MTA Matra

TIDMMTA

RNS Number : 2956Y

Matra Petroleum PLC

01 March 2012

1(st) March 2012

Matra Petroleum plc

("Matra" or the "Company")

Appointment of adviser

The Board of Matra is pleased to confirm that Fox-Davies Capital Limited ("FoxDavies") has been appointed as nominated adviser to the Company with immediate effect. This role is in addition to FoxDavies' existing role as broker to the Company.

For further information, please contact:

 
Matra Petroleum plc                  www.matrapetroleum.com 
 
Peter Hind, Managing Director        +44 (0) 7990 807 855 
Neil Hodgson, Exploration Director   +44 (0) 7973 342 822 
 
 
Fox-Davies Capital Limited 
 Barry Saint (nominated adviser)     +44 (0) 203 463 5010 
Daniel Fox-Davies/ Richard Hail 
Pelham Bell Pottinger 
Henry Lerwill                        +44 (0) 20 7861 3169 
 
 
 
 

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.

Further information on Matra is available on its website at www.matrapetroleum.com

This information is provided by RNS

The company news service from the London Stock Exchange

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