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Petro Matad Information
Share Price Information for Petro Matad (MATD)
Share Price is delayed by 15 minutes
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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
Last checked at -
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Don't have an account? Click here to register.Petro Matad abandons well
Fri, 09th Sep 2011 12:36
Oil explorer Petrod Matad has terminated production at its Davsan Tolgoi-10 well after failing to encounter moveable hydocarbons. The project, situated between the group's Shoroo and Gal prospects, targeted two objectives, but no shows were observed in either, while analysis of the area indicates only thin scattered zones of probable residual oil. The drilling rig will be transferred to another site some 225m south of the DT-10 well, where the D-11 replacement well will be drilled. Drilling on the next well is expected to begin mid September. Chief executive officer Douglas McGay said: "The absence of hydrocarbons is disappointing, but once again we have seen evidence of a hydrocarbon charge that has been breached and flushed. The picture that is developing at Davsan Tolgoi is one of complicated stratigraphy and a complex structural history. Exploration here will require a significant amount of drilling. "The positive note is that we continue to demonstrate that hydrocarbons have migrated into the structures that we are imaging on the seismic. In fact, out of ten wells drilled to date only one has been completely dry."The share price fell 12.92% to 45.50p at 12:53.NR
More News
25 Feb 2022 16:20
Petro Matad reports progress amid some local difficulties
(Sharecast News) - Mongolia-focussed oil company Petro Matad updated the market on its operations on Friday, reporting that at the Block XX exploitation area, it had advanced negotiations with operational service providers for the 2022 work programme, and secured some price reductions compared to the 2019 programme.
Read more25 Feb 2022 14:37
IN BRIEF: Petro Matad drops after drilling delayed by restrictions
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 more24 Feb 2022 15:54
UK shareholder meetings calendar - next 7 days
| Friday 25 February | |
| Caledonian Trust PLC | AGM |
| GRIT Investment Trust PLC | AGM |
| Henderson Diversified Income Trust PLC | GM re investment policy |
| On the Beach Group PLC | AGM |
| Ruffer Investment Co Ltd | EGM re authority to issue shares |
| Monday 28 February | |
| Alternative Liquidity Fund Ltd | EGM |
| Ramsdens Holdings PLC | AGM |
| Sareum Holdings PLC | EGM re share consolidation |
| Tuesday 1 March | |
| Velocity Composites PLC | AGM |
| Wednesday 2 March | |
| Ecofin Global Utilities & Infrastructure Trust PLC | AGM |
| Mila Resources PLC | AGM |
| Paragon Banking Group PLC | AGM |
| River & Mercantile UK Micro Cap Investment Co Ltd | AGM |
| Thursday 3 March | |
| Chemring Group PLC | AGM |
| Petro Matad Ltd | AGM |
| Zytronic PLC | AGM |
| Copyright 2022 Alliance News Limited. All Rights Reserved. | |
15 Sep 2021 17:32
TRADING UPDATES: Strong interim results from Epwin, Bridgepoint
TRADING UPDATES: Strong interim results from Epwin, Bridgepoint
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IN BRIEF: Petro Matad to raise GBP76,000 through open offer
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IN BRIEF: Petro Matad down after successful USD9.7 million fundraise
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AIM WINNERS & LOSERS: Immedia ends talk with Sprift; ASOS growth slows
AIM WINNERS & LOSERS: Immedia ends talk with Sprift; ASOS growth slows
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IN BRIEF: Petro Matad plans placing to raise USD10 million
IN BRIEF: Petro Matad plans placing to raise USD10 million
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AIM WINNERS & LOSERS: Yu Group expects swing to interim profit
AIM WINNERS & LOSERS: Yu Group expects swing to interim profit
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IN BRIEF: Petro Matad awarded Mongolia exploitation license
IN BRIEF: Petro Matad awarded Mongolia exploitation license
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AIM WINNERS & LOSERS: Cora Gold jumps on Sanankoro drill results
AIM WINNERS & LOSERS: Cora Gold jumps on Sanankoro drill results
Read more22 Jun 2021 19:30
EARNINGS UPDATES: Trackwise Designs swings to profit; Accsys sales up
EARNINGS UPDATES: Trackwise Designs swings to profit; Accsys sales up
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