22nd May 2007 09:03
Matra Petroleum PLC22 May 2007 PRESS RELEASE For immediate release: 22 May 2007 Matra Petroleum plc ("Matra" or the "Company") Matra Russian Subsidiary granted extension to licence Matra's wholly owned subsidiary "OOO" Arkhangelovskoe has been granted a 14 sqkm extension to its exploration licence in Orenburg, Russia. A map of therevised licence is shown on Matra's website www.matrapetroleum.com . Technical review of the block has revealed a large potential structure on thesouthern limit of the block that extends beyond the initial boundary of thelicence. Application was made to include this additional area in order toencompass the likely extent of this potential structure. The extension wasgranted by the local authorities within the original terms of the licence. Peter Hind, Matra's Managing Director said "This extension will, subject tofurther technical review, allow us to include this prospect in the forthcomingdrilling programme. We are very grateful to the local authorities for theirco-operation." For further information, please contact: Matra Petroleum www.matrapetroleum.comPeter Hind, Managing Director +44 (0) 7990 807 855 Aquila Financial Limited www.aquila-financial.comPeter Reilly +44 (0) 20 7202 2601Yvonne Fraser +44 (0) 20 7202 2609 Matra's nominated Advisor is RFC Corporate Finance Ltd -Contact: Steve Allen +61894802500 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MTA.L