Matra Petroleum provides reserve update (Scandinavian Oil-Gas Magazine)

Matra Petroleum provides reserve update

Published Feb 11, 2014

Matra Petroleum is pleased to announce the results of an independent reserve audit conducted by DeGolyer and MacNaughton (D&M).

As announced on 22 January 2014, Matra's wholly owned subsidiary, Matra Petroleum U.S.A., Inc. (Matra USA) has completed its Phase II acquisition of interests in certain oil and gas leasehold interests in the Texas Panhandle region of the USA through its investment in PGM-JV, a joint venture vehicle incorporated in Texas of which Matra owns 50 per cent.

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