Petro Matad Ltd. (MATD)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 2.90p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.24p
  • 52 Week Low: 2.60p
  • Currency: UK Pounds
  • Shares Issued: 1,113.88m
  • Volume: 1,809,874
  • Market Cap: £32.30m

BG Group rises following farm-in agreement in Mongolia

Date: Tuesday 07 Apr 2015

LONDON (ShareCast) - Shares in BG Group jumped on Tuesday thanks to the oil market recovery and the acquisition of Mongolian assets.
Oil market benchmarks recovered following declines in pre-Easter trading as Iranian nuclear talks ended in a settlement.

The natural gas company entered into an agreement with Petro Matad, acquiring a 78% stake in Block IV and Block V in central Mongolia for $28m.

In addition to the mutually agreed amount, the group will pay Petro Matad $4.5m in cash.

Oyungerel Janchiv, acting chairperson at Petro Matad said: "BG Group's decision to enter Mongolia is an endorsement of the potential within the acreage and Petro Matad's technical work to date."

Shares in BG jumped 6.74% to 910.4p on Tuesday, while Petro Matad gained 67.26% to 8.99p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MATD Market Data

Currency UK Pounds
Share Price 2.90p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.24p
52 Week Low 2.60p
Volume 1,809,874
Shares Issued 1,113.88m
Market Cap £32.30m

MATD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
51.48% below the market average51.48% below the market average51.48% below the market average51.48% below the market average51.48% below the market average
2.5% below the sector average2.5% below the sector average2.5% below the sector average2.5% below the sector average2.5% below the sector average
Income Not Available
Growth
61.29% above the market average61.29% above the market average61.29% above the market average61.29% above the market average61.29% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average

MATD Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
16:35 300,000 @ 2.92p
16:26 50,000 @ 2.92p
15:41 136,311 @ 2.90p
15:40 17,208 @ 2.86p
15:28 34,031 @ 2.92p

MATD Key Personnel

CEO Mike Buck

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