27th Oct 2009 07:00
For immediate release: 27 October 2009
Matra Petroleum plc ("Matra" or the "Company")
Matra spuds A-13 well, Sokolovskoe Field, Russia.
Matra Petroleum plc (AIM:MTA), the oil and gas E&P company is pleased to announce that the A-13 well, on the Arkhangelovskoe License in Orenburg, Russia, spud on October 25th 2009.
The well is the first appraisal of the Sokolovskoe Field discovered by Matra's A-12 well in 2007, and will be drilled to an up-dip location, testing the crest of the structure. The well will be drilled to 3850m, taking approximately 120 days in total and cost $4.5 million (excluding VAT).
Matra's Managing Director, Peter Hind said:
"We are pleased to have started well A-13, which is a very significant well for us. We expect to have results early in the New Year."
For further Information, please contact:
|
Matra Petroleum |
www.matrapetroleum.com |
|
Peter Hind, Managing Director |
+44 (0) 7990 807855 |
|
Aquila Financial Limited (PR) |
www.aquila-financial.com |
|
Peter Reilly RFC Corporate Finance (Nominated Adviser) |
+44 (0) 118 979 4100 |
|
Steve Allen |
+61894802500 |
Related Shares:
MTA.L