Russia - Revised work schedule

5 Jan 2009 07:00



PRESS RELEASE

For immediate release: 5 January 2009

Matra Petroleum plc ("Matra" or the "Company")

Russian Authorities approve revised well schedule

Matra is pleased to announce 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.

For further Information, please contact: