Petro Matad Share News (MATD)

Petro Matad's reassignment of Shell's Mongolian oil blocks approved

(ShareCast News) - The Mongolian government has approved the reassignment of interests in two oil blocks worth about $15m from Royal Dutch Shell to Petro Matad. The reassignment of blocks four and five were approved, which means that through its wholly-owned affiliate, Central Asian Petroleum Corpor

Petro Matad share price plunges

(ShareCast News) - Petro Matad was forced to issue an update on Friday, as its share price plunged more than17%. It confirmed that there was nothing further to update at this stage. The AIM-traded company said it continues to expect that the approval from the Mongolian Government of the reassignmen

Petro Matad taps into Mongolian oil field containing up to 23bn barrels

(ShareCast News) - Shares in Petro Matad soared on Wednesday as the oil explorer said it had tapped into a large oil field in Mongolia, which contains between nine and 23bn barrels of oil. The company updated its estimates of undiscovered petroleum resources following interpretation of new and previ

Petro Matad's Shell affiliate farm-out exit fee contributed to H1 profit

(ShareCast News) - Mongolian oil explorer Petro Matad reported that the farm-out exit fee received from Royal Dutch Shell's affiliate contributed to the company's interim half year profit. For the six months ended 30 June, the company reported an interim profit of $100,000 in comparison to a $1.74m

Petro Matad reaches $10m settlement with Shell's Mongolian affiliate

(ShareCast News) - Petroleum explorer Petro Matad's reached a $10m settlement with Shell's affiliate BG Mongolian Holdings (BGMH). The Mongolian miner reported that Shell's BGMH will pay a farm-out arrangement exit fee of over $10m as well as a further $5m. In June, Petro Matad's affiliate Central

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Petro Matad Loss Narrows; Set For USD10 Million Exit Fee From Shell

Shell leaves Petro Matad on its own in Mongolia

(ShareCast News) - Petro Matad revealed it had lost its partner in the Block IV and V production sharing contracts in west and central Mongolia on Friday. The AIM-traded company said that, on 28 April, Shell - through its affiliate company - issued an exit notice to Petro Matad's 100% owned subsidia

Petro Matad Expecting "Highly Material" Compensation From Partner

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Petro Matad Delays Survey And Drilling Plans At Mongolia Project

Petro Matad Pleased With Survey Data From Central Mongolia Blocks

Petro Matad Loss Narrows As Farm-Out Deal With BG Group Progresses

Petro Matad awards Mongolian seismic data contract

(ShareCast News) - Petro Matad has awarded a contract to Khet Co for 2D to gather seismic data in two of its exploration blocks in central Mongolia. The oil exploration company said Khet Co, which is a geophysical contracting company, will carry out a 2D seismic programme of around 2,000 kilometres

Petro Matad Awards Mongolian 2D Seismic Data Contract To Khet Co