Petro Matad licence application delayed by Mongolia Covid outbreak
4th Dec 2020 13:41
(Sharecast News) - Mongolian oil company Petro Matad updated the market on its operations and the impact of Covid-19 on Friday, reporting that the country had been "very successful" in containing the coronavirus through 2020, however the first cases of community spread did occur in November.
Read morePetro Matad reports unexpected results from Gazelle-1 well
17th Oct 2019 16:50
(Sharecast News) - Mongolia-focussed oil explorer Petro Matad announced the results of drilling and logging operations at the Gazelle-1 well in the north of Block XX, eastern Mongolia on Thursday, reporting that the well had been drilled with the DQE rig 40105 to a total depth of 2550 metres, with wireline logging completed.
Read morePetro Matad begins testing operations on Heron-1
3rd Oct 2019 10:59
(Sharecast News) - Mongolian oil explorer Petro Matad announced the start of testing operations at the Heron-1 well in the north of Block XX, eastern Mongolia on Thursday.
Read morePetro Matad spuds Gazelle-1 exploration well ahead of schedule
19th Sep 2019 09:14
(Sharecast News) - Mongolian oil explorer Petro Matad said on Thursday that it had spudded its Gazelle-1 exploration well in the north of Block XX.
Read morePetro Matad disappointed by drilling results from Red Deer-1
17th Sep 2019 10:45
(Sharecast News) - Mongolia-focussed oil explorer Petro Matad announced drilling and logging results from the Red Deer-1 exploration well located in the south of Block XX on Tuesday, as well as an operational update for Heron-1 and Gazelle-1 in the north of Block XX, in eastern Mongolia.
Read morePetro Matad makes solid progress on Heron-1 and Red Deer-1 wells
20th Aug 2019 15:48
(Sharecast News) - Mongolian oil explorer Petro Matad updated the market on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia on Tuesday.
Read morePetro Matad makes solid progress with planned drilling programme
26th Jun 2019 15:00
(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 morePetro Matad's loss almost doubles on higher exploration costs
17th Jun 2019 08:05
(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 morePetro Matad signs contracts for two rigs ahead of drilling programme
16th Apr 2019 15:41
(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 morePetro Matad plans four-well drilling campaign for 2019
7th Mar 2019 15:00
(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 morePetro Matad tumbles after Wild Horse proves dry
26th Nov 2018 09:49
(Sharecast News) - Mongolia-focussed oil and gas outfit Petro Matad plummeted on Monday after its Wild Horse well failed to find hydrocarbons.
Read morePetro Matad losses widen as it cashes up for planned operations
7th Sep 2018 10:41
(Sharecast News) - Mongolian oil explorer Petro Matad released its unaudited interim results for the six months ended 30 June on Friday, reporting a loss of $6.65m, widening from $2.52m for the comparable period last year.
Read morePetro Matad issues drilling rig tender
27th Jan 2017 16:10
(ShareCast News) - Petro Matad updated the market on Friday, announcing that it has issued a tender for a drilling rig and related services, in preparation for its drilling programme in Blocks IV and V, which is expected to commence in mid-2017. The AIM-traded firm said that in 2016, it pre-qualifie
Read morePetro Matad says nothing further to update on as stock jumps
12th Jan 2017 14:31
(ShareCast News) - AIM-listed exploration company Petro Matad noted the jump in its share price on Thursday and confirmed there was nothing further to update the market on since its statement on Tuesday. Earlier in the week, Petro said the $5m payment due from Shell following the approval by the Mon
Read morePetro Matad's reassignment of Shell's Mongolian oil blocks approved
15th Dec 2016 11:24
(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
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