Matra secures interim funding ahead of further exploration plans at Sokolovskoe
23 March 2009
Oil and gas group Matra Petroleum today reported that its largest shareholder, Delek, had agreed to provide limited interim funding, subject to certain conditions, in order for the company to continue trading until it has secured suitable finance.
The news came as the Russia focussed oil and gas company announced its final results for the 12 months to December 31, 2008. During that time, pre-tax losses increased by 331% to €8.7 million.
Peter Hind, Matra Petroleum’s managing director, said: “A complete reinterpretation of the Arkhangelovskoe area was completed in early 2008. This was completed with the benefit of well results, additional new seismic and reprocessing all existing seismic. This reinterpretation was the basis of Senergy’s independent review that concluded a most likely estimate of recoverable resources of 19 mmbbls.
“As the Sokolovskoe discovery well is located in the flanks of the reef a crestal well is required to determine the full extent of the potential within Sokolovskoe.”
Hind pointed out that the schedule for the work programme was dependent on the timing of any fund raising.
|
Relevant Companies
For more company information click below:
Headlines
31 August 2010
30 August 2010
27 August 2010
20 August 2010
18 August 2010
13 August 2010
09 August 2010
06 August 2010
30 July 2010
29 July 2010
28 July 2010
27 July 2010
26 July 2010
23 July 2010
23 July 2010
22 July 2010
21 July 2010
19 July 2010
16 July 2010
12 July 2010
09 July 2010
08 July 2010
07 July 2010
06 July 2010
05 July 2010
02 July 2010
06 May 2010
13 April 2010
24 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
19 March 2010
19 March 2010
» See all News
Features
31 August 2010
28 July 2010
23 July 2010
13 April 2010
24 March 2010
22 March 2010
19 March 2010
19 March 2010
18 March 2010
16 March 2010
15 March 2010
12 March 2010
11 March 2010
08 March 2010
05 March 2010
05 March 2010
» See all Features
Round-Ups
27 August 2010
20 August 2010
13 August 2010
06 August 2010
30 July 2010
23 July 2010
16 July 2010
09 July 2010
02 July 2010
19 March 2010
19 March 2010
12 March 2010
12 March 2010
05 March 2010
05 March 2010
28 February 2010
Popular
31 August 2010
28 July 2010
30 August 2010
27 August 2010
04 December 2009
18 August 2010
30 July 2010
26 July 2010
29 July 2010
20 August 2010
01 February 2010
23 March 2010
08 July 2010
19 July 2010
27 July 2010
09 August 2010
|