Matra provides operational updates

Matra Petroleum plc, the oil and gas E&P company focused on Central Europe and Russia announces the following operational update in Hungary and Russia:

Final preparations for the two well drilling programme on the Inke Concession are underway. The first well Pamuk K-1 is expected to commence at the end of April/beginning of May utilising a rig provided by Rotary Drilling of Hungary. The second well Polany E-1 is expected to follow-on directly from Pamuk K-1.

The wells will be drilled to 2000m and are expected to take approximately 20 days each to drill. The wells will test Pannonian sandstones that are highlighted by the Direct Hydrocarbon Indicator (DHI) modelling as potentially gas bearing.

Arkhangelovskoe -11: Drilling is continuing and has reached 3,323m. The well is targeting 5 horizons in the Devonian that should be encountered shortly.