Matra Petroleum’s oil and gas production* in the second quarter of 2018 grew by 27% to 744 barrels of oil equivalent per day («boepd») (Q1 2018: 588 boepd).
In may began the first of 24 planned wells in 2018, the year’s drilling program. To date, six oljebrunnar been drilled, of which four have so far been completed. Production from these new wells is expected to commence in July 2018.
«We are on the way toward our goal of doubling of crude production at year-end. The new oljebrunnarna is expected to soon be put into production and thereby contribute to further output growth. With higher oil production can Matra take advantage of the increasing oil prices,» said Maxim Barskiy, CEO, Matra Petroleum AB
* Preliminary figures, including production from the recently acquired oil and gasrättigheterna in the Panhandle region of Texas,
before any adjustment for gasreduktion in the treatment.
For further information, please contact the
Maxim Barskiy, CEO of Matra Petroleum AB
Tel: +46 (0)8 611 4995
This information is such information that Matra Petroleum AB is obligated to publish under the EU marknadsmissbruksförordning. The information was submitted, by the above contact person in the government, for publication on 11 July 2018 there is a 10:30 CET.
About Matra Petroleum
Matra Petroleum AB is an independent oil and gas company focused on exploration and production in the united states. The company owns, through a wholly owned subsidiary of Matra Petroleum Inc. 170 oil and gasrättigheter that covers a surface of about 18 470 hectares (45 640 acres) in the Panhandle region of Texas. Matras reserves amount to approximately 25 million barrels of oil equivalent. Matra Petroleum’s shares are traded on NASDAQ First North in Sweden under the tickerkod MATRA. Mangold Fondkommission AB is the Certified Adviser (www.mangold.se,
Tel: +46 (0)8 50 30 1550). For more information, see www.matrapetroleum.com.
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Source: Matra Petroleum AB via Globenewswire