Release details

2018-09-14 08:00 CEST
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Matra Petroleum AB: Operational update

Matra Petroleum's average daily oil and gas production*, gross, in August 2018 increased by 12% to 855 barrels of oil equivalent per day ("boepd") (July 2018: 762 boepd) and by 26% compared to the average consolidated daily production in Q2 2018 (676 boepd).

As previously informed in the Q2 financial report, daily production reached 900 boe in late August 2018, and has continued to increase in September.

The drilling program is on track with twelve wells drilled to date, out of which eight have been put on production. Four wells are scheduled for completion in September.

Consolidated oil and gas production, gross

  Oil Gas Total Total daily production
  (bbl) (MCF) (boe) (boepd)
Q1-18 28,621 145,530 52,876 588
Q2-18 32,020 177,061 61,530 676
Jul-18 12,061 69,380 23,624 762
Aug-18* 13,833 76,026 26,504 855

* preliminary numbers, based on estimated shrinkage in processing

For further information please contact:
Maxim Barskiy, CEO, Matra Petroleum AB
Tel.: +46 8 611 49 95

About Matra Petroleum
Matra Petroleum AB (publ) is a Swedish independent oil and gas exploration and production company operating in the United States, where the company owns and operates 170 leases, covering an area of 45,640 net acres in the Panhandle region in Texas. Matra's reserves amount to approximately 25 million barrels of oil equivalent. Matra Petroleum 's shares are traded on NASDAQ First North in Sweden under the symbol MATRA. Mangold Fondkommission AB is Certified Adviser (www.mangold.se, Tel: +46 (0) 8 50 30 1550). Web: www.matrapetroleum.com

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