Petro Matad shares surge on strong Gazelle-1 and Heron-2 progress
9th Oct 2025 10:35
(Sharecast News) - Exploration firm Petro Matad shares jumped sharply on Thursday on the back of better-than-expected flow test results at Gazelle-1 and operational progress at Heron-2.
Read moreLosses narrow at Petro Matad as oil revenues start to flow
29th Sep 2025 10:36
(Sharecast News) - Petro Matad said on Monday that half-year losses narrowed, after the Mongolian-focused energy firm received its first-ever oil revenues.
Read morePetro Matad awaiting payment for Heron 1 production
30th May 2025 12:12
(Sharecast News) - Petro Matad confirmed in an update on Friday that invoices covering oil production from the Heron 1 well in Mongolia's Block XX, from October 2024 to April 2025, had been processed by PetroChina and were awaiting payment.
Read morePetro Matad's Block XX gets special purpose land designation
5th Feb 2025 11:18
(Sharecast News) - Petro Matad confirmed on Wednesday that the Block XX exploitation area, which includes the company's producing Heron oilfield, had been officially designated as State Special Purpose Land in Mongolia.
Read morePetro Matad shares slide on eastern Mongolia update
14th Nov 2024 15:55
(Sharecast News) - Shares in Petro Matad were sliding on Thursday, after the company updated the market on operations on its Heron-1 production and Heron-2 well testing in eastern Mongolia's Block XX.
Read morePetro Matad starts oil production at Heron-1 well
25th Oct 2024 14:11
(Sharecast News) - Petro Matad announced the start of oil production at its Heron-1 well on Friday, in the Block XX production sharing contract area in eastern Mongolia.
Read morePetro Matad to start production at Heron-1 well
22nd Oct 2024 14:25
(Sharecast News) - Mongolian oil company Petro Matad announced on Tuesday that production at its Heron-1 well in Block XX was set to start by 25 October.
Read morePetro Matad announces successful Heron-2 drilling results
1st Oct 2024 16:54
(Sharecast News) - Mongolian oil company Petro Matad announced successful drilling results from its Heron-2 well, located in Block XX in the Tamsag Basin, eastern Mongolia on Tuesday.
Read morePetro Matad to use temporary facilities at Heron-1
19th Sep 2024 11:30
(Sharecast News) - Mongolian oil explorer and developer Petro Matad updated the market on operations at its Heron-1 oil discovery well on Thursday.
Read morePetro Matad upbeat on recent operational progress
22nd Aug 2024 12:02
(Sharecast News) - Mongolian oil company Petro Matad updated the market on its operations on Thursday, highlighting the successful re-entry and completion of the Heron-1 oil discovery well, as well as plans for its upcoming 2024 drilling programme.
Read morePetro Matad still working to secure Mongolia approvals
25th Apr 2024 09:52
(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.
Read morePetro Matad reports slow progress at Block XX
14th Feb 2023 14:41
(Sharecast News) - Mongolian oil explorer Petro Matad reported progress on a number of fronts in an operational update on Tuesday.
Read morePetro Matad raises $6m in discounted placing
3rd Feb 2023 12:31
(Sharecast News) - Mongolian exploration and production company Petro Matad slumped on Friday after raising $6m in a discounted placing and subscription.
Read morePetro Matad reports progress amid some local difficulties
25th Feb 2022 16:20
(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.
Read morePetro Matad makes progress with Block XX, secures further funding
12th Apr 2021 09:15
(Sharecast News) - Mongolia-focussed oil company Petro Matad said on Monday that progress has been made on the two remaining steps of the exploitation licence application for Block XX.
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