Petro Matad Share News (MATD)

UK MIDDAY BRIEFING: HSBC Profit Slides, Sainsbury Holding Out

LONDON (Alliance News) - HSBC Holdings Wednesday reported a 20% drop in first-quarter pretax profit, driven by a weak performance Asia, Latin America and its investment bank, that was only partially offset by lower impairment charges and continued cost cutting.

In a

UK WINNERS & LOSERS: Legal & General Leads On Confidence In Annuities

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
-------
FTSE 100 - WINNERS
-------
Legal & General Group, up 3.2%. The group said it expects to write more

Petro Matad Confirms Oil Prospects But Farm-Out Talks Drag On

LONDON (Alliance News) - Petro Matad Ltd Wednesday said its 2D seismic studies in Mongolia have confirmed some oil prospects, but its shares fell 28% as it said it continues to search for development partners in the region, leading it to focus on cash preservation. The oil exploration compa

Petro Matad Say 2D Seismic Study Acquisition Completed In Mongolia

AIM IN BRIEF: M&C Saatchi Confirms Talks With Publicis On Walker Media

Petro Matad Says 2D Seismic Studies Have Started In Mongolia

Petro Matad Loss Narrows As Exploration Costs Fall

Petro Matad Awards Contract For Seismic Data to Khet Co. Limited

Thursday broker round-up UPDATE

Ashtead Group: Jefferies takes target price from 690p to 750p and leaves its buy recommendation unchanged. ASOS: Deutsche Bank increases target price from 3300p to 3800p and reiterates a hold recommendation. Atkins: Liberum Capital takes target price from 1020p to 1100p and maintains a buy recomme

Monday broker round-up UPDATE

Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc

Petro Matad to issue half a million ordinary shares

Petro Matad has announced that it will issue 500,000 ordinary shares of 0.01 dollars each under the company's long-term equity incentive plan. The new shares are to be issued at a nominal value, the group stated adding that an application had been made for the new shares to be admitted to AIM with

Petro Matad publishes operational update for Mongolian mines

AIM-listed mining company Petro Matad has published an operational update on three PSC licenses that it holds in Mongolia. Hydrocarbon generating potential The company reported that nine major sub-basins had been identified in areas defined as "Blocks IV" and "Block V" and further high-graded for

Resources round-up: Petro Matad, Kryso, Lansdowne Oil and Gas

Petro Matad has revealed that a review of its site in Mongolia indicates that the company should refine the work completed to date to produce drill and seismic targets, prompting it to suspend drilling and testing for the rest of the calendar year to complete the suggested changes. Some of the seism

London close: Stocks dive on euro worries

The volatility continued heading into the weekend and stocks were nursing hefty losses at the close of play. The resignation of European Central Bank official Juergen Stark brought the Eurozone crisis into focus. Stark, a German, like many of his compatriots is unhappy about the Bank's policy of b

Petro Matad abandons well

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