Director/PDMR Shareholding

RNS Number : 0256K

Petro Matad Limited

13 April 2015

 

Petro Matad Limited

("Petro Matad" or the "Company")

Director's Dealings

The Company has been notified today that Mr Ridvan Karpuz, non-executive director, purchased 70,000 ordinary shares ("Shares") at a price of 6.2p per share on 10 April 2015. Following this share purchase, Mr Karpuz has a beneficial interest in 690,788 Shares, representing 0.25% of the current issued share capital of the Company.

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. At the current time, Petro Matad holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340 km² in the far eastern part of the country, and Blocks IV and V have an area of 28,900 km2 and 21,100 km2, respectively, in the southwest part of the country.

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

John Henriksen, CFO

[phone]

NOMAD and Broker

Westhouse Securities Limited

Alastair Stratton / Martin Davison

[phone]

 

END

 

 

RDSUOUURVVASAAR