Share Name Share Symbol Market Type Share ISIN Share Description
Petro Matad LSE:MATD London Ordinary Share IM00B292WR19 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375p -1.96% 18.75p 18.50p 19.00p 19.125p 18.625p 19.125p 234,087 12:18:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.0 -0.1 0.1 242.5 53.99

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Date Time Title Posts
24/5/201711:38The Resurrection Of MATD356
23/1/201720:10Petro Matad7,108
25/11/201610:30MATD RISE OF THE PHOENIX1,567
02/11/201608:52Petro Matad (MATD) Shell is to pay Ј12m cash to disengage from its commitments224
16/8/201611:03Petro Matad PLC - Discussion Thread Moderated364

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Petro Matad Daily Update: Petro Matad is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MATD. The last closing price for Petro Matad was 19.13p.
Petro Matad has a 4 week average price of 18.63p and a 12 week average price of 18.63p.
The 1 year high share price is 38.75p while the 1 year low share price is currently 1.53p.
There are currently 287,924,275 shares in issue and the average daily traded volume is 472,173 shares. The market capitalisation of Petro Matad is £53,985,801.56.
loglorry1: fredmatad nope there have been 5.6m shares issued. Read the RNS. -- the Company will pay the Investor a commencement fee of US$632,000 to be satisfied by way of the issue of 2,151,951 new Shares; and -- the Company has agreed to issue to the Investor 3,500,000 new Shares at par (US$0.01 per Share), by way of security for the performance of the Company's obligations under the Agreement. The morotorium on Block XX was only for one year e.g. during 2016. It's in the AR. They have extended the license to July 2018 but they've said they need to show funding to fulfil drilling obligations before the end of the moratorium e.g. now. It's a large amount too $23m+4.3m page 80
goldbullion: On behalf of my good friend loglorry1, who by a small mistake, posted this on CTAG thread. loglorry18 May '17 - 15:37 - 579 of 580 0 0 Bears here who are looking for opportunities on the short side should take a look at MATD. It's just announced a death spiral financing agreement with Bergen.
pwhite73: And I told you they can only go so far. Up 13%.This is what I am talking about. With no discount placing to support shorts they have to scramble for the exit when they smell danger. No sooner does the share price rise then a new set of shorters move in and try their luck. $11 million is just too much money for shorts to have any sustained life here.
captain james t kirk: Well if you don't believe that 166 million free float shares isn't substantial, then I despair. You do realise I hope that there are 287 million shares in issue. If PI selling has nothing to do with this fall, then what pray has. Yesterday the volume traded was just under 1.4 million shares and there were 73 trades averaging out at just over 19000 shares a trade. Strip out a few large trades and that average plummets. You are right about no news soon and that's why the share price is drifting lower. nearly 5p this week alone. As I stated previously, the most likely next news on this is a placing. One final point, if you agree with the possibility that this could get to 5p - "those who can afford to buy all the way down to 5p (if it ever gets there) should do so." Would it not be better to sell and buy back in later ?
pwhite73: The only thing that's proven is that the company has the cash to carry out its drill programme for this year. There is a strong possibility the company may engage a farm in partner. Why shorting is 100% always effective in these AIM oilers is that they all without exception have to return to the markets for funding at a discount to the prevailing share price. With $11 million in the bank MATD does not have this cash problem. This is why the shorting game here will only be short lived. Watch and learn.
pwhite73: The share price is at fair value at the moment pending the payment from Shell. I don't believe the sells are genuine but shorts.
captain james t kirk: If there's no JV then they will be obliged to go for a share issue. It would make sense to do that before the drilling campaign and at present share price levels.
mrjackpot777: Petro Matad Limited Share Price Movement and Result of AGM 09/12/2016 11:55am UK Regulatory (RNS & others) Petro Matad (LSE:MATD) Intraday Stock Chart Today : Friday 9 December 2016 Click Here for more Petro Matad Charts. TIDMMATD RNS Number : 4679R Petro Matad Limited 09 December 2016 9 December 2016 Petro Matad Limited ("Petro Matad" or the "Company") Share Price Movement and Result of AGM Petro Matad notes the recent movement in the Company's share price and can confirm that there is nothing further to update since the Company's updates on 3 November and 16 November 2016. The Company continues to expect that the approval from the Mongolian Government of the reassignment of the interest in Blocks IV and V is likely to occur before the end of 2016. Following the approval, Petro Matad will hold 100% of Blocks IV and V, and a payment of USD$5 million will be due to the Company from Shell. The Company's formal farmout process is in progress. There is a significant amount of interest expressed in our blocks and several companies are now reviewing the information in the data room. Therefore, the Company has extended the bid deadline to February 2017. Result of AGM The directors of Petro Matad announce that, at the Company's annual general meeting held today in Mongolia, all resolutions put to the meeting were duly passed. Further updates will be made in due course.
okuta: How did the share price finish in the US on Friday , anyone know please ? A good start here .
jeanpenty: Evil Diaries today: Things got interesting latish yesterday in Petro Matad (MATD), now capitalised at £4.5m given the shares in issue of 280m at 1.65p. Essentially, Shell is due to cough up $10m by way of an exit fee and have not yet paid over the necessary. This is because there is no point in doing so if the money just gets consumed by bureaucracy. The Mongolian government refuse to allow the licences falling to be transferred out of the Shell JV to MATD alone unless satisfied that the drilling work which has been and remains scheduled will be carried out. MATD advise that further funds will be required above and beyond the $10m. They do not specify just how much is required. It is of course possible that MATD cannot raise the necessary. In which event the licences in question will lapse. But my guess is that MATD will raise the necessary and that Shell will pay up and that MATD will be financed for the drilling programme. Where this settles the share price I do not know. I bought 1m at 2.2p.
Petro Matad share price data is direct from the London Stock Exchange
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