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The latest announcement is out from Petro Matad ( (GB:MATD) ).
Petro Matad has resolved a revenue dispute with PetroChina, receiving $1.03 million in previously withheld 2025 production payments, and is close to finalising its 2026 Oil Sales Agreement while maintaining steady output from its Heron-1 and Gazelle-1 wells on Block XX. The company is also advancing farm-out talks for Blocks XX and VII and pushing ahead with a 200MW hybrid wind, solar and battery project, alongside green hydrogen and storage initiatives that could strengthen its role in Mongolia’s emerging clean-energy export sector.
SunSteppe Renewable Energy has completed key feasibility, environmental and grid studies for the 200MW hybrid project in Tuv Province and is targeting Ready-to-Build status in 2026, with international partners showing interest. Progress continues, albeit slower than hoped in green hydrogen at Oyu Tolgoi and a 50MW BESS project at Choir, while cross-border work with Chinese and Saudi partners reinforces Mongolia’s competitiveness as a regional renewable power exporter.
The most recent analyst rating on (GB:MATD) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Petro Matad stock, see the GB:MATD Stock Forecast page.
Spark’s Take on GB:MATD Stock
According to Spark, TipRanks’ AI Analyst, GB:MATD is a Neutral.
The score is held back primarily by very weak profitability and consistently negative (and worsening) free cash flow, despite sharp revenue growth. A strong, low-debt balance sheet provides an important offset, while technical signals are mixed/neutral and valuation remains challenging due to losses and lack of dividend data.
To see Spark’s full report on GB:MATD stock, click here.
More about Petro Matad
Petro Matad Limited is an AIM-quoted Mongolian oil company focused on exploration and production activities, notably on Block XX and Block VII. Through its SunSteppe Renewable Energy arm, the group is also building a portfolio of large-scale renewable power, green hydrogen and battery storage projects aimed at Mongolia’s domestic market and potential regional energy exports.
Average Trading Volume: 7,503,597
Technical Sentiment Signal: Sell
Current Market Cap: £20.91M
See more insights into MATD stock on TipRanks’ Stock Analysis page.