Petro Matad (PRTDF)

[plumo]

The following replaces the "Final results for year ended 31 December 2014" announcement released at 7:00am today under RNS number 4213R and amends the liquidity risk table, Note 19.

All other details in the announcement remain the same. The full text of the amended announcement is set out below.

Petro Matad Limited

Final results for year ended 31 December 2014

Petro Matad Limited ("Petro Matad" or "the Company"), the AIM quoted Mongolian oil explorer, announces its audited final results for the year ended 31 December 2014.

Operational Highlights

-- Announced farmout agreement for Blocks IV and V with BG Group in April 2015, which became unconditional in June 2015. Farmout consideration in exchange for BG Group earning 78% working interest in the blocks includes: free carry for first $28 million of gross expenditure in Blocks IV and V and cash consideration of $4.55 million (of which $2.75 million has been received).

-- Tenders for 2000 kms of 2D seismic acquisition, drilling of two 2000 meter core holes and Airborne Full Tensor Gradiometer (FTG) and High Resolution Aeromagnetics have been issued. These work programmes are to be undertaken in the second half of 2015.

-- Two basin opening wildcat exploration wells to be drilled in 2016. The location of the wells will be determined by the results of the work programme undertaken in 2015.
-- Discussions with potential partners for Block XX continue.