Petro Matad Limited MATD

Shares in Mongolian oil company Petro Matad Limited (AIM:MATD, OTC:PRTDF, FRA:HA3) fell 19% to 0.98p after PetroChina instructed it to stop delivering crude. Following the edict, Petro Matad has shut its Heron-1 and Gazelle-1 wells. PetroChina’s Mongolian subsidiary said it could not process...

Petro Matad Limited (AIM:MATD, OTC:PRTDF, FRA:HA3) has shut in its Heron-1 and Gazelle-1 wells after PetroChina ordered deliveries of Block XX crude to stop, extending a long-running dispute over the company’s 2026 Oil Sales Agreement. The move comes despite PetroChina providing written...

Petro Matad Limited (AIM:MATD, OTC:PRTDF, FRA:HA3) told investors that the approval of its 2026 Oil Sales Agreement with PetroChina is expected shortly, potentially unlocking sales of around 35,000 barrels of Block XX crude accumulated so far this year. The AIM-quoted Mongolia-focused oil...

Petro Matad Limited (AIM:MATD, OTC:PRTDF, FRA:HA3) shares jumped 18% in Wednesday's early deals, rising to 1.21p, after the small cap told investors that PetroChina has paid US$1.03 million of revenue that was withheld against the company’s 2025 production invoices, clearing a key uncertainty as...