Petro Matad Ltd. (MATD)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

3.55p
   
  • Change Today:
    -0.35p
  • 52 Week High: 5.70
  • 52 Week Low: 2.60
  • Currency: UK Pounds
  • Shares Issued: 1,113.88m
  • Volume: 9,172,876
  • Market Cap: £39.54m

Petro Matad spuds Snow Leopard-1 in Taats Basin

By Josh White

Date: Tuesday 10 Jul 2018

LONDON (ShareCast) - (Sharecast News) - Mongolian oil explorer Petro Matad told shareholders on Tuesday that the Snow Leopard-1 well in the Taats Basin of Block V, of which it owned 100%, spudded on 9 July.
The AIM-traded firm said the Snow Leopard-1 well, which was targeting 90 MMBO and was the first of the company's 2018 four well drilling campaign targeting around 600 MMBO, was planned to drill to a total depth of 3,350 metres.

It was expected to take up to 70 days to complete.

"In the event of a discovery, the company will bring in a separate rig for testing," Petro Matad's board said in their statement.

"The company will make a further announcement on completion of drilling operations."

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MATD Market Data

Currency UK Pounds
Share Price 3.55p
Change Today -0.35p
% Change -8.97 %
52 Week High 5.70
52 Week Low 2.60
Volume 9,172,876
Shares Issued 1,113.88m
Market Cap £39.54m

MATD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
33.80% above the market average33.80% above the market average33.80% above the market average33.80% above the market average33.80% above the market average
57.50% above the sector average57.50% above the sector average57.50% above the sector average57.50% above the sector average57.50% above the sector average
Income Not Available
Growth
60.43% above the market average60.43% above the market average60.43% above the market average60.43% above the market average60.43% above the market average
60.78% above the sector average60.78% above the sector average60.78% above the sector average60.78% above the sector average60.78% above the sector average

MATD Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
17:05 550,000 @ 3.55p
16:12 13,666 @ 3.58p
16:11 57,070 @ 3.52p
16:10 5,000 @ 3.60p
16:10 555 @ 3.60p

MATD Key Personnel

CEO Mike Buck

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