11th Jul 2008 07:00
PRESS RELEASE
For immediate release: 11th July 2008
Matra Petroleum plc ("Matra" or the "Company")
Russian Court Case Result
At the deferred Moscow Regional Court hearing held yesterday, the presiding judge dismissed all claims by Gaz i Neft against Matra.
Peter Hind Matra's Managing Director said:
"We are very pleased that this matter has now been resolved. Progress and work on our discovery in Orenburg has not been affected and we look forward to aggressively pursuing field development, further exploration on our block and new opportunities in Russia."
For further Information, please contact:
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Matra Petroleum |
www.matrapetroleum.com |
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Peter Hind |
+44 (0) 7990 807855 |
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Aquila Financial Limited (PR) |
www.aquila-financial.com |
|
Peter Reilly |
+44 (0) 118 979 4100 |
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Matra's Nominated Adviser is RFC Corporate Finance Ltd |
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|
Steve Allen |
+61 8 9480 2500 |
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