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RNS Number : 6493O

Matra Petroleum PLC

15 October 2012

15 October 2012

Matra Petroleum plc

("Matra" or the "Company")

Completion of 2D and 3D Seismic Survey

Matra is pleased to announce the completion of the field phase of the seismic survey on its 100% owned Sokolovskoe oil field in Orenburg, Russia. The survey included 100 km of 2D seismic and 60 sq km of 3D seismic. The Company will now work on data interpretation.

Separately, the Company continues to evaluate acquisition opportunities in line with its stated strategy and looks forward to updating the market as appropriate.

Maxim Barskiy, Chief Executive of Matra commented:

"The completion of the seismic survey is an important operational milestone for Matra and will allow us to accurately determine the future potential of the Sokolovskoe field and best allocate Matra's resources going forward."

For further information, please contact:

Matra Petroleum plc c/o Pelham Bell Pottinger

   Henry Lerwill                                     020 7861 3169

Canaccord Genuity Limited

Rob Collins

   Henry Fitzgerald-O'Connor         0207 523 8000

Notes to Editors:

-- Matra owns 100% of the Arkhangelovskoe Production licence where the first exploration Well A-12

drilled in 2007 discovered the Sokolovskoe oil field. Well A-12 produced high quality oil from a

Devonian carbonate reservoir (Aphonenski)

-- Well A-13 was the second well drilled in the Sokolovskoe oil field and was placed on extended test

during 2011 when it flowed oil at sustained rates on long-term test. Based on the results of a study by Equipoise Solutions Ltd ("Equipoise"), a specialist geoscience consultancy and all other field data, Energy Resource Consultants Ltd ("ERC"), an independent reservoir evaluation company, completed a Competent Persons Report on the Sokolovskoe oil field that determined P50 recoverable contingent resources of 15.1 million barrels

-- The Arkhangelovskoe Production Licence was awarded on 22nd December 2010 and is valid to 31st

December 2030

   --     Further information on Matra is available on its website at www.matrapetroleum.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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