(MTA.L) Matra Petroleum PLC Buy/Sell

RNS Number : 4155B Matra Petroleum PLC 27 October 2009

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 +44 (0) 118 979 4100

RFC Corporate Finance (Nominated Adviser)
Steve Allen +61894802500

This information is provided by RNS The company news service from the London Stock Exchange

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