Business model

Matra Petroleum is an independent oil and gas production and development company whose current activities are focused on the Texas Panhandle area. Matra intends to deliver sustainable growth in shareholder value by focusing on exploiting its existing reserves, commercializing and developing discoveries and pursuing selective acquisitions.

Matra believes that the Texas Panhandle area represents a significant hydrocarbon basin in a low-risk region. The Texas Panhandle area continues to benefit from an extensive installed infrastructure base and skilled labour to develop, operate and manage assets. Matra’s management has considerable experience of working in the Texas Panhandle region and is familiar with the regulatory authorities and competitive landscape.

With a portfolio of producing assets, development opportunities and appraisal and exploration opportunities, strong cash flow generation and an experienced management and staff that have a proven development and operating record, Matra believes that it is well positioned to increase its production and reserves and benefit from the opportunities that exist in the Texas Panhandle area.