Matra Petroleum plc is focused on building a substantial oil and gas portfolio in Central Europe and Russia. The company has had its fair share of troubles in the past.
I have written up my thoughts on it here - http://www.stockopedia.com/article/view/32696/matra-petroleum-could-13-be-lucky-for-matra - so I won't repeat all those here, but broadly we have here a stock where the current share price is supported by existing discovery, where the current well is fully funded, and where there's a good possibility of much larger resources being discovered. Against that, stack politics, plus the fact that the company will need to raise money if A-13 is successful to drill the fourth well on the licence area.
Despite its chequered history, with a chance of doubling your money if A-13 works out, and some very good looking seismic data backing up the drilling program, this seems quite an attractive oil play.
Thoughts welcome!
