Zeus is delighted to have acted as Joint Bookrunner to Petro Matad, on their US$6m placing.
The capital raising will allow Petro Matad to move ahead on a number of fronts. In addition to the Heron discovery which is fully funded to production start-up, the Company will be able to test the low-cost, high impact Velociraptor exploration prospect where success would be transformational for both the Company and Mongolia. The Company will also evaluate new areas offered for licensing in Mongolia and explore renewable energy projects in Mongolia.