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plumo

Re: None

Thursday, 08/11/2016 8:29:45 AM

Thursday, August 11, 2016 8:29:45 AM

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Financial Update.(11/08/2016)

Further to the Company's announcement of 5th August 2016, Petro Matad confirms that the $10,005,303 exit payment stipulated by the Farmout Agreement has now been received by the Company.

Upon completion of the reassignment a further $5m payment is due from Shell.

A further announcement will be made in due course
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