Audio Note: Petro Matad – US$6m equity raise for Velociraptor-1 well

Petro Matad

16 February 2023

In this audio note, Zeus’ Daniel Slater summarises the investment case for Petro Matad.

Equity raise to fund Velociraptor drilling. Petro Matad is raising US$6m of equity to fund drilling of its c.200mmbbl Velociraptor exploration prospect, onshore central Mongolia. On success this could lead to appraisal drilling and a subsequent development licence application.

Listen to the audio note below, and read the full research here.

Listen to all episodes of the Zeus Research team Audio Notes here.


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