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Petro Matad shares rise as Shell exit payment is now expected in matter of days
Petro Matad Limited (LON:MATD) shares rose in Wednesday’s early deals as it revealed that an awaited payment from Royal Dutch Shell is now expected in a matter of days.
Petro Matad, BG Group Partner Up In Two Blocks In Central Mongolia
Petro Matad Ltd Tuesday said it has entered into an agreement with FTSE-100 listed BG Group PLC which will see Petro Matad divest stakes in two blocks in Mongolia to the gas giant.
Kincora Copper welcomes reinstatement of Mongolian gold licences with new 12-year terms
Kincora Copper (CVE:KCC) has confirmed the reinstatement of its two gold exploration licences in Mongolia with new 12-year terms
Kincora Copper Mongolia exploration yields “very encouraging” initial results
Kincora Copper (CVE:KCC) released what it called “very encouraging” initial exploration results from Mongolia, in new area which is now being know as Shargal Tolgoi – which means ‘Yellowish Hill’.
Kincora Copper hails ‘win-win’ outcome in Mongolia
Kincora Copper (CVE:KCC) is confident two of its licences that were revoked by the Mongolian government will be returned after a resolution was tabled by the Ministry of Mining.
Kincora Copper’s Mongolian assets appeal to broker
Kincora Copper’s (CVE:KCC) prospects in the world class Oyu Tolgoi copper belt in south east Mongolia make in it an appealing exploration play, according to broker ResCap.
Brokers hope for positive end to Mongolian stand-off
Analysts at ResCap say they are increasingly optimistic that a deal will be struck to end a bitter stand-off between the government of Mongolia and Rio Tino over the massive Oyu Tolgoi (OT) copper mine.
Kincora Copper’s more aggressive exploration is ‘very positive step’ – broker
Mongolia-focused Kincora Copper (CVE:KCC) is taking a “very positive step” by using more aggressive geophysical tools, according to broker Ocean Equities.
Petro Matad to update shortly on 2012 field season plans for Mongolian oil projects
Mongolia-focused oil group Petro Matad (LON:MATD) said it is in the final stages of completing its internal reports outlining the results of the extensive 2011 field season for Blocks IV and V Production Sharing Contract areas in the country.
Petro Matad’s co-chairman Toll retires from board
Co-chairman Gordon Toll is retiring from the board of Mongolia focused Petro Matad (LON:MATD), it emerged. Toll has retired immediately to focus on personal matters and other business interests in the mining industry, the oil firm said in a statement this morning.
Kincora Copper excited by exploration results from Buyant licence in Mongolia
Kincora Copper (CVE:KCC) has revealed exploration results from the Buyant licence. The Buyant licence – also known as the Bronze Fox Project – is located in southeast Mongolia on the same copper-gold belt that hosts the world class Oyu Tolgoi deposit, which is being developed by Rio Tinto. In October the explorer completed 1,240 metres [...]
Wednesday’s most followed including Petro Matad, Beacon Hill Resources, Lloyds banking group, Aminex, Valiant Petroleum
Mongolia-focused oil explorer Petro Matad (LON:MATD) was one of the most popular searches on UK Google Finance this morning. The company reported yesterday exploration efforts on the Block XX oil field. The news disappointed investors and the shares fell during the day. However, this morning the company’s shares rallied and was up 5.45 percent on [...]
Petro Matad spuds Davsan Tolgoi-9 exploration well in Mongolia
Mongolia focused oil explorer Petro Matad (LON:MATD) confirmed that it has now spudded the Davsan Tolgoi-9 well on Block XX. This latest well will target the Lower Tsagaantsav reservoir, which Petro Matad has found to be oil bearing in other parts of the block, around 2.5 kilometres south of the DT-4 that was drilled back [...]
Petro Matad restarts Davsan Tolgoi-4 well after winter shut-down
Petro Matad Ltd said it has restarted drilling operations at its Davsan Tolgoi-4 (DT-4) well on Mongolia’s Block XX following the winter shut-down. In early December 2010 it suspended the drilling of DT-4 at a depth of 1,271 metres and an orderly shutdown and hibernation was successfully carried out. In the last few weeks the [...]
Prophecy Resources: Building Asia’s Next Energy Company
Prophecy Resources (TSX-V:PCY), is a fast growing and internationally diversified entity that is currently ramping up coal production in Mongolia, but is also engaged in developing Mongolian electricity production, and, nickel and platinum group metals projects including the PGM Project in Yukon, and Lynn Lake Nickel Sulphide Project in Manitoba. Prophecy has completed a NI [...]
Petro Matad to raise US$46.8 mln for accelerated drilling programme in Mongolia
Petro Matad (LON:MATD) announced it is conditionally raising up to US$46.8 million before expenses through a placing and subscriptions for up to 22,483,878 new shares at 135 pence each, primarily to accelerate in drilling programme on Block XX in Mongolia. It has already received commitments to subscribe for 13,640,203 placing shares, raising approximately US$28.4 million. [...]
Petro Matad has restarted operations at its Davsan Tolgoi prospect
Petro Matad has restarted operations at its Davsan Tolgoi prospect in Block XX, in Mongolia’s Dornod Aimag Province, after the foot-and-mouth enforced restrictions were lifted.