The Board of Matra is pleased to confirm that Canaccord Genuity Limited has been appointed as nominated adviser and broker to the Company with immediate effect.
For further information, please contact:
Matra Petroleum plc c/o Pelham Bell Pottinger
Henry Lerwill 020 7861 3169
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor 0207 523 8000
Further to the disclosure requirements of paragraph of Schedule 2(g) of the AIM Rules, Mr. Gideon Tadmor, a non-executive director of the Company, was a director of Delek Energy International Ltd., a private company which was put into voluntary liquidation on 18 January 2012 following a group resturctuing.
Notes to Editors:
· Matra owns 100% of the Arkhangelovskoe Production licence where the first exploration Well A-12 drilled in 2007 discovered the Sokolovskoe oil field. Well A-12 produced high quality oil from a Devonian carbonate reservoir (Aphonenski)
· Well A-13 was the second well drilled in the Sokolovskoe oil field and was placed on extended test during 2011 when it flowed oil at sustained rates on long-term test. Based on the results of a study by Equipoise Solutions Ltd ("Equipoise"), a specialist geoscience consultancy and all other field data, Energy Resource Consultants Ltd ("ERC"), an independent reservoir evaluation company, completed a Competent Persons Report on the Sokolovskoe oil field that determined P50 recoverable contingent resources of 15.1 million barrels
· The Arkhangelovskoe Production Licence was awarded on 22nd December 2010 and is valid to 31st December 2030
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