Petro Matad Limited

“Positive results from Gazelle-1 will also provide information to determine an appraisal strategy...In the event of success at Gobi Bear-1, this could add significant oil resources in Block XX...these wells can quickly be brought on stream”

Use of proceeds section presents speculative exploration outcomes as near-term revenue opportunities. Phrases like 'quickly be brought on stream' and 'significant oil resources' lack adequate qualification for an exploration-stage company.

Results of Placing and Subscription

This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Petro Matad Limited or other evaluation of any securities of Petro Matad Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities . This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No .  596/2014) as it forms part of United Kingdom domestic l…

Retail Offer

THIS ANNOUNCEMENT. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF PETRO MATAD LIMITED). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFO…