Petro Matad have just raised another $18US Million for their 2019 drilling campaign in Mongolia.This shows that appetite is good for exploration in Mongolia now the oil price has risen significantly, they raised $18US million only a few months back,so in total, they have now raised $36million in 4 months for their exploration in Mongolia .They plan to drill 4 wells this year, begining with Snow Leopard in July. So Mongolia will be in the spotlight this summer and any positive news will be good PR for Wolf,so I suspect the darkest days are now over here and the recent share price bounce tends to confirm this.
WOF Price at posting:
1.2¢ Sentiment: Sell Disclosure: Held
