Business idea

Matra’s business idea is to deliver sustainable growth in shareholder value by focusing on exploiting its existing reserves, commercializing and developing discoveries and pursuing selective acquisitions.

Matra’s management has extensive experience from the oil and gas industry and the Texas Panhandle region. Matra believes that the area represents a significant hydrocarbon basin in a well developed region. The Texas Panhandle area benefits from an well-developed infrastructure and skilled labour to develop, operate and manage assets and the Company assesses that the US market is transparent with a favourable taxation and an increasing political support for domestic oil production..

Matra believes that the Company is well positioned to increase its production and reserves and benefit from the opportunities that exist in the Texas Panhandle region.