Mongolia had presented 'encouraging' results and would be subject to a testing programme. The Heron-1 well was drilled to 2960 metres, with the top Lower Tsagaantsav...

  • 20 Aug
    08:33
    Petro Matad makes permitting progress for Mongolia wells

    Petro Matad said that all processes for obtaining land permits related to the drilling of two wells in Mongolia had been completed, following delays. The company said it was now waiting on a final...

  • 14 Aug
    09:57
    Petro Matad gets Mongolia well back on track after land use dispute

    Petro Matad said it was preparing to start drilling a well in Mongolia after achieving verbal approval from local authorities that had been delaying its progress. The rig for the Heron-1 well had...

  • 05 Aug
    16:41
    UK stocks suffer worst fall so far this year

    UK stocks lost 2.3% at the close on Monday, their worst performance this year as concerns about rising trade tensions between the US and China continued to rock global markets. At 1630, the...

  • 05 Aug
    08:35
    Petro Matad postpones Mongolia drilling after government challenge

    Oil explorer Petro Matad said it had postponed the drilling of a well in Mongolia after a provincial government challenged its land-use rights. The first casing point of the Heron-1 well had been...

  • 19 Jul
    07:19
    Petro Matad commences drilling at Mongolia exploration well

    Petro Matad said that drilling had commenced on a new exploration well in Mongolia. The Heron-1 well in the Tamsag Basin was an appraisal of the T19-46 oil field and was being drilled with the DQE...

  • 26 Jun
    09:26
    Petro Matad completes drill site preparation for three Mongolia wells

    Mongolian oil explorer Petro Matad said it had completed drill sites for three new wells. The sites had been prepared for the Heron 1, Red Deer 1 and Gazelle 1 wells, for which water supply wells...

  • 17 Jun
    07:31
    Petro Matad losses deepen as it ramps up Mongolia exploration spending

    Mongolia-focused oil explorer Petro Matad booked a deeper annual loss, owing to a higher exploration bill. Pre-tax losses for the year through December amounted to $18.4m, compared to losses of...

  • 28 May
    07:48
    Petro Matad commences well site construction for Mongolia drilling campaign

    Mongolia-focused explorer Petro Matad said well site construction had commenced at its block XX prospect in the Asian nation. The well site work had commenced at the Heron 1 location and was...

  • 16 Apr
    07:51
    Petro Matad signs rig contracts for four-well campaign in Mongolia

    Mongolian oil explorer Petro Matad said it had signed contracts with DQE International for two rigs for its upcoming 2019 four-well drilling programme. The fully-funded programme remained on track...

  • 26 Nov
    08:13
    Petro Matad fails to find oil at new well in Mongolia

    Petro Matad said it hadn't discovered any oil from a new well in Mongolia. The Wild Horse 1 well was drilled to a total depth of 1,490 metres. The well encountered inter-bedded sands and shales...

  • 23 Oct
    07:54
    Petro Matad starts drilling new exploration well in Mongolia

    Petro Matad said it had started drilling the Wild Horse-1 exploration well in the Baatsagaan Basin in Western Mongolia. The well was targeting a substantial prospective resources of 480m barrels...

  • 01 Oct
    08:28
    Petro Matad completes site construction for new Mongolia well

    Mongolian-focused explorer Petro Matad said site construction for its Wild Horse 1 well was completed on Monday. The first trucks with rig loads had also departed the Snow Leopard well location...

  • 20 Sep
    07:49
    Petro Matad fails to find oil accumulations in Snow Leopard 1 well

    Petro Matad announced it did not find the oil accumulations hoped for in its Snow Leopard 1 well. The Snow Leopard-1 well, drilled in Petro Matad's 100% owned and operated Block V, and the first...

  • 07 Sep
    07:32
    Petro Matad losses deepen as it ramps up exploration spending

    Mongolian oil explorer Petro Matad posted a deeper first-half loss as it incurred higher exploration costs and paid more benefits to employees. Net losses for the six months through June amounted...

  • 11 Jul
    10:40
    Director Deals - Petro Matad Ltd (MATD)

    Dr Oyungerel Janchiv, Non Executive Director, sold 1,000,000 shares in the company on the 26th April 2018 at a price of 12.71p. The Director now holds 12,345,230 shares. NOTE: Average price over 3...

  • 04 Jun
    08:14
    Petro Matad swings to loss following Mongolia drilling delay

    Mongolia-focused oil explorer Petro Matad swung to an annual loss following drilling delays. Net losses amounted to $9.9m, compared to a profit in 2016 of $10.8m. The company had expected to...

  • 13 Feb
    07:25
    Petro Matad to kick off Mongolian drilling campaign in second quarter

    Petro Matad said it planned to drill the first well in a four-well program at its Mongolian acreage in the second quarter of 2018. The Wild Horse-1 well would be drilled using a...

  • 19 Jan
    13:03
    Petro Matad raises $16m for exploration drilling

    Mongolia-focused oil explorer Petro Matad has completed a $16m share issue, allowing it to fund up to four new wells. New shares in the company were issued at 6.5p each, representing an 11.5%...

  • 11 Jan
    08:10
    Petro Matad completes 3D survey in Tugrug Basin

    Petro Matad, the Mongolian oil explorer, has completed its 3D survey focused on defining and de-risking near term drilling targets within the Tugrug Basin. All the company's technical objectives...

  • 05 Jan
    08:11
    Petro Matad extends Mongolia contract

    Petro Matad said its Block XX production sharing contract in Mongolia has been extended by authorities for a further two years. "This is a very positive development and again indicates the support...

  • 01 Dec
    11:58
    FTSE falls amid Corbyn 'threat' to banks

    On Thursday evening, a speech by Labour leader Jeremy Corbyn rattled investors after he said he was a 'threat' to big banks. High street bank Barclays (BARC) fell 1.6% to 190.3p, while Lloyds...

  • 01 Dec
    08:20
    Petro Matad funding arrangement terminated

    Petro Matad said a share purchase and convertible securities deed with Bergen Global Opportunity Fund had been terminated by the parties by mutual consent. As a result of the termination, no...

  • 22 Nov
    09:52
    Petro Matad confirms CEO appointment

    Petro Matad's new CEO Mike Buck released a statement after the company confirmed that he had formally assumed the role today. "The under-explored basins of Mongolia comprise one of the last...

  • 21 Nov
    09:47
    Petro Matad concludes rig negotiations

    Petro Matad has concluded negotiations with Sinopec on a contract amendment for use of its drilling rig in a 2018 drilling campaign. Substantial commercial concessions were received as a result...

  • 25 Oct
    07:43
    Petro Matad appoints new CEO

    Petro Matad has appointed Michael Buck as its new chief executive. Buck has held senior roles at Ophir Energy, Salamander Energy and Eni, having started his career at Lasmo. Story...

  • 04 Oct
    09:48
    Petro Matad advances seismic campaign

    Petro Matad has signed a letter of intent with a division of China National Petroleum Co. to begin a 3D seismic programme in Monbgolia's Tugrug Basin. The planned 218km2 3D survey will focus on...

  • 11 Sep
    07:42
    Amarzul Tuul at Petro Matad to step down from the Board

    Petro Matad announced that executive director Ms Amarzul Tuul decided, for personal reasons, to step down from the company's Board with immediate effect. However, Petro Matad is pleased to...

  • 05 Jul
    09:54
    Petro Matad inks rig contract, identifies drilling targets

    Petro Matad Ltd has signed a comprehensive drilling contract with Sinopec International Petroleum Service Mongolia Co. Ltd and that the initial drilling targets had been selected. "I am very...

  • 05 Jul
    07:09
  • 31 May
    09:26
    Petro Matad awards drilling LOI for two wells in 2017

    Petro Matad has today awarded a Letter of Intent (LOI) to Sinopec Mongolia LLC for the drilling of up to two wells in 2017. The LOI was subject to completion of all contractual negotiations,...

  • 08 May
    16:42
    Oil and utility stocks advance on hopes of further OPEC action

    Stronger oil prices pushed utility and oil companies higher on a quiet day for corporate news, but at the last minute oil prices reversed. Brent crude oil retreated 0.7% to $48.73 per barrel. SSE...

  • 08 May
    07:13
    Petro Matad in financing agreement with Bergen

    Petro Matad has entered into a share purchase and convertible securities deed with Bergen Global Opportunity Fund, LP in connection with a staged private placement of up to $43.2m worth of new...

  • 08 May
    07:04
    FLASH: Petro Matad in financing agreement with Bergen

    Story provided by StockMarketWire.com

  • 21 Apr
    09:06
    Petro Matad notes PSC extensions for Blocks IV and V

    Petro Matad Ltd has received an official letter from the Mining Resources and Petroleum Authority of Mongolia (MRPAM) confirming intent to extend the PSC exploration periods for Blocks IV and V by...

  • 04 Apr
    13:19
    Petro Matad updates on drilling rig and services tender

    Petro Matad has confirmed that the evaluation process of the bids from the pre-qualified vendors for the drilling rig and services tender is at an advanced stage. The Company said it will announce...

  • 01 Feb
    09:03
    Petro Matad updates on Blocks IV and V

    Petro Matad said all contractual and regulatory requirements in relation to Shell affiliate company BG Mongolian Holdings Limited's exit from Blocks IV and V have been completed. Accordingly,...

  • 27 Jan
    15:55
    Oil, Gas Roundup

    Petro Matad Ltd (LON:MATD) was the sector's biggest faller - down more than 15.7% in late trading - after it said that in preparation for its drilling programme in Blocks IV and V, expected to...

  • 27 Jan
    09:28
    Petro Matad notes release of rig tender, issues update

    Petro Matad Ltd said that in preparation for its drilling programme in Blocks IV and V, expected to commence in mid-2017, it has today issued a tender for a drilling rig and related services. In...

  • 18 Jan
    16:09
    Oil, Gas Roundup

    Urals Energy's (LON:UEN) oil production totalled 756,690 barrels in 2016 and the board has started to investigate potential partnerships to finance and share risk in the execution of its...

  • 16 Jan
    15:57
    Oil, Gas Roundup

    Global Energy Development (LON:GED) was the sector's biggest faller after it conditionally agreed to purchase 11 offshore subsea service vessels and a barge vessel as it seeks to adopt a new...

  • 13 Jan
    16:19
    Oil, Gas Roundup

    LGO Energy (LON:LGO) unit Compania Petrolifera de Sedano has started to temporarily suspend operations at Ayoluengo with a view to suspension being complete by the end of January. The oil...

  • 12 Jan
    14:08
    Petro Matad notes share price rise

    Petro Matad has noted the recent movement in the company's share price and confirmed that there is nothing further to update since the company's update on 10 January. At 2:08pm: (LON:MATD) Petro...

  • 10 Jan
    16:02
    Oil, Gas Roundup

    Serica Energy (LON:SQZ) said a strong second-half operational performance from the Erskine field, boosted by much improved commodity prices and favourable exchange rate movements, has helped the...

  • 10 Jan
    07:43
    Petro Matad expects Shell payment within 2 weeks

    Petro Matad said, further to its announcement on Dec. 15, 2016, the $5m to be paid by Shell following the approval by the Mongolian government of the reassignment of Interest in Blocks IV and V,...

  • 10 Jan
    07:07
    FLASH: Petro Matad expects Shell payment within 2 weeks

    Story provided by StockMarketWire.com

  • 15 Dec
    16:02
    Oil, Gas Roundup

    Chariot Oil & Gas (LON:CHAR) says it has continued to progress and enhance its portfolio over the past 12 months while protecting its position in challenging market conditions. It says that...

  • 15 Dec
    09:34
    Petro Matad updates on Blocks IV and V

    Petro Matad announces the receipt of Mongolian Government approval of the reassignment of the interests in Blocks IV and V. Shell is being advised of the approval of the reassignment of...

  • 09 Dec
    15:54
    Oil, Gas Roundup

    Petro Matad (LON:MATD) was the sector's biggest faller - down by more than 18.5% in late trading. The company said it noted the recent movement in the company's share price and can confirm that...

  • 06 Dec
    15:59
    Oil, Gas Roundup

    Independent Resources (LON:IRG) - the sector's biggest faller, down by more than 20.2% in late trading - has conditionally raised up to £766,596 of new finance, before expenses, through the placing...

  • 02 Dec
    16:18
    Oil, Gas Roundup

    Quadrise Fuels International (LON:QFI) - the emerging supplier of MSAR emulsion technology and fuel - has confirmed that all resolutions proposed at its annual general meeting today were passed....

  • 22 Nov
    16:00
    Oil, Gas Roundup

    Europa Oil & Gas's (LON:EOG) proposed sale of a 3.34% working interest in PEDLs 180 and 182 in North Lincolnshire to Union Jack Oil for a cash consideration of £600,000 has been approved by...

  • 16 Nov
    16:14
    Oil, Gas Roundup

    Petro Matad (LON:MATD) said, with results of the data acquired during the 2015-2016 exploration work programme, it has significantly upgraded its prospective basin portfolio. "The current data...

  • 16 Nov
    09:25
    Petro Matad upgrades prospective basin portfolio

    Petro Matad said, with results of the data acquired during the 2015-2016 exploration work programme, it has significantly upgraded its prospective basin portfolio. "The current data coverage in...

  • 10 Nov
    16:07
    Oil, Gas Roundup

    Urals Energy (LON:UEN) has confirmed that all resolutions proposed at its annual general meeting today were duly passed. Urals says that following today's approval by shareholders, the board will...

  • 10 Nov
    15:11
    Petro Matad schedules AGM

    Petro Matad will hold its annual general meeting at Blue Sky Tower, Topaz Conference Hall, Peace Avenue 17, Sukhbaatar District, Ulaanbaatar, Mongolia, on 9 December at noon (local time). At...

  • 03 Nov
    07:08
    FLASH: Petro Matad issues operational update

    Story provided by StockMarketWire.com

  • 20 Sep
    16:19
    Oil, Gas Roundup

    Nighthawk Energy's (LON:HAWK) shares jumped after it reached a global settlement of all litigation and claims arising out of agreements with Running Foxes Petroleum and related issues with RFP's...

  • 26 Aug
    07:20
    Petro Matad swings to H1 pretax profit

    Petro Matad has swung to an H1 pretax profit of $93,000, from a year-ago loss of $1.7m. In the just-finished period the company enjoyed $4.8m of other income, from $1000. The profit recorded...

  • 26 Aug
    07:08
    FLASH: Petro Matad swings to H1 pretax profit

    Story provided by StockMarketWire.com

  • 05 Aug
    15:46
    Oil and gas roundup

    Magnolia Petroleum (MAGP) said it has total net proved and developed producing reserves of 133.31 Mbbl of oil and condensate and 580.67 MMcf gas as of 1 July 2016. The company said new wells were...

  • 30 Jun
    16:18
    Oil, Gas Roundup

    Petro Matad (LON:MATD) reports a net loss after tax of $0.19 million for the year to the end of December compared with a loss of $3.940 million in 2014. During the year the group focused on...

  • 30 Jun
    16:11
    Petro Matad net losses narrow

    Petro Matad reports a net loss after tax of $0.19 million for the year to the end of December compared with a loss of $3.940 million in 2014. During the year the group focused on exploration...

  • 19 May
    15:58
    Oil, Gas Roundup

    EnQuest's (LON:ENQ) production averaged 42,752 barrels of oil equivalent per day for the four months to the end of April - up 39% on 2015. Average production in April was 45,933 boepd, benefitting...

  • 05 May
    16:06
    Oil, Gas Roundup

    LGO Energy (LON:LGO) - one of the sector's biggest fallers yesterday - suffered the biggest decline today with its shares down by more than 24.5% in late trading. LGO was one of two double-digit...

  • 04 May
    15:55
    Oil, Gas Roundup

    Xtract Resources (LON:XTR) was one of the sector's biggest fallers after it provided an operational update for the Chepica Gold Mine in Chile, including financial information, for the three months...

  • 03 May
    15:52
    Oil, Gas Roundup

    Caza Oil & Gas (LON:CAZA) was one of the sector's biggest fallers after it announced that shareholders had approved the share consolidation and cancellation of its listing on the London Stock...

  • 29 Apr
    17:14
    FTSE skids to multi-week lows as global markets fall

    London stocks finished at multi-week lows, thanks to a pall cast by a falling Europe as inflation data disappointed, and Wall St ebbing on a palette of economic news. Crude was near 2016 highs and...

  • 29 Apr
    15:56
    Oil, Gas Roundup

    Petro Matad's (LON:MATD) shares jumped after it announced that Shell, through its affiliate company, had issued an exit notice to the company's 100% owned subsidiary, Central Asian Petroleum...

  • 29 Apr
    12:33
    Shell to exit Blocks IV and V in Mongolia

    Petro Matad (MATD) has announced that Shell (RDSA), through its affiliate company, has issued an Exit Notice to the Company's 100% owned subsidiary, Central Asian Petroleum Corporation Limited....

  • 05 Feb
    16:10
    Oil, Gas Roundup

    Bahamas Petroleum Co's (LON:BPC) shares jumped after it said it was pleased to announce that the Petroleum Bill and associated regulations, as well as a Sovereign Wealth Fund Bill, have been passed...

  • 05 Feb
    10:03
    Petro Matad passes resolutions at AGM

    Petro Matad said all resolutions put to its AGM today were duly passed. At 10:03am: (LON:MATD) Petro Matad Ltd share price was +0.13p at 2.38p Story provided by StockMarketWire.com

  • 03 Feb
    17:07
    FTSE dives after financials on confluence of jitters

    UK blue chips dived this afternoon as traders reacted to downbeat European macro data, an on-going crude supply glut and lingering concerns about China's economic health. Financial stocks of all...

  • 03 Feb
    16:12
    Oil, Gas Roundup

    Petro Matad (LON:MATD) was the sector's biggest faller following an operational update which said it was pleased with progress being achieved and the data quality observed to date in its FTG and...

  • 03 Feb
    09:09
    Petro Matad gives operational update

    Petro Matad said it is very pleased with the operational progress being achieved and the data quality observed to date in the Company's FTG and seismic acquisition programmes. "I am confident...

  • 29 Oct
    07:10
    FLASH: Petro Matad very pleased with operational progress

    Story provided by StockMarketWire.com

  • 13 Aug
    15:30
    Oil, Gas Roundup

    Soco International (SIA) said first oil and gas from the H5 Wellhead Platform (H5-WHP) of the Te Giac Trang (TGT) field occurred on Aug. 10 following perforation of the first of the H5 development...

  • 13 Aug
    09:24
    Petro Matad awards 2D data acquisition contract

    Petro Matad confirms the award of a contract to Khet Co for the acquisition of circa 2000 kilometres of 2D seismic in Blocks IV and V, central Mongolia. The programme will begin mid-September after...

  • 07 Aug
    13:38
    Petro Matad looks to optimise exploration work

    Petro Matad has awarded a contract to Bellgeo Enterprises for the provision of airborne full tensor gradiometry data acquisition and processing services. The programme, which will begin next...

  • 07 Aug
    07:11
  • 27 Jul
    09:00
    Director Deals - Petro Matad Ltd (MATD)

    Dr Oyungerel Janchiv, Chairman, has transferred in 498,380 shares in the company on the 27th July 2015 at a price of 0.00p. The Director now holds 19,305,446 shares. NOTE: Issue of new shares...

  • 27 Jul
    09:00
    Director Deals - Petro Matad Ltd (MATD)

    Enkhmaa Davaanyam, Non Executive Director, has transferred in 498,380 shares in the company on the 27th July 2015 at a price of 0.00p. The Director now holds 4,888,400 shares. NOTE: Issue of new...

  • 27 Jul
    09:00
    Director Deals - Petro Matad Ltd (MATD)

    Dr Philip Vingoe, Non Executive Director, has transferred in 498,380 shares in the company on the 27th July 2015 at a price of 0.00p. The Director now holds 1,496,760 shares. NOTE: Issue of new...

  • 27 Jul
    09:00
    Director Deals - Petro Matad Ltd (MATD)

    Ridvan Karpuz, Executive Director, has transferred in 498,380 shares in the company on the 27th July 2015 at a price of 0.00p. The Director now holds 1,946,209 shares. NOTE: Issue of new shares...

  • 27 Jul
    09:00
    Director Deals - Petro Matad Ltd (MATD)

    John Henriksen, Financial Director, has transferred in 263,030 shares in the company on the 27th July 2015 at a price of 0.00p. The Director now holds 1,083,258 shares. NOTE: Issue of new shares...

  • 20 Jul
    16:01
    Oil, Gas Roundup

    Tullow Oil's (LON:TLW) shares fell after it said gas export from the Jubilee field to the Ghana Gas plant at Atuabo has been suspended since 3 July due to technical issues with gas compression...

  • 17 Jul
    07:15
    MATD's bosses

    Petro Matad has appointed Enkhmaa Davaanyam as Non-Executive, non-independent Chairperson and Ridvan Karpuz as Chief Executive Officer. Davaanyam's appointment is effective 1 August 2015 and...

  • 17 Jul
    07:05
    FLASH: Petro Matad appoints Chairman, CEO

    Story provided by StockMarketWire.com

  • 29 Jun
    16:04
    Oil, Gas Roundup

    Xtract Resources (LON:XTR) was one of the sector's biggest fallers after completing a share placing to raise £4.4m and signing an agreement to acquire 100% of the Fair Bride open pit gold...

  • 29 Jun
    09:29
    Petro Matad narrows FY pretax loss

    Petro Matad has narrowed its FY pretax loss from continuing operations to $3.9m, from a loss of $7.5m. Most of the loss was due to expenses outweighing total revenue. At 9:29am: (LON:MATD) Petro...

  • 29 Jun
    07:20
    FLASH: Petro Matad narrows FY pretax loss

    Story provided by StockMarketWire.com

  • 22 Jun
    07:08
    FLASH: Petro Matad Ltd updates on farm-out, operations

    Story provided by StockMarketWire.com

  • 11 Jun
    16:04
    Oil, Gas Roundup

    LGO Energy (LON:LGO) shares were up in late trading after it confirmed the presence of recoverable hydrocarbons from both the Goudron and C-sand intervals at the Goudron GY-674 development well....

  • 11 Jun
    07:25
    Petro Matad says Mongolia approves farmout

    Petro Matad said the Government of Mongolia has formally approved the farmout of a portion of Petro Matad's participating interests in Blocks IV and V in Central Mongolia. The key terms of the...

  • 11 Jun
    07:13
    FLASH: Petro Matad says Mongolia approves farmout

    Story provided by StockMarketWire.com

  • 17 Apr
    09:25
    Director Deals - (MATD)

    Dr Oyungerel Janchiv, Chairman, has transferred in 498,380 shares in the company on the 17th April 2015 at a price of 0.00p. The Director now holds 18,807,066 shares. NOTE: New shares issued under...

  • 17 Apr
    09:25
    Director Deals - (MATD)

    Dr Oyungerel Janchiv, Chairman, has transferred in 498,380 shares in the company on the 17th April 2015 at a price of 0.00p. The Director now holds 18,807,066 shares. NOTE: New shares issued under...

  • 17 Apr
    09:25
    Director Deals - (MATD)

    Dr Oyungerel Janchiv, Chairman, has transferred in 498,380 shares in the company on the 17th April 2015 at a price of 0.00p. The Director now holds 18,807,066 shares. NOTE: New shares issued under...

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