Petro Matad: Appointment of Macquarie Tristone to manage farm-out process and Presentation at Oil Barrel Conference
February 7 -- Petro Matad (MATD:LN) is pleased to announce that the Company is today presenting at the 57th Oil Barrel conferencein London. The Company's Exploration Director, Ridvan Karpuz will be providing an update on the Company's portfolio of exploration assets in Mongolia and explaining Petro Matad's strategy to seek farm-out partners to accelerate the exploration of the Company's acreage. The presentation contains no material information that has not been previously disclosed.
Petro Matad has engaged Macquarie Capital (Europe) Limited ("Macquarie Tristone") to find a strategic partner to progress exploration activities on its three 100%-owned onshore Blocks in Mongolia comprising 60,300 km2. The transaction will be by means of a joint venture or farm-out in order to expedite evaluation, seismic acquisition and drilling activities.
A copy of the Company's presentation to delegates at Oil Barrel will be available at the Investors' Section of the Company's website following the conference and information regarding the farm-out process can be accessed via the link below to the website of Macquarie Tristone.
http://www.macquarie.com/mgl/com/macquarietristone/mandates/petromatad
Link to release
Link to conference presentation
Petro Matad has engaged Macquarie Capital (Europe) Limited ("Macquarie Tristone") to find a strategic partner to progress exploration activities on its three 100%-owned onshore Blocks in Mongolia comprising 60,300 km2. The transaction will be by means of a joint venture or farm-out in order to expedite evaluation, seismic acquisition and drilling activities.
A copy of the Company's presentation to delegates at Oil Barrel will be available at the Investors' Section of the Company's website following the conference and information regarding the farm-out process can be accessed via the link below to the website of Macquarie Tristone.
http://www.macquarie.com/mgl/com/macquarietristone/mandates/petromatad
Link to release
Link to conference presentation
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