Matra Petroleum plc (“Matra”) is an independent oil and gas exploration and production company operating in the Russian Federation. The company is now focussed on building a portfolio of development and producing assets in the Volga/Urals area of Russia.

A full field seismic survey commences in 8 days, which will locate the optimum position for the next well A14. Furthermore, these interpretations are expected to take 3 months to data collect and interpret for the southern section of Soko.

Next week will see flow rates of A13, which are likely to be in the region of 100bopd (with the aid of a pump).

Matra are currently reviewing opportunities in the Western Siberia area where they could be targeting oilfields of 2P reserves of almost 200 million barrels of oil.

The City may take note of this next week.

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