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Share Price: 3.05

Bid: 3.00

Ask: 3.10

Change: 0.00 (0.00%)

Spread: 0.10 (3.333%)

Open: 3.05

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Low: 3.05

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IN BRIEF: Petro Matad awarded Mongolia exploitation license

Wed, 07th Jul 2021 21:58

Petro Matad Ltd - Mongolia-based oil exploration company - Announces the State of Mongolia is awarding it the exploitation license to commence mining in Block XX, which has a potential 194 million barrels of oil.

The company is preparing to open the Heron 1 well in Block XX and begin a "very active programme" in in 2022.

Current stock price: 7.50 pence, up 17% on Wednesday

Year-to-date change: up 79%

By Aidan Lane; newsroom@alliancenews.com

More News

1 Mar 2021 15:34

TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts

5 Jan 2021 12:05

Petro Matad Gets Submission Approval For Block XX Exploitation Licence

5 Jan 2021 10:28

UK WINNERS & LOSERS SUMMARY: Next At Five-Year High Amid Outlook Raise

4 Dec 2020 14:08

Petro Matad Says Block XX Exploitation Licence Meeting Postponed

4 Dec 2020 13:41

Petro Matad licence application delayed by Mongolia Covid outbreak

(Sharecast News) - Mongolian oil company Petro Matad updated the market on its operations and the impact of Covid-19 on Friday, reporting that the country had been "very successful" in containing the coronavirus through 2020, however the first cases of community spread did occur in November.

4 Dec 2020 10:33

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Petro Matad Share News (MATD)

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IN BRIEF: Petro Matad awarded Mongolia exploitation license

TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts

Petro Matad Gets Submission Approval For Block XX Exploitation Licence

UK WINNERS & LOSERS SUMMARY: Next At Five-Year High Amid Outlook Raise

Petro Matad Says Block XX Exploitation Licence Meeting Postponed

Petro Matad licence application delayed by Mongolia Covid outbreak

UK WINNERS & LOSERS SUMMARY: Cineworld Falls On Warner Streaming Plans

UK Shareholder Meetings Calendar - Next 7 Days

Petro Matad Reports Mongolian Licence Application Delays; CFO To Leave

Petro Matad Trims Loss As It Waits For Progress On Heron Oil Discovery

Petro Matad Trims Loss And Says Covid-19 Impact "Limited" So Far

UK TRADING UPDATE SUMMARY: Blencowe And BlueRock Recommence Operations

Petro Matad Progresses Work Programme Despite Covid-19 Impact

UK Shareholder Meetings Calendar - Next 7 Days

UK WINNERS & LOSERS SUMMARY: Woodford Trust Up 30% As Schroders Tapped

Petro Matad Shares Rocket On Positive Heron Well Test Results

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IN BRIEF: Petro Matad awarded Mongolia exploitation license

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