Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.90
Bid: 2.80
Ask: 3.00
Change: -0.10 (-3.33%)
Spread: 0.20 (7.143%)
Open: 3.00
High: 3.00
Low: 2.80
Prev. Close: 3.00
MATD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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."

----------

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.

----------

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."

----------

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."

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
19 Jul 2019 12:09

Petro Matad Spuds Heron-1 Oil Exploration Well In Tamsag Basin

(Alliance News) - Mongolian oil explorer Petro Matad Ltd said Friday its has spud the Heron-1 exploration well in the Tamsag basin of block XX.The well is an appraisal of the T19-46 oil to

Read more
26 Jun 2019 15:00

Petro Matad makes solid progress with planned drilling programme

(Sharecast News) - Mongolia-focussed oil explorer Petro Matad updated the market on its progress towards its planned drilling programme in 2019, and its application for PSC extensions for Blocks IV and V on Wednesday.

Read more
26 Jun 2019 14:33

Petro Matad On Course To Spud Heron 1 Well At Block XX In July

(Alliance News) - Petro Matad Ltd on Wednesday said the drill sites for its three block XX wells in Mongolia are complete and the company is set to spud Heron 1 in July.The sites for the -

Read more
17 Jun 2019 10:50

Petro Matad Annual Loss Widens On Block IV And V Evaluation Expense

(Alliance News) - Petro Matad Ltd on Monday said its loss widened significantly in 2018 largely due to more than doubling of exploration and evaluation expenditure on blocks IV and V in in the oil

Read more
17 Jun 2019 08:05

Petro Matad's loss almost doubles on higher exploration costs

(Sharecast News) - Mongolia-focused oil explorer Petro Matad on Monday reported that its annual loss almost doubled, though the drilling of two exploration wells was completed on schedule and within budget.

Read more
28 May 2019 12:16

Petro Matad Close To Beginning Drilling Work In Mongolia

LONDON (Alliance News) - Mongolian oil firm Petro Matad Ltd on Tuesday said work on Block XX in the country is progressing well.Petro Matad has started well site construction at Heron 1, to

Read more
16 Apr 2019 15:41

Petro Matad signs contracts for two rigs ahead of drilling programme

(Sharecast News) - Mongolia-focussed oil explorer Petro Matad has signed contracts for two rigs for its upcoming 2019 four-well drilling programme, it announced on Tuesday.

Read more
16 Apr 2019 12:28

Petro Matad Delays Start Of Drilling At Eastern Mongolian Prospects

LONDON (Alliance News) - Mongolian oil firm Petro Matad Ltd on Tuesday said it has postponed the spud date for the first well of its upcoming drilling programme.Petro Matad will spud Heron

Read more
7 Mar 2019 15:00

Petro Matad plans four-well drilling campaign for 2019

(Sharecast News) - Mongolia-focussed oil explorer Petro Matad updated the market on its operations on Thursday, reporting that it was pursuing a four-well drilling campaign in 2019 at Heron, Gazelle and Red Deer on block XX, and either a further exploration well at block V or an appraisal of a block XX discovery.

Read more
7 Mar 2019 12:52

Seismic Reprocessing Boosts Petro Matad's Heron Prospect Resource

LONDON (Alliance News) - Petro Matad Ltd on Thursday said seismic reprocessing at Block XX has raised its Heron prospect resource by more than 50% and indicates that Heron is the extension of a in

Read more
10 Jan 2019 14:12

Petro Matad Keen To Start Block XX Operations, Block V Tests Promising

LONDON (Alliance News) - Petro Matad Ltd on Thursday said it is continuing preparations for a four-well drill programme at Block XX in Mongolia and noted that findings from its Block V drilling in

Read more
26 Nov 2018 10:36

Petro Matad Shares Drop On Disappointing Baatsagaan Drilling Results

LONDON (Alliance News) - Petro Matad Ltd on Monday said no oil shows were observed in the Wild Horse 1 well, located in block IV of the Baatsagaan basin, southern Mongolia.Petro Matad were

Read more
26 Nov 2018 09:49

Petro Matad tumbles after Wild Horse proves dry

(Sharecast News) - Mongolia-focussed oil and gas outfit Petro Matad plummeted on Monday after its Wild Horse well failed to find hydrocarbons.

Read more
23 Oct 2018 10:29

Petro Matad Spuds Wild Horse-1 Well, Targets Mongolian Oil Resource

LONDON (Alliance News) - Mongolian oil explorer Petro Matad Ltd said on Tuesday it has spud the Wild Horse-1 exploration well in the Baatsagaan Basin in Block IV, western Mongolia.The total

Read more
1 Oct 2018 12:32

Petro Matad Says Operations At Wild Horse Remain On Track

LONDON (Alliance News) - Mongolia focused Petro Matad Ltd said Monday its operations at its "very exciting" prospect Wild Horse-1 continue to progress on track.Shares in Petro up

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.