RNS Number: 8996 T Petro Matad Limited 19 November 2019. Petro Matad, the AIM quoted Mongolian oil explorer, announces that at the Company's Annual General Meeting held today in Mongolia, all resolutions put to the meeting were duly passed.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 9321 S Petro Matad Limited 11 November 2019 11 November 2019. Corporate Presentation Update and Shareholder Meeting. Petro Matad Limited, the AIM-quoted Mongolian oil explorer, is pleased to announce the release of the Company's latest corporate presentation which is available via clicking the link below or visiting the Investor Centre of the...
RNS Number: 3019 S Petro Matad Limited 05 November 2019 05 November 2019. Shareholder Update Meeting and Presentation. Petro Matad Limited, the AIM-quoted Mongolian oil explorer, today announces that the Company will be holding a shareholder update meeting and conference call followed by a Q&A session at 9:00am on Tuesday 12 th November 2019..
RNS Number: 0803 R Petro Matad Limited 24 October 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0794 R Petro Matad Limited 24 October 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Petro Matad Limited Plc (MATD.L) Announced in the results of well testing operations at its Heron-1 oil discovery in the north of Block XX, eastern Mongolia, adjacent to the producing Block XIX, operated by PetroChina, that positive results of well testing operations at Heron-1 oil discovery in the north of Block XX and DST2 flowed oil at a peak rate of 821 bopd as well as produced 46o API oil, without need for artificial lift or stimulation, exceptional for the Tamsag Basin and DST1 did not flow naturally but proved at least a 70 metre oil column in the well. The company will incorporate all data from the 2019 drilling campaign into rapid reinterpretation of Block XX in order to apply for an Exploitation Licence from the Government of Mongolia.
RNS Number: 9858 Q Petro Matad Limited 24 October 2019. Petro Matad Limited, the AIM quoted Mongolian oil explorer, is pleased to announce the results of well testing operations at its Heron-1 oil discovery in the north of Block XX, eastern Mongolia, adjacent to the producing Block XIX, operated by PetroChina.. ·Company will incorporate all data from the 2019...
RNS Number: 5776 Q Petro Matad Limited 21 October 2019 21 October 2019. Petro Matad Limited, the AIM-quoted Mongolian oil explorer, confirms that the Annual General Meeting of the Company will be held at 4.00 p.m. local time on 19 November 2019 at Blue Sky Tower, Topaz Conference Hall, Peace Avenue 17, Sukhbaatar District, Ulaanbaatar, Mongolia..
RNS Number: 3933 Q Petro Matad Limited 21 October 2019 THIS DOCUMENT AND THE ENCLOSED FORM OF PROXY ARE IMPORTANT AND REQUIRE YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this document or as to the action you should take you are recommended to seek your own personal financial advice from an independent financial adviser authorised...
Petro Matad The Gazelle-1 well result is at best highly inconclusive, the Lower Tsagaantsav is dry and the upper reservoir had ‘good wet gas shows recorded’ as well as 3m of net oil in good quality sandstones defined on the logs. From here any success will now be defined by further testing probably after the Heron works which are ongoing. Finally the company has postponed plans to drill in Block V this year, interestingly you may remember that I noticed way back in the spring that MATD had dropped Block V from this year’s plans so I’m not quite sure what that is about. Until I get to speak to Mike Buck there isnt much more I can add.
Gazelle-1 results Petro Matad Petro Matad has announced results from Gazelle-1, the final well in its three-well drilling campaign in Block XX, Eastern Mongolia. The well did not encounter hydrocarbons in the Lower Tsagaantsav objective and found a thin good quality pay zone in the Upper Tsagaantsav. We valued Gazelle at 1.4p/share (out of our total 20.1p RENAV for Petro Matad). The company’s operational focus will now switch to testing the successful Heron-1 well, which established a 77m gross oil-bearing interval in a structure that has proven productive in the adjacent Block XIX. Analysts Carlos Gomes Elaine Reynolds
RNS Number: 2428 Q Petro Matad Limited 17 October 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2424 Q Petro Matad Limited 17 October 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Petro Matad Limited (MATD.L) Announced the results of drilling and logging operations at the Gazelle-1 well in the north of Block XX, eastern Mongolia. The Gazelle-1 well has been drilled with the DQE Rig 40105 to a total depth of 2550 metres and wireline logging has been completed. Casing is now being run on Gazelle-1 and the well will be suspended pending further evaluation. Further, the company, in its operational update, indicated that testing operations at Heron-1 are progressing on schedule. In light of the additional and ongoing expenditure on well testing at Heron-1, the company is postponing its plans to return to drill in Block V during 2019.
RNS Number: 1423 Q Petro Matad Limited 17 October 2019. THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY PETRO MATAD LIMITED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION NO. 596/ 2014. Petro Matad Limited, the AIM quoted Mongolian oil explorer, announces the results of drilling and logging operations at the...
RNS Number: 5800 O Petro Matad Limited 03 October 2019. THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY PETRO MATAD LIMITED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION NO. 596/ 2014. Petro Matad Limited, the AIM quoted Mongolian oil explorer, is pleased to announce the commencement of testing operations at...
RNS Number: 9263 M Petro Matad Limited 19 September 2019. THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY PETRO MATAD LIMITED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION NO. 596/ 2014. Petro Matad Limited, the AIM quoted Mongolian oil explorer, is pleased to announce the spud of the Gazelle-1 exploration...
Mixed results in Block XX Petro Matad Petro Matad has today announced that the Red Deer-1 well in Block XX in Mongolia did not encounter hydrocarbons. The well was the second in a three well exploration and appraisal campaign and follows on from last week’s successful result in Heron-1. We valued Heron-1 at 3.3p/share, which has now been de-risked, and Red Deer-1 at 2.8p/share, which can now be discounted, but on balance we expect little to change in our last risked valuation of 21.6p/share The company will now complete its programme with the drilling of Gazelle-1 and the testing of Heron-1. Analysts Carlos Gomes Elaine Reynolds
RNS Number: 6433 M Petro Matad Limited 17 September 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Petro Matad Ltd.
MATD.L
Petro Matad Ltd.
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HQ
Blue Sky Tower
Peace Avenue 17
Suite 508, Sukhbaatar District
Ulaanbaatar
14240
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