Matra Petroleum AB: Operational update

Matra Petroleum's oil and gas production* in the second quarter 2018 increased by 27% to 744 barrels of oil equivalent per day ("boepd) (Q1 2018: 588 boepd) In May, Matra launched a 24 well drilling program to be completed by yearend. To date, six wells have been drilled and so far four wells...

London, 11/07/2018 (informazione.news - comunicati stampa - energia)

In May, Matra launched a 24 well drilling program to be completed by yearend. To date, six wells have been drilled and so far four wells have been completed. Production from these new wells is expected to commence in July 2018.

"We are on track towards our target to double production by yearend. Newly drilled wells should come on stream shortly and contribute to further production growth. With increased production volumes Matra can capitalise on rising oil prices," says Maxim Barskiy, CEO of Matra Petroleum AB.

Maxim Barskiy, CEO, Matra Petroleum AB
Tel.: +46 8 611 49 95

This information is information that Matra Petroleum AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 11 July, 2018, at 10:30 CET.