Matra Petroleum

Matra Petroleum plc announces that the deadline by which the acquirer of the Arkhangelovskoe Licence must either provide the Company with a negative drilling report or pay an additional payment of US$10,000,000 has passed. The Company is therefore in the process of preparing the necessary documents to make a formal …

Matra Petroleum, the oil and gas investing company, is pleased to provide the following strategy update on progress towards implementing its investment policy and making a value accretive acquisition. The Company has appraised and evaluated a number of opportunities in Russia and the CIS and has concluded that the valuations …

Matra Petroleum plc, the oil and gas Investing Company, today announces its results for the six-month period ending 30 June 2013. Highlights Operational – Successfully completed 2D and 3D seismic survey on the Sokolovskoe Field – Average production from the Sokolovskoe Field of 126.4 bopd Corporate – ALLTECH introduced as …

Matra Petroleum is pleased to announce that it has signed an agreement to dispose of its 100% interest in the Arkhangelovskoe Licence which includes the Sokolovskoe Field, to a third party, consisting of an initial payment of US$25 million with a further payment of US$10 million payable within nine months, …

Matra Petroleum PLC, the independent oil and gas exploration and production company with operations in Russia, announced its results for the 12 month period ending 31 December 2011. Highlights: Operational • Well A-13 validated following successful extended well test Financial • Successfully raised £1.2 million through a placement in November 2011 …

Matra, an independent oil and gas exploration and production Company with operations in Russia, announces an update on its operations and plans in the Sokolovskoe Field, Russia. Current Operations Well-12 Well-12 has suffered from a build-up of wax in the tubing and an increase in water cut to 70% and …

Matra, an independent oil and gas exploration and production company with operations in Russia, is pleased to announce the following operations update for its Sokolovskoe Field: Well-12 Following pressure analysis and well testing which had indicated that Well-12 would benefit substantially from acid treatment, Well-12 was successfully treated with acid …

Matra,  an independent oil and gas exploration and production Company with operations in Russia, is pleased to announce that production has commenced from both existing wells in the Sokolovskoe Field, Russia. Neither well has yet stabilised and as expected both will require acid stimulation and/or pump installation to maximise production rates. Well …