Petro Matad FY Pretax Loss $5.08M Vs Loss $6.28M

24th Jun 2010 10:58

LONDON (Dow Jones)--Petro Matad Ltd. (MATD.LN), an AIM quoted Mongolian oil explorer, Thursday reported a full year pretax loss of $5.08 million, compared with a loss of $6.28 million a year earlier. MAIN FACTS: -Loss per share for the year ended Dec. 31 4.7 cents (2008: loss 7.6 cents) -The aggregate $12.5 million raised during 2009 is sufficient funding for Petro Matad to proceed with its exploration program and to take advantage of the opportunities presented by three exploration blocks, Block XX, Block IV and Block V. -Shares at 0955 down 0.25 pence, or 0.6%, at 42.75 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [email protected] (END) Dow Jones Newswires June 24, 2010 05:58 ET (09:58 GMT)