Transaction date: Apr 12 Transaction type: Strategic Investor Subscription Amount: £4.6M
Matra Petroleum plc ("Matra") is an independent oil and gas exploration and production company operating in the Russian Federation. The company began operations in 2006 and is now focussed on building a portfolio of development and producing assets in the Volga/Urals area of Russia.
Matra currently owns 100% of the Arkangelovskoe Production licence through its 100% owned Russian subsidiary "OOO" Arkhangelovskoem with proven oil reservoirs and production wells alreadly completed.
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