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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Shell Plc | LSE:RDSA | London | Ordinary Share | GB00B03MLX29 | 'A' ORD EUR0.07 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,895.20 | 1,900.20 | 1,900.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
By Philip Waller
LONDON--Shares in Petro Matad Ltd. (MATD.LN) rose as much as 22% on Wednesday after the oil producer said it is set to receive a $5 million compensation payment from Royal Dutch Shell PLC (RDSB.LN) for the latter's withdrawal from two production-sharing contracts in Mongolia.
Petro Matad said all parties have now signed so-called protocols of reassignment of Shell's stake in the deals and payment from Shell is expected in the next 10 days.
Shell issued a notice to Petro Matad exercising its exit option from the contracts, which cover blocks IV and V in west/central Mongolia, last April.
The Mongolian government approved the protocols of reassignment in December, but payment by Shell was delayed due to a technical issue.
Petro Matad is running a farm-out process for the blocks and has set a February deadline for bids.
At 1130 GMT, shares in Petro Matad were up 4.6 pence, or 19%, at 28.75 pence.
-Write to Philip Waller at philip.waller@wsj.com
(END) Dow Jones Newswires
January 18, 2017 07:12 ET (12:12 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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