Petro Matad (PRTDF)

[plumo]

MATD's rise
By StockMarketWire | Mon, 16th March 2015 - 12:37
Petro Matad, the AIM quoted Mongolian oil explorer, has noted the rise in its share price and increased trading volumes.

As announced previously, Petro Matad has been seeking a farm-out partner and, whilst the company confirms that it is in advanced discussions with an international oil company regarding a possible farm-out of a proportion of its acreage, final terms are not yet agreed and there can be no guarantee that terms with the potential partner will be agreed or that any farm-out agreement will be concluded.