Petro Matad Ltd. (MATD)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.78p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.15p
  • 52 Week Low: 0.75p
  • Currency: UK Pounds
  • Shares Issued: 1,858.80m
  • Volume: 5,198,746
  • Market Cap: £14.41m
  • Beta: 0.29

Petro Matad begins testing operations on Heron-1

By Josh White

Date: Thursday 03 Oct 2019

LONDON (ShareCast) - (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.
The AIM-traded firm said the DQE Testing Rig 1 had been mobilised from Block XIX to the Heron-1 location and rigged up, with testing operations having now commenced.

If required, it said reservoir stimulation equipment was in Block XIX and was readily available.

The testing operations on Heron-1 were expected to be completed during October.

"At the nearby Gazelle-1 well, drilling with the DQE International Rig 40105 is progressing on schedule," the board added in its statement.

"Further updates will be provided in due course."

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MATD Market Data

Currency UK Pounds
Share Price 0.78p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.15p
52 Week Low 0.75p
Volume 5,198,746
Shares Issued 1,858.80m
Market Cap £14.41m
Beta 0.29

MATD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.99% below the market average9.99% below the market average9.99% below the market average9.99% below the market average9.99% below the market average
38.03% above the sector average38.03% above the sector average38.03% above the sector average38.03% above the sector average38.03% above the sector average
Price Trend
93.75% below the market average93.75% below the market average93.75% below the market average93.75% below the market average93.75% below the market average
80.82% below the sector average80.82% below the sector average80.82% below the sector average80.82% below the sector average80.82% below the sector average
Income Not Available
Growth Not Available

MATD Dividends

No dividends found

Trades for 18-Jul-2025

Time Volume / Share Price
16:26 70,000 @ 0.76p
16:12 500,000 @ 0.78p
15:31 1,304,641 @ 0.77p
15:08 90,000 @ 0.77p
14:43 25,000 @ 0.77p

MATD Key Personnel

CEO Mike Buck

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