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Petro Matad Ltd (MATD.L)

MATD.L on London Stock Exchange

10.63GBp
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Latest Key Developments (Source: Significant Developments)

Petro Matad says receives $10 mln exit payment from Shell unit
Thursday, 11 Aug 2016 07:43am EDT 

Petro Matad Ltd : Confirms that $10 mln exit payment stipulated by farmout agreement with Shell unit has now been received by company .Upon completion of reassignment a further $5 mln payment is due from Shell.  Full Article

Petro Matad, Shell affiliate end production sharing contract
Friday, 5 Aug 2016 04:30am EDT 

Petro Matad Ltd : That agreement has been reached by parties in relation to BGMH's exit from Block IV and V production sharing contracts . Under terms of agreement, Shell's affiliate will pay an exit amount of $10,005,303 . Under term under terms of agreement, Shell's affiliate will pay a further $5 mln upon completion of reassignment .Says reassignment of BGMH's 78 pct working interest back to CapCorp is subject to government consent.  Full Article