MTA.L Share News (MTA)

Matra Petroleum To Cancel Trading On AIM

LONDON (Alliance News) - Matra Petroleum PLC Wednesday said that the resolution to cancel its admission of shares on AIM has been approved, and the cancellation of trading will take effect from May 1. The US focused oil and gas investment company had been suspended from trading for five mon

Matra Petroleum Gets Additional USD10 Million For Arkhangelovskoe Licence

LONDON (Alliance News) - Matra Petroleum PLC Monday said that it has received an additional USD10 million payment from the acquirer of the Arkhangelovskoe Licence, and had therefore dropped its request for the guarantor to make the payment. In a statement on April 3, the company said that i

Matra Petroleum Swings To Pretax Profit On Disposal Gain

LONDON (Alliance News) - Matra Petroleum PLC Monday said it swung to a pretax profit in 2013 as a result of cash from its Sokolovskoe oil field disposal in Russia during the period. The US-focused oil and gas investment company, which is currently proposing to cancel the admission of the co

Matra To Seek Outstanding USD10 Million Payment For Arkhangelovskoe

LONDON (Alliance News) - Matra Petroleum PLC said Thursday it is preparing a formal request to JSC joint stock commercial bank Jugra in Megion City in Russia for the USD10 million that remains due for the Arkhangelovskoe Licence. Jugra is the guarantor for the undisclosed party that acquire

Matra Petroleum Proposes Admission Cancellation To Complete Reverse Takeover Deal

LONDON (Alliance News) - Matra Petroleum PLC Tuesday said it is proposing to cancel the admission of the company's shares trading on AIM in order to complete the reverse takeover of PG-M International LLC. The US focused oil and gas investment company had been suspended from trading for fiv

Matra Petroleum Announces Results Of Independent Reserve Audit

LONDON (Alliance News) - Matra Petroleum PLC Monday announced the results of an independent reserve audit conducted by DeGolyer and MacNaughton. The US focused oil and gas investment company said the study tested the company's leasehold interests, including those in the Texas Panhandle regi

Matra Petroleum Completes Phase 2 Investment In Texas

LONDON (Alliance News) - Matra Petroleum PLC Wednesday said it has completed phase two of its investment in the Texas Panhandle region of the US. The oil and gas investing company said it has completed phase two of the three stage acquisition of certain oil and gas leaseholds in Texas throu

Matra Petroleum Suspended As It Makes Its First US Investments

Urals Energy bounces as rival takeover bid emerges

Russian oil explorer Urals Energy has received a cash bid from an unnamed investor that could thwart the takeover aspirations of a rival pair of shareholders. AIM-listed Urals was requisitioned 10 days ago by shareholders Alpcot Capital Management and Fire East Corporation, who together hold just

Matra Petroleum Shifts Investment Focuses To US

Matra shares soar on Arkhangelovskoe disposal

AIM-listed oil and gas eploration company Matra Petroleum has signed an agreement to dispose of its 100 per cent interest in the Arkhangelovskoe Licence, which includes the Sokolovskoe Field, to a third party. The sales consists of an initial payment of $25m with a further payment of $10m payable w

Matra Petroleum updates resource estimate for Sokolovskye field

AIM-listed oil and gas exploration and production company Matra Petroleum has provided an update on the level of resources estimated to be present at its 100 per cent owned Sokolovskye oil field in Orenburg, Russia. The company reported that 3D seismic data interpretation had identified that the Ap

Matra Exploration appoints new Chairman

Matra Exploration announced the appointment on Friday of Bill Guest as Chairman. Guest, who has 37 years of experience in oil and gas including work for Shell International and Monument Oil, succeeds the late Sir Michael Jenkins. He has been a Non-Executive Director of Matra since 2010 and is als

Matra Petroleum completes seismic survey on Sokolovskoe oil field

Matra Petroleum announced on Tuesday it has completed the seismic survey on its Sokolovskoe oil field in Orenburg, Russia. Field works were carried out on the prospect, including a survey of 100 kilometres of 2D seismic and 60 square kilometres of 3D seismic. The company said seismic results reve

Resource round-up: Sirius Minerals, Matra, AFC Energy

Global potash firm Sirius Minerals reported promising results at its project in York. It said a third borehole at the site had revealed lateral consistency of the deposit, which the firm said was an important step to achieve sufficient defined resource to underpin financing of the project. AFC Ener