Matra Gets Go-Ahead from Russian Authorities to Drill Next Well in '09

Matra has announced that its 100% owned Russian subsidiary "OOO" Arkhangelovskoe that operates the Arkhangelovskoe License in Orenburg, Russia has received formal approval from the relevant Russian authorities for a revised work schedule that allows the next well on the block to be commenced in 2009. The previous requirement was for the well to have been started in 2008.