Matra Petroleum Company News

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Matra Appoints New Chairman
Friday, April 12, 2013 Matra Petroleum says it has appointed Bill Guest as its new chairman.

Seismic Survey Completed at Matra's Russian Field
Monday, October 15, 2012 Matra announced the completion of the field phase of the seismic survey on its Sokolovskoe oil field in Orenburg, Russia.

Seismic Survey Commissioned at Matra's Sokolovskoe Field
Thursday, July 12, 2012 Matra announced the signing of an agreement with Orenburgskaya Geophysical Expedition to conduct a seismic survey on its Sokolovskoe oil field in Orenburg, Russia.

Matra Briefs Sokolovskoe Ops
Wednesday, May 09, 2012 Matra provides an operational update on its 100% owned Sokolovskoe oil field in Orenburg, Russia.

Matra to Boost Staff after Raising Funds from Russian Investor
Wednesday, April 11, 2012 Russia-focused Matra Petroleum said it is strengthening its technical and new ventures teams after raising more than $7 million from former TNK-BP executive Maxim Barskiy.

Matra Commences Production at Orenburg
Tuesday, March 27, 2012 Matra Petroleum plc announced that production commenced at Well A-13 on its 100 percent owned Sokolovskoe oil field discovery in Orenburg.

Matra Petroleum Makes 'Good Progress' on Sokolovskoe Oil Discovery
Monday, January 30, 2012 Matra expects to achieve oil production at the discovery "in the near future".

Operations Recommenced at Matra's Russian Well-12
Thursday, October 20, 2011 "Progress has been made on resolving the issues around Well-12 and this has allowed us to recommence operations with the workover rig," said Peter Hind.

Matra Shuts-In Ops at Well-12
Wednesday, August 17, 2011 Well-12 has suffered from a build-up of wax in the tubing and an increase in water cut to 70% and has ceased to flow and has now been shut-in, according to Matra.

Matra Completes Workover Well in Sokolovskoe Field
Wednesday, July 20, 2011 The planned workover on well-12 was completed at the end of June by installing a production packer, with the intention of isolating the productive zones in the well.

Matra Pumps Production in Russia
Tuesday, April 05, 2011 Matra announced that production has commenced from both existing wells in the Sokolovskoe Field, Russia.

Matra Briefs Russian Ops
Tuesday, March 08, 2011 Matra updated its operation in Russia.

Matra Trumps Holiday, Weather Delays at Russian Wells
Wednesday, February 02, 2011 Matra reported updates for its operations in Russia.

Matra Awarded Production License for Sokolovskoe Field
Thursday, December 23, 2010 Matra announced the award of the Production License for the Sokolovskoe Field to Arkhangelovskoe.

Matra: Production Delayed Due to Water Zone
Thursday, September 23, 2010 Matra confirms Sokolovskoe field's viability but reports delays due to the discovery of water.

Matra to Turn on Taps in Sokolovskoe Field
Monday, July 26, 2010 Matra reported that progress towards establishing production from well-13 and re-establishing production from well-12 is on schedule in Sokolovskoe field.

Matra Ramps Up Russian Ops
Wednesday, June 09, 2010 "Our priorities are: to put A-13 on production; to obtain the Production License; to re-establish production from well-12 and to remap the field using new data obtained," said Peter Hind.

Matra Appoints New Non-Executive Director
Wednesday, June 02, 2010 Matra announced the appointment of James William (Bill) Guest as a non-executive director.

Matra Updates on Sokolovskoe Field Drilling
Wednesday, May 26, 2010 Matra provided the results of appraisal well-13 on the Sokolovskoe field, in the Orenburg region, Russia.

Matra Recommences Drilling at Sokolovskoye Field
Friday, April 09, 2010 Matra provided an update on appraisal well-13 on the Sokolovskoye field, in the Orenburg region, Russia.

Matra Waves Goodbye to Founding Director
Friday, April 09, 2010 Matra Petroleum announced that Craig Burton, who is based in Australia and was a founding director of the Company, is stepping down as a non-executive Director of the Company.

Matra Recommences Appraisal Drilling in Russia
Wednesday, February 17, 2010 Matra has provided an update on appraisal well-13 on the Sokolovskoye field, in the Orenburg region, Russia.

Matra Updates on Sokolovskoye Appraisal Well-13
Tuesday, January 26, 2010 Matra Petroleum has provided an update on its appraisal well-13 on the Sokolovskoye field, in the Orenburg region, Russia.

Matra Clinches Financing for Sokolovskoe License Payment
Wednesday, November 25, 2009 Matra has secured financing for its application for the Production License over the Sokolovskoe Field. The remainder of the funds raised will be applied to working capital and, in particular, the advancement of new ventures.

Matra Petroleum Spuds A-13 Well Onshore Russia
Tuesday, October 27, 2009 Matra Petroleum announced that the A-13 well, on the Arkhangelovskoe License in Orenburg, Russia, spud on October 25, 2009.

Matra's Subsidiary Contracts Drilling Rig to Spud Russian Well
Monday, August 03, 2009 Matra's 100% owned Russian subsidiary "OOO" Arkhangelovskoe" has signed a turnkey contract with Petro-Management Drilling Company for the drilling of well-13 in the Sokolovskoe Field in Orenburg.

Matra Petroleum Gains Arkhangelovskoe License Boundary, Term Extension
Wednesday, July 01, 2009 Matra applied for and has now received formal approval from the relevant Russian authorities for an area extension to the north of the pre-existing Arkhangelovskoe license boundary.

Matra Gets Go-Ahead from Russian Authorities to Drill Next Well in '09
Monday, January 05, 2009 Matra's Russian subsidiary has received approval for a revised work schedule that allows the next well on the Arkhangelovskoe License to commence in 2009.

Matra Exits Hungary to Focus on Russian Assets
Thursday, December 18, 2008 Matra has decided to exit from Hungary, selling 40% of its shareholding in Gemstone Properties, in order to focus on its assets in Russia.

Matra Adds Sokolovskoe Discovery as Q2 Milestone
Thursday, August 21, 2008 Matra announced its interim results for the first half of 2008 and emphasized its significant and valuable discovery, Sokolovskoe, in the Company's Russian exploration license.

Matra Plugs Up Pamuk-1 Sidetrack Well
Monday, July 14, 2008 Matra plugged and abandoned its sidetrack well, Pamuk-1 ST, which was deviated from the original Pamuk-1 vertical hole. The well encountered oil and gas shows but is suspected to have been breached and to have only residual hydrocarbons.

Matra Hopeful in Russia, Moves Forward with Field Development
Tuesday, July 01, 2008 Following the successful acid treatment on Well A12, Matra has provided an operational update on the Sokolovskoe discovery in Orenburg, Russian Federation. Matra holds 100% of the Arkhangelovskoe License.

Matra Goes to Court in Russia
Thursday, June 26, 2008 Matra was notified that a previous 50% shareholder has instigated legal proceedings against Matra and its subsidiary Matra Cyprus Petroleum Limited in Russia.

Matra Strikes Out Swinging at Hungary's Pamuk-1
Tuesday, June 24, 2008 Matra Petroleum has plugged back the Pamuk-1 exploration well in Hungary's Inke Concession. The well encountered significant oil and gas shows, but ultimately yielded only water.

Matra Scores Successful Acid Treatment at Arkhangelovskoe - 12
Wednesday, May 28, 2008 Matra Petroleum announced that the Arkhangelovskoe - 12 discovery well on the Arkhangelovskoe License in Orenburg, Russia, has been successfully treated with acid to remove formation damage.

Matra Missteps at Arkhangelovskoe-11, Optimistic about Sokolovskoe
Thursday, May 15, 2008 Matra Petroleum plc announces that the Arkhangelovskoe-11 exploration well on the Arkhangelovskoe License in Orenburg, Russia, has reached TD of 3900m and has been logged and will be abandoned.

Matra to Complete Drilling Operations at Inke Concession in Hungary
Wednesday, April 30, 2008 Matra Petroleum's Hungarian subsidiary has signed a contract with Rotary Drilling of Hungary for the drilling of two exploration wells on the Inke Concession in Hungary.

Matra Awarded New Exploration License in Hungary
Monday, March 17, 2008 The new license covers a total of 383 sq km and is the central area surrounded by the Inke Concession already held by Matra.

Matra's Hungary, Russian Well Programs Hit Snags
Wednesday, February 13, 2008 Damage to a Russian well will require a remedial acid treatment for repair, while a Hungary well produced only water on a test.

Matra Making Moves in Russia and Hungary Production, Exploration
Tuesday, February 05, 2008 Matra Petroleum reported that production has commenced from the Arkhangelovskoe-12 well (Sokolovskoe discovery) in Russia on Dec. 31, 2007.

Matra Contracts Rotary Drilling of Hungary to Conduct Production Testing
Wednesday, January 09, 2008 Matra Petroleum has signed a contract with Rotary Drilling of Hungary to supply a workover rig to conduct production testing on the two discovery wells drilled in 2007.

Matra Spuds Second Russian Exploration Well
Thursday, January 03, 2008 The Arkhangleovskoe-11 exploration well on the Arkhangelovskoe License in Orenburg, Russia, spudded on Dec. 30, 2007.The well will be drilled to 3850 meters and is expected to take around 120 days in total and to cost $4.5 million.

Matra to Increase Production Activity in Russia for 2008
Monday, December 17, 2007 Matra Petroleum's Arkhangelovskoe-12 discovery well has now been completed for oil production, and the drilling rig is being moved off the location. Matra expects increased activity in the region.

Matra to Begin Production Testing in Hungary
Wednesday, December 12, 2007 Matra Petroleum to begin production testing on Horvatkut and Marcali discoveries in 2008 in Hungary.

Three in a Row for Matra
Tuesday, November 06, 2007 Matra has made an oil discovery at Arkhangelovskoe-12, the Company's first exploration well in Russia, adding to the Company's two discoveries in Hungary, announced earlier this year.

Matra Drilling Ahead on Arkhangelovskoe-12 in Russia
Tuesday, September 18, 2007 Matra Petroleum says that drilling on its Arkhangelovskoe –12 well in Russia is progressing well and in line with the prognosed schedule, having reached 3045m recently.

Matra Suspends Marcali-1 for Testing
Thursday, August 09, 2007 Matra Petroleum is suspending the Marcali-1 well for testing of the Pannonian gas discovery.

Matra Makes it Two for Two in Hungary
Wednesday, August 01, 2007 Matra Petroleum has made a second gas discovery from its 2007 two well exploration program on its Inke Concession in Hungary.

Matra Petroleum Says 2007 Exploration Program on Track
Tuesday, July 31, 2007 The 2007 Inke seismic acquisition program is underway in Hungary. It is expected that this seismic acquisition and the results of the current drilling program will lead to further drilling in Inke at the end of this year or early in 2008.

Matra Spuds its First Well in Russia
Monday, July 23, 2007 Matra Petroleum has spudded its first well of a four well drilling program in Russia on the Arkhangelovskoe License, 20kms north of Orenburg city.