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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…
Matra have been rumoured to be in discussion with Macquarie bank in funding a well on the existing Sokolovskoe oil field and a potential venture near the Kudryashovsky license in Russia. The new license is thought to be up for sale by a state auction and all exploration and production licenses are henceforth already granted by the state for a period of 25 years. This…
It is thought that A14 drilling approval is on the way. A-14 has a target depth of 3850 metres, will take 120 days and cost USD $4.5m. Despite all the bad luck with A12; A14 development well, which was meant to spud in November will now be expected to spud in February. Matra expects to realese the initial results in early June. Matra are looking…
Matra Petroleum (LON:MTA) are ready to bounce back after having had setbacks from Well-12 on the Sokolovskoe Field in Russia after remedial work failed to fix the well. Matra is an AIM-listed oil and gas exploration and production company with a single asset located in the Orenburg region of Russia where it owns 100% of the rights to the Arkhangelovskoe licence - The recent CPR…
MrNachos - Soko is now on the back burner but we will see A14 spud in the next 12 months. I will be at the AGM. I will put many questions to MB
MrNachos - I think they will announce board members before the AGM but its unlikely they will have started by then. The aquisition of vetra is not for $500m its actually $200 (again the press have made a figure up) I caught wind of this deal with Vetra well before any press release and think this deal will be pushed through in the coming month.…
MrNachos - News on appointments will arrive shortly....You will note that they will have worked with MB in the past also. The acquisition has been talked about in the city and will be public in soon. Regards
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