REG - Petro Matad Ltd - Financial Update <Origin Href="QuoteRef">MATD.L</Origin>

Petro MatadAnnouncement

11/08/2016 12:45

RNS Number : 9560G
Petro Matad Limited
11 August 2016
11 August 2016
Petro Matad Limited 
("Petro Matad"or the "Company")

Financial Update
Further to the Company's announcement of 5th August 2016, Petro Matad confirms that the $10,005,303 exit payment stipulated by the Farmout Agreement has now been received by the Company. 
Upon completion of the reassignment a further $5m payment is due from Shell.
A further announcement will be made in due course
Further Information: 
Petro Matad Limited 
Ridvan Karpuz, CEO 
+976 70141099 / +976 75751099 
NOMAD and Broker 
Stockdale Securities Limited 
Richard Johnson / David Coaten 
+44 (0)20 7601 6100

This information is provided by RNS
The company news service from the London Stock Exchange
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