Get Live Data

Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners
Tribe Technology set to deliver healthy pipeline of orders from Tier-One minersView Video
Andrada Mining acquisition elevates the miner to emerging mid-tier status
Andrada Mining acquisition elevates the miner to emerging mid-tier statusView Video

Latest Share Chat

  2. Share Prices
  3. Petro Matad Share Price
  4. Petro Matad Share News
  5. IN BRIEF: Petro Matad plans USD9.0 million fundraise to fund Heron-1

Pin to quick picksPetro Matad Share News (MATD)

Petro Matad Information

Share Price Information for Petro Matad (MATD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.325
Bid: 2.30
Ask: 2.35
Change: -0.05 (-2.08%)
Spread: 0.05 (2.174%)
Open: 2.41
High: 2.45
Low: 2.35
Prev. Close: 2.40
MATD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Petro Matad plans USD9.0 million fundraise to fund Heron-1

Tue, 25th Jun 2024 19:00

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.

Chief Executive Mike Buck intends to subscribe for new shares worth USD100,000 and Petrovis, the company's largest shareholder, intends to subscribe for shares worth USD1.0 million.

The net proceeds will primarily be used to complete and put Heron-1 on production, drill, complete Heron-2 and put on production, drill the Gobi-Bear 1 exploration well and develop renewable energy projects.

Current stock price: 3.75 pence

12-month change: up 1.4%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
26 Nov 2018 10:36

Petro Matad Shares Drop On Disappointing Baatsagaan Drilling Results

LONDON (Alliance News) - Petro Matad Ltd on Monday said no oil shows were observed in the Wild Horse 1 well, located in block IV of the Baatsagaan basin, southern Mongolia.Petro Matad were

Read more
26 Nov 2018 09:49

Petro Matad tumbles after Wild Horse proves dry

(Sharecast News) - Mongolia-focussed oil and gas outfit Petro Matad plummeted on Monday after its Wild Horse well failed to find hydrocarbons.

Read more
23 Oct 2018 10:29

Petro Matad Spuds Wild Horse-1 Well, Targets Mongolian Oil Resource

LONDON (Alliance News) - Mongolian oil explorer Petro Matad Ltd said on Tuesday it has spud the Wild Horse-1 exploration well in the Baatsagaan Basin in Block IV, western Mongolia.The total

Read more
1 Oct 2018 12:32

Petro Matad Says Operations At Wild Horse Remain On Track

LONDON (Alliance News) - Mongolia focused Petro Matad Ltd said Monday its operations at its "very exciting" prospect Wild Horse-1 continue to progress on track.Shares in Petro up

Read more
20 Sep 2018 12:57

UPDATE: Petro Matad Plunges As It Fails To Find Oil At Snow Leopard

LONDON (Alliance News) - Shares in Petro Matad Ltd fell on Thursday after the oil explorer said it did not find oil or gas accumulations at its Snow Leopard 1 Well, located in were trading down at

Read more
20 Sep 2018 10:59

Petro Matad Plunges As It Fails To Find Oil At Snow Leopard Well

LONDON (Alliance News) - Shares in Petro Matad Ltd fell on Thursday after the oil explorer said it did not find oil or gas accumulations at its Snow Leopard 1 Well, located in were trading down at

Read more
20 Sep 2018 10:30

WINNERS & LOSERS SUMMARY: Rio Tinto Up On Plan To Return Sale Proceeds

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Rio up 1.9%.

Read more
7 Sep 2018 10:41

Petro Matad losses widen as it cashes up for planned operations

(Sharecast News) - Mongolian oil explorer Petro Matad released its unaudited interim results for the six months ended 30 June on Friday, reporting a loss of $6.65m, widening from $2.52m for the comparable period last year.

Read more
7 Sep 2018 10:15

Petro Matad Loss Widens, Contractor Issues Delay Block XX Drilling

LONDON (Alliance News) - Mongolia-focused oil explorer Petro Matad on Friday said its loss widened in the fist half of the year on a range of increased expenses.The company's USD6.7 was

Read more
24 Jul 2018 12:44

Petro Matad Non-Executive Director Oyungerel Janchiv Steps Down

LONDON (Alliance News) - Petro Matad Ltd on Tuesday said Non-Executive Director Oyungerel Janchiv intends to retire after the annual general meeting scheduled on September 20 to spend more time in

Read more
14 Jun 2018 11:32

Petro Matad Successfully Raises Cash To Fund Mongolian Drilling (ALLISS)

LONDON (Alliance News) - Mongolian oil explorer Petro Matad Ltd on Thursday said it has completed its previously announced share placing, which it said was "significantly" company had on

Read more
13 Jun 2018 17:16

Petro Matad To Raise Gross USD18.3 Million To Fund New Wells (ALLISS)

LONDON (Alliance News) - Petro Matad Ltd said Wednesday it aims to raise USD18.3 million through shares placing and a subscription.Net proceeds from the an accelerated bookbuild are to be a

Read more
4 Jun 2018 11:09

Petro Matad Loss Narrows Despite Delaying First Drilling Operation

LONDON (Alliance News) - Petro Matad Ltd said Monday its 2017 loss narrowed despite the company failing to complete its first drilling operation in six years.The Mongolian oil explorer loss

Read more
14 May 2018 11:59

Petro Matad Starts Mobilisation For Snow Leopard Drilling Amid Delays

LONDON (Alliance News) - Petro Matad Ltd said Monday it is close to securing permits for the Wild Horse 1 well, while the Snow Leopard 1 well spudding experienced delays.The Wild Horse 1 1

Read more
20 Mar 2018 17:29

Petro Matad drills into Mongolia - last frontier for onshore oil

* Same geology as prolific oil basins in China * Mongolia will need crude for planned refinery By Barbara March 20 (Reuters) - Petro Matad a

Read more
3456789101112

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.