Petro Matad Ltd (MATD): Thursday, Dec. 23, 2010 PRTDF up almo...

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Thursday, 12/23/2010 2:50:16 PM

Thursday, December 23, 2010 2:50:16 PM

Thursday, Dec. 23, 2010

PRTDF up almost 25% today on excellant volume, 400K shares ( when the volume is usually 100K shares ).

Two factors : price of oil rising, along with the demand for same, now $91.50 a barrel.

Second factor - British investors are saying Petro Matad just joint ventured with the Parkmead group to develop blocks IV and V.

Should get pretty interesting.

Red

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