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Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

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Share Price: 3.15
Bid: 3.10
Ask: 3.20
Change: 0.00 (0.00%)
Spread: 0.10 (3.226%)
Open: 3.15
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TRADING UPDATES: Taylor Maritime in placing; Blackbird eyes US backing

Mon, 19th Jul 2021 18:03

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Taylor Maritime Investments Ltd - London based investor in dry bulk shipping - Plans to raise USD75 million through placing to fund acquisition of up to six Handysize vessels. Shares will fetch USD1.15 each in fundraise, 1.7% discount to USD1.17 closing price on Monday. Chief Executive Edward Buttery adds: "The Handysize segment is currently attractive with a strong charter market and demand. Drawing on our in-depth knowledge of the sector, we have an excellent pipeline of vessel acquisition targets priced below depreciated replacement cost and are well positioned to take advantage of these market conditions to deliver additional value to our shareholders."

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Blackbird PLC - London-based cloud video editing platform - Says application to begin trading on OTCQX Best Market cleared by watchdog Finra. Will begin trading on market on July 28, making shares more widely available to North American investors.

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Eagle Eye Solutions Group PLC - London-based marketing solutions provider - Says revenue rises 12% to GBP22.8 million from GBP20.4 million in year ended June 30. Adjusted earnings before interest, tax, depreciation and amortisation up 28% to GBP4.2 million from GBP3.3 million. "Eagle Eye has enjoyed a strong close to the year, delivering 27% growth in Q4 revenues as a result of the winning of enterprise customers," company says. "Eagle Eye enters FY 2022 with a considerably expanded underlying business and positive trajectory."

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Supreme PLC - maker of fast-moving consumer goods - Launches Sealions vitamin and wellness supplements brand. Supreme adds: "Sealions will be focused on providing a high-quality range of affordable wellness products, offering customers a year's supply of vitamins (365 tablets) for GBP5 across a selected range, nearly 70% cheaper than some of the leading wellness brands."

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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Says performed in line with internal expectations in first half of 2021. Seeing "strong levels" of organic growth. "Curtis Banks has made a positive start to 2021, building upon the success of 2020 and the number of strategic initiatives we undertook. I am particularly pleased with how Dunstan Thomas has already shown that it can enhance our overall proposition and we look forward to additional material developments over the course of the year," Chief Executive Officer Will Self says.

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Cornerstone FS PLC - London-based payments provider - Notes trading volumes up in first six months of 2021, tips revenue to rise 6% sequentially in period to GBP837,000, from GBP792,000 in second half of 2020, but down 4.0% from pre-virus levels. "Looking ahead, with the increased momentum in trading volumes, the board is confident of delivering revenue growth for full year 2021 compared with 2020," Cornerstone says.

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Eqtec PLC - Cork, Ireland-based gasification solutions company - Says GBP15 million revenue target on track. "Those forecasts anticipated a heavily back-loaded year for financial close of key opportunities and deal closure remains the primary focus of the company," Eqtec says. Notes Agrigas 1 agricultural waste project in Greece progressing. Construction of North Fork Community Power forestry waste project in California progresses as gasification reactor and associated equipment installed.

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Arc Minerals Ltd - company focused on exploring for copper and cobalt in Africa - Kicks off drilling at majority-controlled licenses in north-western Zambia. Diamond drilling begins at Fwiji target. "This year's programme will also focus on the Cheyeza and Muswema target areas where the drill target locations are to be finessed upon the completions of a high resolution airborne geophysical survey over these target areas," Arc adds. Also, Executive Chair Nick von Schirnding notes "number of discussions" underway with potential third parties over commercial transaction at Arc's Zambia copper licences.

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Alba Mineral Resources PLC - London-based mineral exploration and development company - Completes phase to surface drilling at Clogau-St David's gold mine. Says 10 holes drilled. "The key objective of this second phase of surface drilling at Clogau-St David's was to prove up the continuity of the Main Lode extension we had identified during the drilling at the end of last year. We have now delivered emphatically on that aim, by intersecting the Main Lode extension on every one of the 10 holes we have drilled in this phase," Executive Chair George Frangeskides says.

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Petro Matad Ltd - Mongolia-based oil exploration company - Launches open offer to raise USD2 million to provide shareholders who did not participate in USD10.4 million placing to invest in company. Says 42.6 million shares to be offered.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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25 Apr 2024 09:52

Petro Matad still working to secure Mongolia approvals

(Sharecast News) - Mongolia-focussed oil company Petro Matad said in an update on Thursday that it was actively engaged with local government agencies to secure the necessary approvals from Matad District to kickstart its 2024 operational programme.

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19 Dec 2023 12:10

Petro Matad shares jump as says "almost there" with Mongolia sign-off

(Alliance News) - Petro Matad Ltd on Tuesday said that a "slow bureaucratic process" to complete a special land purpose certification has caused delays for its planned Heron-1 operations in Mongolia.

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28 Sep 2023 11:49

Petro Matad first half loss widens as projects hit delays

(Alliance News) - Petro Matad Ltd on Thursday said its loss widened in the first half as it looks to progress with its exploration projects.

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10 Jul 2023 10:26

AIM WINNERS & LOSERS: Helium One surges on rig purchase for Rukwa

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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10 Jul 2023 09:49

Petro Matad shares fall as abandons watery Velociraptor-1 well

(Alliance News) - Petro Matad Ltd on Monday said it will abandon the Velociraptor-1 well in Central Mongolia as all reservoirs encountered were water bearing.

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10 Jul 2023 08:51

LONDON MARKET OPEN: Stocks head lower after China data, US payrolls

(Alliance News) - Stock prices in London opened mostly in the red on Monday, following more weak Chinese economic data, and ongoing concerns about how much further interest rates will rise.

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10 Jul 2023 07:47

LONDON BRIEFING: BT CEO Philip Jansen to step down next year

(Alliance News) - Stocks in London are called lower on Monday, after soft economic data from China pointed to a weak demand outlook.

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6 Jul 2023 11:57

LONDON MARKET MIDDAY: Stocks slump as rates expected to keep rising

(Alliance News) - Stock prices in London were firmly in the red at midday as the latest meeting minutes from the US Federal Reserve pointed to interest rates in the world's largest economy remaining higher for longer.

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6 Jul 2023 10:37

IN BRIEF: Petro Matad receives approval for Block XX exploitation area

Petro Matad Limited - Douglas, Isle of Man-based petrolem exploration company focused on Mongolia - Says the cabinet of the Mongolian government has approved the certification of the Block XX Exploitation area, which includes the Heron oil discovery, as special purpose land. The cabinet approves certification and instructed officials to conclude the follow up formalities required under the land law. Petro Matad will now work with central land agency and local authorities to complete the registration of the area and sign necessary contracts.

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14 Jun 2023 09:17

Petro Matad spuds Block V, but still waits on Block XX certification

(Alliance News) - Petro Matad Ltd on Wednesday said it has successfully spudded a well in the Taats Basin of Block V, located in central Mongolia.

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22 May 2023 14:23

IN BRIEF: Petro Matad shares plunge as repeats license documentation

Petro Matad Ltd - Isle of Man-based, Mongolia-focused parent company of a group focussed on oil exploration and which owns and operates two production sharing contracts with the Mongolian government - Expects rig arrival and Velociraptor 1 spud during the first half of June. Starts mobilisation site construction equipment to the Velociraptor 1 well location. Says the Velociraptor 1 well is expected to reach the prognosed total depth of about 1500 metres in 30 days following which the well will be logged and the results evaluated. All permits are in place for Velociraptor 1 and the contingent appraisal drilling.

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3 Apr 2023 14:38

TRADING UPDATES: Zinc Media and EnSilica hail contract wins

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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14 Feb 2023 14:41

Petro Matad reports slow progress at Block XX

(Sharecast News) - Mongolian oil explorer Petro Matad reported progress on a number of fronts in an operational update on Tuesday.

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14 Feb 2023 11:33

Petro Matad bemoans slower than anticipated certification of Block XX

(Alliance News) - Petro Matad Ltd on Tuesday said that while it was pleased to see progress towards certifying one of its licences in Mongolia, the process was still proving much slower than initially advised.

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