18 March 2008
Matra Petroleum plc ("Matra" or the "Company"): Final results for period ended 31 December 2007
Matra Petroleum plc (AIM:MTA), the oil and gas E&P company focused on Central Europe and Russia announces its final results for the period ended 31 December 2007.
2007 Highlights
 Acquired 'OOO' Arkhangelovskoe for 55 million shares.
Strategic investor Delek-International Energy Ltd introduced.
Raised £6 (€8) million in new share placement.
Farmed-out Inke block to cover costs of 2007 two-well programme.
Sokolovskoe oil discovery with first Russian well.
Completed further 3D seismic acquisition on Hungary.
Demonstrated Direct Hydrocarbon Indicator (DHI) technology applicable in Hungary.
Spudded second Russian exploration well.
First oil production.
2008 Programme
Second Russian well in progress.
Additional seismic acquired on Sokolovskoe and southern structure.
Sokolovskoe discovery to be appraised by second well.
Further exploration well in Russia planned for southern structure.
Sokolovskoe Production Licence application in progress.
Two-well drilling programme planned in Hungary.
Commenting on the year, Matra's Managing Director, Peter Hind said:
"2007 proved to be a busy and successful year for Matra. We have now established operational offices in Budapest and in Orenburg with a small staff in each.
Our established positions in Hungary and Russia provide for significant upside potential. Both areas contain multiple prospects with wells to be drilled in 2008. We are evaluating new opportunities on a continuous basis and I am confident we will add to the portfolio in such a way as to retain shareholder leverage to exploration success".
For further information, please contact:
Matra Petroleum
www.matrapetroleum.com
Peter Hind, Managing Director +44 (0) 7990 807 855
Aquila Financial Limited
www.aquila-financial.com
Peter Reilly +44 (0)118 979 4100
Yvonne Fraser
Matra's nominated Advisor is
RFC Corporate Finance Ltd
Contact: Steve Allen +61894802500
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