7th Apr 2009 09:27
PRESS RELEASE
For immediate release: 7 April 2009
Matra Petroleum plc ("Matra" or the "Company")
Russian VAT refund delays requirement for Interim Funding
Matra is pleased to announce that its 100% owned Russian subsidiary "OOO" Arkhangelovskoe has received a VAT refund of 26 million Roubles (approx. £520,000) from the Russian tax authorities.
Peter Hind, Matra Managing Director said:
"This timely refund of VAT is helpful in the overall funding of Matra and will enable us to remain debt free and as a minimum to defer calling on the interim funding facility, to be provided by Delek, as outlined in the 2008 Financial Statement.
We are continuing to have constructive discussions with potential funding and joint venture partners regarding financing of the next well on the Arkhangelovskoe licence."
For further Information, please contact:
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Matra Petroleum |
www.matrapetroleum.com |
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Peter Hind, Managing Director |
+44 (0) 7990 807855 |
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Aquila Financial Limited (PR) |
www.aquila-financial.com |
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Peter Reilly RFC Corporate Finance (Nominated Adviser) |
+44 (0) 118 979 4100 |
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Steve Allen |
+61894802500 |
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