Petro Matad has been notified that Messrs Philip Vingoe and George Watkins, both Non Executive directors of the Company, have today purchased 500,000 and 200,000 ordinary shares of US$0.01 in the Company ("Ordinary Shares") respectively. The share purchases were made at a price of 7.63 pence per Ordinary Share.
Following the purchases Mr Vingoe has a beneficial interest in 500,000 Ordinary Shares, representing approximately 0.27 per cent. of the Company's issued share capital and Mr Watkins 200,000 Ordinary Shares representing approximately 0.11 per cent. of the Company's issued share capital.
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 10,340kmē in the far eastern part of the country. Blocks, IV and V are located in central Mongolia. Block IV covers approximately 29,000kmē and Block V approximately 21,150kmē.
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.
Petro Matad Limited
Douglas J. McGay - CEO
+976 11 331099
NOMAD and Joint Broker
Westhouse Securities Limited
Richard Baty / Petre Norton
+44(0)20 7601 6100
Macquarie Capital (Europe) Limited
Jeffrey Auld / Steve Baldwin / Nicholas Harland
+44(0)20 3037 2000
Investor and Public Relations
+44(0)20 7251 3801
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