Search Site
Latest News
Features
Company Profiles
About
Advertise
Contact Us
Select Sector
Advisor Viewpoint
Advisors
Contributors
Featured Companies
Features
Mining
Mining Focus
Oil & Gas - Services
Oil & Gas Exploration & Production
Oil & Gas Focus
Renewable Energy
Renewable Energy Focus
Weekly Round-Up
Matra Petroleum set to focus on Russia after Hungarian asset sale
18 December 2008
Matra Petroleum has signed an agreement to sell its 40% stake in Gemstone Properties Ltd in a move that will see the oil and gas group focus its attention on its assets in Russia.
Gemstone is the company that holds interests in the Inke concession and the Mezocsokonya exploration licence in Hungary. The shareholding was sold for a cash consideration of US$670,000to HHE America Ltd, which owns the remaining 60% shareholding in Gemstone.
Matra said it intended to use the cash injection to fund ongoing overheads for the UK and Orenburg offices.
Managing director, Peter Hind, said: “Matra has decided to exit from Hungary in order to focus on its assets in Russia. Completion of this transaction is expected within the next five days.”
The transaction will result in an estimated loss of €3.76 million in Matra’s 2008 accounts.
Industry Sector
Oil & Gas Exploration & Production
Relevant Companies
For more company information click below:
Matra Petroleum plc
Headlines
»
Cost of listing on AIM continues to rise despite IPO slump
12 March 2010
»
Mining Week: 12 March
12 March 2010
»
Extract Resources cheers continued progress at Rössing South uranium project
12 March 2010
»
Energy XXI shelves plans for AIM cancellation
12 March 2010
»
Discovery Metals takes a closer look at prospects close to Boseto project
12 March 2010
»
Oil & Gas Round-Up: 12 March
12 March 2010
»
Baobab Resources kicks off drilling programme at Tete project in Mozambique
12 March 2010
»
Tertiary Minerals grabs new fluorspar licence as Stourman study continues
12 March 2010
»
Firestone Diamonds selected by Namdeb for new toll treatment project
12 March 2010
»
GeoPark signs Latin America partnership with LG International
12 March 2010
»
Nautical Petroleum reports rig deal for Catcher drilling
12 March 2010
»
Businesses face bribery shock as new laws make corruption rules tougher
11 March 2010
»
Global Energy Development sets out plans for major drilling programme
11 March 2010
»
Europa Oil & Gas upbeat despite perforation problems with Hykeham-1Z well
11 March 2010
»
Cove Energy raises new cash to fund Mozambique drilling work
11 March 2010
»
Plexus signs up Sonangol in Angola as word-of-mouth marketing proves a boon
11 March 2010
»
Altona Energy appoints project technology executive
11 March 2010
»
Coal of Africa gets approval for bulk sampling work at Makhado project
11 March 2010
»
Allied Gold says latest estimates put resource figures at 7.8m ounces of gold
10 March 2010
»
ViaLogy signs renewable energy deal with Enel in North America
10 March 2010
»
Aminex expects Likonde-1 results by end of March
10 March 2010
»
Gulf Keystone Petroleum sets out plan to take full control of Kurdistan operatio
10 March 2010
»
Ascent Resources makes progress on Penészlek wells in Hungary
10 March 2010
»
AfNat Resources to use cash boost to press ahead with new strategy
10 March 2010
»
GeoPark creates new partnership structure for Otway and Tranquilo blocks
10 March 2010
»
Global Energy says rig on the way to Rio Verde well site
10 March 2010
»
Platinum Australia restarts underground mining at Smokey Hills
10 March 2010
»
Empyrean reports new well spud at Aquarius project in Texas
09 March 2010
»
Chaarat Gold cheers resource boost at flagship project in Kyrgyz Republic
09 March 2010
»
Leed Petroleum eyes production start from A-6 well in Gulf of Mexico
09 March 2010
»
UK Coal rejects press speculation over cash offer
09 March 2010
»
Pangea DiamondFields sells Dimbi project and exits Central African Republic
09 March 2010
»
Victoria Oil & Gas says La-105 well testing beats expectations
09 March 2010
»
Landore Resources encouraged by continued gold finds at Lamaune prospect
09 March 2010
»
PetroLatina Energy secures debt package for Colombia work programme
09 March 2010
»
Circle Oil cheers successful production testing of Al-Amir SE-5 appraisal well
09 March 2010
»
Magnolia Petroleum upbeat on production revenue boost
09 March 2010
»
Marshall Lake JV partners agree 75% option sale to White Tiger Mining
09 March 2010
»
African Eagle appoints project manager for Dutwa project feasibility study
09 March 2010
»
Discovery Metals agrees off-take and subscription deal over Boseto project
09 March 2010
»
International Oil & Gas Rig Count: February 2010
08 March 2010
»
Herencia Resources discovers new vein at Paguanta project in Chile
08 March 2010
»
Rheochem eyes options for Zeus Petroleum after buying full control
08 March 2010
»
Valiant Petroleum completes first phase of developing Don fields
08 March 2010
»
Max Petroleum kicks off drilling on new exploration well in Kazakhstan
08 March 2010
»
Cluff Gold outlines plans for further exploration work
08 March 2010
»
Pantheon Resources frustrated by delays to Tyler County drilling
08 March 2010
»
Gulf Keystone Petroleum pulls in more cash from SEDA facility
08 March 2010
»
Iraqi elections likely to fuel tension in battle for Kirkuk’s oil reserves
05 March 2010
»
Oil & Gas Round-Up: 5 March 2009
05 March 2010
»
See all News
Features
»
Cost of listing on AIM continues to rise despite IPO slump
12 March 2010
»
Businesses face bribery shock as new laws make corruption rules tougher
11 March 2010
»
International Oil & Gas Rig Count: February 2010
08 March 2010
»
Iraqi elections likely to fuel tension in battle for Kirkuk’s oil reserves
05 March 2010
»
Yemen urged to think harder on options for post-petroleum era
05 March 2010
»
AIM miners ponder portfolio deals as market confidence grows
03 March 2010
»
Renewed battle for the Falklands suits embattled British and Argentine leaders
03 March 2010
»
Metals industry sees strong M&A deal flow but values plummet
02 March 2010
»
UK oil & gas ranking dominated by Tullow Oil but small caps make an impact
02 March 2010
»
UK oil & gas explorers curb growth ambitions amid economic turmoil
26 February 2010
»
Kurdistan pushes for oil law as Baghdad takes the initiative with explorers
25 February 2010
»
UK North Sea investment could see oil and gas supplies last for decades
23 February 2010
»
SmallCapNews interview with Andrew Bell, Chairman of Red Rock Resources plc
22 February 2010
»
Libya faces uphill battle in attracting oil and gas explorers
19 February 2010
»
Everyone wants a piece of the Falklands
18 February 2010
»
Gold’s broad appeal keeps 2009 demand above $100bn mark
17 February 2010
»
See all Features
Round-Ups
»
Mining Week: 12 March
12 March 2010
»
Oil & Gas Round-Up: 12 March
12 March 2010
»
Oil & Gas Round-Up: 5 March 2009
05 March 2010
»
Mining Week: 5 March 2010
05 March 2010
»
Crude oil hits ceiling in week as hedge funds attack Euro
28 February 2010
»
Mining Week: 26 February
26 February 2010
»
Oil & Gas Round-Up: 26 February
26 February 2010
»
Energy markets buoyed by better news in Europe
21 February 2010
»
Mining Week: 19 February
19 February 2010
»
Oil & Gas Round-Up: 19 Feb
19 February 2010
»
Crude oil prices take a dive after a week of gains
14 February 2010
»
Oil & Gas Round-Up: 12 February
12 February 2010
»
Mining Week: 12 February
12 February 2010
»
Mining Week: 5 February
05 February 2010
»
Oil & Gas Round-Up: 29 January
29 January 2010
»
Mining Week: 29 January
29 January 2010
Popular
»
Cost of listing on AIM continues to rise despite IPO slump
12 March 2010
»
Oil & Gas Round-Up: 12 March
12 March 2010
»
Extract Resources cheers continued progress at Rössing South uranium project
12 March 2010
»
Mining Week: 12 March
12 March 2010
»
Aminex expects Likonde-1 results by end of March
10 March 2010
»
Baobab Resources kicks off drilling programme at Tete project in Mozambique
12 March 2010
»
Max Petroleum kicks off drilling on new exploration well in Kazakhstan
08 March 2010
»
Altona Energy appoints project technology executive
11 March 2010
»
Circle Oil cheers successful production testing of Al-Amir SE-5 appraisal well
09 March 2010
»
Firestone Diamonds selected by Namdeb for new toll treatment project
12 March 2010
»
Vane Minerals snaps up new uranium property from Uranium One
19 January 2010
»
Coal of Africa gets approval for bulk sampling work at Makhado project
11 March 2010
»
Oil & Gas Round-Up: 19 Feb
19 February 2010
»
UK oil & gas ranking dominated by Tullow Oil but small caps make an impact
02 March 2010
»
Upstream oil and gas M&A set to remain healthy in 2010
16 February 2010
»
Oil & Gas Round-Up: 29 January
29 January 2010
© SmallCapNews |
Contact Us
|
Terms of Use
|
RSS Feeds
Site by
LunarSafari