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  2. Share Prices
  3. Petro Matad Share Price
  4. Petro Matad Share News
  5. IN BRIEF: Petro Matad plans placing to raise USD10 million

Pin to quick picksPetro Matad Share News (MATD)

Petro Matad Information

Share Price Information for Petro Matad (MATD)

London Stock Exchange
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Share Price: 3.05
Bid: 3.00
Ask: 3.10
Change: 0.15 (5.17%)
Spread: 0.10 (3.333%)
Open: 2.90
High: 3.05
Low: 2.90
Prev. Close: 2.90
MATD Live PriceLast checked at -

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IN BRIEF: Petro Matad plans placing to raise USD10 million

Wed, 14th Jul 2021 18:06

Petro Matad Ltd - Mongolia-based oil exploration company - Says it intends to undertake a fundraising of approximately USD10 million via a placing, a subscription and an offer on the PrimaryBid platform at a price of 3.5 pence each. Chief Executive Mike Buck has indicated his intention to subscribe for new shares representing up to USD100,000 at the placing price pursuant to the subscription.

Current stock price: 5.36p

Year-to-date change: up 26%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
17 Oct 2019 16:50

Petro Matad reports unexpected results from Gazelle-1 well

(Sharecast News) - Mongolia-focussed oil explorer Petro Matad announced the results of drilling and logging operations at the Gazelle-1 well in the north of Block XX, eastern Mongolia on Thursday, reporting that the well had been drilled with the DQE rig 40105 to a total depth of 2550 metres, with wireline logging completed.

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17 Oct 2019 10:24

UK WINNERS & LOSERS SUMMARY: Positive Reception To WH Smith's US Deal

UK WINNERS & LOSERS SUMMARY: Positive Reception To WH Smith's US Deal

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17 Oct 2019 09:41

Petro Matad Shares Down After "Unexpected" Gazelle-1 Drill Results

Petro Matad Shares Down After "Unexpected" Gazelle-1 Drill Results

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3 Oct 2019 11:20

Petro Matad Begins Testing Operations At Heron-1 Well In Mongolia

Petro Matad Begins Testing Operations At Heron-1 Well In Mongolia

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3 Oct 2019 10:59

Petro Matad begins testing operations on Heron-1

(Sharecast News) - Mongolian oil explorer Petro Matad announced the start of testing operations at the Heron-1 well in the north of Block XX, eastern Mongolia on Thursday.

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19 Sep 2019 14:46

Petro Matad Carries Out Spud Of Gazelle-1 Earlier Than Forecast

(Alliance News) - Petro Matad Ltd said on Thursday the Gazelle-1 exploration well in the north of Block XX, eastern Mongolia, has been spud earlier than forecast.The rig move from Heron-1 a

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19 Sep 2019 09:14

Petro Matad spuds Gazelle-1 exploration well ahead of schedule

(Sharecast News) - Mongolian oil explorer Petro Matad said on Thursday that it had spudded its Gazelle-1 exploration well in the north of Block XX.

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17 Sep 2019 10:47

Petro Matad To Abandon Red Deer-1 Well, Focus On North Of Block XX

(Alliance News) - Petro Matad Ltd on Tuesday reported disappointing drilling and logging results for the Red Deer-1 exploration well located in the south of block XX, eastern Mongolia.Petro

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17 Sep 2019 10:45

Petro Matad disappointed by drilling results from Red Deer-1

(Sharecast News) - Mongolia-focussed oil explorer Petro Matad announced drilling and logging results from the Red Deer-1 exploration well located in the south of Block XX on Tuesday, as well as an operational update for Heron-1 and Gazelle-1 in the north of Block XX, in eastern Mongolia.

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9 Sep 2019 10:27

Petro Matad Posts Positive Results From Heron-1 Well Test In Mongolia

(Alliance News) - Petro Matad Ltd on Monday announced "encouraging" results from the Heron-1 well at block XX in Mongolia.Shares in Petro Matad were up 7.5% at 8.20 pence in in to

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3 Sep 2019 11:45

Petro Matad Interim Loss Narrows On Lower Exploration Expenses

(Alliance News) - Petro Matad Ltd on Tuesday reported a narrowed interim loss as the company's exploration expenses declined.Shares in the AIM-listed Mongolian oil explorer were 13% in

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20 Aug 2019 15:48

Petro Matad makes solid progress on Heron-1 and Red Deer-1 wells

(Sharecast News) - Mongolian oil explorer Petro Matad updated the market on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia on Tuesday.

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20 Aug 2019 10:31

Petro Matad Moves Closer To Land Permits For East Mongolia Oil Wells

(Alliance News) - Mongolian oil explorer Petro Matad Ltd said Tuesday it has completed all processes for obtaining the land permits for the Heron and Gazelle well sites.The company is now

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14 Aug 2019 11:07

Petro Matad Shares Surge On Resumption Of Operations In Mongolia

(Alliance News) - Petro Matad Ltd on Wednesday said it has secured a verbal approval from the central and provincial governments of Mongolia to resume operations on Heron-1 well, whilst the is 32%

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5 Aug 2019 13:11

Petro Matad Spuds Red Deer-1 Well, Reaches Depth Point At Heron-1

(Alliance News) - Petro Matad Ltd on Monday said the Red Deer-1 exploration well in the Asgat Sag basin of block XX in eastern Mongolia was spudded on Sunday.The AIM-listed oil exploration

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