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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: 2.90
Bid: 2.80
Ask: 3.00
Change: -0.10 (-3.33%)
Spread: 0.20 (7.143%)
Open: 3.00
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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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3 Feb 2023 12:55

IN BRIEF: Petro Matad raises USD6.0 million from placing, subscription

Petro Matad Ltd - Isle of Man-based, Mongolia-focused parent company of a group focussed on oil exploration, which owns and operates two production sharing contracts with the Mongolian government - Raises USD6.0 million from placing and subscription of 195.1 million shares at a price of 2.5 pence each. Says shareholder Petrovis Matad Inc buys 32.5 million subscription shares for total USD1.0 million. Petro Matad Chief Executive Officer Mike Buck buys 813,008 subscription shares for USD25,000.

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3 Feb 2023 12:31

Petro Matad raises $6m in discounted placing

(Sharecast News) - Mongolian exploration and production company Petro Matad slumped on Friday after raising $6m in a discounted placing and subscription.

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3 Feb 2023 10:26

AIM WINNERS & LOSERS: 88 Energy surges; Petro Matad plans fundraise

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

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2 Feb 2023 22:01

TRADING UPDATES: Dillistone sees revenue growth; Petro plans fundraise

(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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5 Dec 2022 15:51

Petro Matad shares jump on progress for land registration in Mongolia

(Alliance News) - Petro Matad Ltd on Monday celebrated progress towards registering its Block XX Exploitation Area as special purpose land, following a year of delays over access issues.

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5 Dec 2022 11:02

AIM WINNERS & LOSERS: Wentworth shares surge on takeover offer

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

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22 Sep 2022 22:14

TRADING UPDATES: Prospex Energy profit up; Petro Matad widens loss

(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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27 Jun 2022 12:33

IN BRIEF: Petro Matad narrows loss in 2021; China slowly opens border

Petro Matad Ltd - Douglas, Isle of Man-based petroleum exploration company focused on Mongolia - Narrows pretax loss in 2021. Pretax loss shrinks to USD2.1 million from USD3.2 million in 2020. Exploration and evaluation expenditure narrows to USD114,000 in 2021 from USD433,000.

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5 May 2022 14:28

IN BRIEF: Petro Matad's drilling in Mongolia halted by China lockdown

Petro Matad Ltd - petroleum exploration company focused on Mongolia - Announces suspension of oil export to China and drilling in Mongolia due to Covid restrictions in China. China is increasing its Covid-19 related lockdowns and travel restrictions, Petro Matad says. This is impacting the oil exploration firm as it relies on cross-border trade, including oil field service providers, it adds. It is not producing any oil currently as "there are no Chinese oil rigs operating in Mongolia at the moment," the company explains.

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5 May 2022 11:22

AIM WINNERS & LOSERS: UKOG, Alba up on permit from Environment Agency

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25 Feb 2022 16:20

Petro Matad reports progress amid some local difficulties

(Sharecast News) - Mongolia-focussed oil company Petro Matad updated the market on its operations on Friday, reporting that at the Block XX exploitation area, it had advanced negotiations with operational service providers for the 2022 work programme, and secured some price reductions compared to the 2019 programme.

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25 Feb 2022 14:37

IN BRIEF: Petro Matad drops after drilling delayed by restrictions

Petro Matad Ltd - Isle of Man, UK-based petroleum exploration company focused on Mongolia - Says that the availability of drilling equipment and crews for the drilling of additional Heron wells has not been confirmed by the contractors. Explains that the drilling contractor along with the other service providers have been impacted by Covid-related travel restrictions. These, it continues, are due mainly to the restrictions imposed by China. Says it will continue to push the service providers to confirm a timeframe for its drilling programme.

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24 Feb 2022 15:54

UK shareholder meetings calendar - next 7 days

Friday 25 February 
Caledonian Trust PLCAGM
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On the Beach Group PLCAGM
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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