About Matra

Matra Petroleum AB is an independent oil and gas exploration and production company operating in the United States where the Company will own and operate 136 leases located in the Texas Panhandle region through their fully owned subsidiary Matra Petroleum USA Inc. Matra Petroleum USA Inc. was formed in 2013 when it entered the U.S. market through a series of mergers and acquisitions. Since then, Matra Petroleum USA Inc. has been producing and selling oil and gas in the Panhandle region. The future American subsidiary Matra has grown rapidly and currently owns 38,800 net acres in the Texas Panhandle region with a current daily production of 850 barrels of oil equivalent and proven reserves of 22.9 million barrels of oil equivalent.

Matra Petroleum AB was formed in November 2016 with the target to acquire 100 percent of Matra Petroleum USA Inc., making it a fully owned subsidiary when the transactions are completed.