Mongolian oil explorer Petro Matad has raised £13.7 million through the placing of 136m shares.
Mongolia-focused oil explorer Petro Matad has hired a new chief executive.
Petro Matad has signed a deal with BGP Inc, a division of China National Petroleum Company, for its seismic campaign in Mongolia.
Petro Matad shares were down by more than a third in London yesterday after the Mongolian oil explorer said it would have to delay drilling the Snow Leopard play.
Petro Matad has secured a rig to drill its Snow Leopard development in Mongolia.
Mongolian exploration company Petro Matad has secured extensions for two of its exploration blocks in the country as it aims to spud the first well in the third quarter of this year.
Sinopec Mongolia has been given a letter of intent to drill up to two wells in the country for explorer Petro Matad.
Petro Matad has awarded a 2D seismic contract to Khet for its central Mongolian asset.
Petro Matad will undertake the first airborne survey of its kind in the mountainous desert areas of Mongolia to assess exploration opportunities.
Petro Matad, the parent of a group of companies focused on oil exploration as well as future development and production in Mongolia, has announced condition-free status for a two-block farm-out deal.