Issue of Equity

RNS Number : 6684Y

Petro Matad Limited

05 March 2012

 



Petro Matad Limited

("Petro Matad" or the "Company")

Issue of Equity

Issue of equity

Petro Matad announces that 280,000 ordinary shares of US$0.01 each were issued today under the terms of the Company's Long Term Equity Incentive Plan, at nominal value.

Following this issue, Petro Matad will have 185,063,521 shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 185,063,521.

About Petro Matad Limited

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia.  The Group holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia.  Block XX has an area of 10,340km² in the far eastern part of the country.  Blocks, IV and V are located in central Mongolia.  Block IV covers approximately 29,000km² and Block V approximately 21,150km².

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V.  Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

Further information:

Petro Matad Limited

Douglas J. McGay - CEO 

[phone]

Westhouse Securities Limited

Richard Baty/Petre Norton

[phone]

 

END

 

 

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