M.B statment3 Feb 2023 14:23
Buck said on Thursday: "This capital raise will allow Petro Matad to move ahead on three fronts in addition to the development of the Heron discovery where we are already fully funded to production start-up which is targeted for this year. The proceeds will enable us to test the low-cost, high impact Velociraptor exploration prospect where success would be transformational for both the company and Mongolia. We have identified a cost-effective drilling solution for Velociraptor with equipment already in country and the necessary contractual approvals in place."
Current stock price: 2.9p, down 29%