Has any one noticed this this morning a lot of buying with just one sell Ttrade,any one think this could be a good punt,advice please before its too late.thanks.

Dave, thanks for a very useful and informative post. However, I'm not sure at present that Matra has done enough to distinguish itself from the rest. There seem to me to be better prospects out there, but PDYOR.

Something about to happen?

Matra Petroleum PLC
02 May 2007


PRESS RELEASE

For immediate release: 2nd May 2007

Matra Petroleum plc ('Matra' or the 'Company')


Matra increases issued share capital and notifies changes in significant
shareholdings:-

Issue and Allotment of Shares


Matra issued and allotted 55,000,000 ordinary shares to the vendors of Limited
Liability Company 'OOO' Arkhangelovskoe on 27th April 2007, increasing the
issued ordinary share capital of the Company to 317,000,000 shares. This
acquisition was outlined in the release dated 29th March 2007 and completed on
20th April 2007.


Notification of Change in Significant Shareholding


Matra was notified on 25th April 2007 by Gartmore Investment Limited that
following purchases of a further 28,135,318 ordinary shares, it now holds
39,640,254 ordinary shares in the Company, representing approximately 12.5% of
the Company's revised issued ordinary share capital.


Restatement of Significant Shareholders


Subsequent to the issue and allotment of 55,000,000 new shares on 27th April
2007 the following parties have become significant shareholders in Matra:


i. Kompania Gaz I Neft now holds 27,500,000 ordinary shares in the Company,
representing approximately 8.68% of the Company's issued ordinary share
capital.
ii. Ener Finvest Corp now holds 11,000,000 ordinary shares in the Company,
representing approximately 3.47% of the Company's issued ordinary share
capital.
iii. Pavel Lvovich Lukachevsky now holds 11,000,000 ordinary shares in the
Company, representing approximately 3.47% of the Company's issued ordinary
share capital.


The following companies have retained their existing shareholding but are no
longer significant shareholders as a result of the increased share capital:


i. Seaspin Pty Limited which holds 8,400,000 ordinary shares in the Company.
ii. William Brownlie Fairweather who holds 8,000,000 ordinary shares in the
Company.
iii. City Natural Resources High Yield Trust plc which holds 8,000,000 ordinary
shares in the Company.


Matra's significant shareholders have been restated to reflect the issue of new
shares as follows:

TOTAL TOTAL
03 Apr 07 03 Apr 07
NO. %
----------- -----------

GARTMORE FUND MANAGERS LTD 39,640,254 12.50%
GENESIS INVESTMENT MANAGEMENT LLP 32,300,000 10.19%
RAB CAPITAL PLC 29,700,000 9.37%
KOMPANIA GAZ I NEFT 27,500,000 8.68%
CRAIG BURTON 18,400,000 5.80%
ARGONAUGHT LIMITED 13,160,834 4.15%
ENER FINVEST CORP 11,000,000 3.47%
PAVEL LVOVICH LUKACHEVSKY 11,000,000 3.47%
----------- -----------
182,701,088 69.7%


Details of significant shareholders are available on the Matra website at

Seems to be alot oh high expectations on this one, if they find anything then could be another vog, at least in its initial stages!

At last,seems it was worth holding,time really is a virtue.

"have a little patience!!"

Delek energy, anybody know who they are? they've just aquired a third of Matra fo r 6M, they must think it's worth it, essentially puts a seal of 4.p under Mta which is nice and allows them to move on with the drilling I assumme. Still have high hopes for these considering whose invested, they'll be looking for multiple returns

Should get to active until August, but you've got to think this may be a real early day investment!

Must be something cooking here?

Plenty more here

Ellio, morning, just seen the latest news. Looks promising.

http://www.moneyam.com/action/news/showArticle?id=2143131

In for the long-term, hoping for 20p if the finds are good, which they certainly look as they might be.

Good luck!

Very quiet here considering all the newsflow we can expect soon....

Russian drilling results

Spudding of two further Russian wells before year end

Hungary gas updates

Possible acquisition of licence next door that tested at 1,850bopd(Russia)

Further drills to come in Hungary 2007/ early 2008

Further possible acquisitions in Hungary and Russia as stated by management

I'm getting all excited now, anyone else still holding?

In profit with shares held and wondering if it would be sensible to buy into the warrants (MTAW). Any major disadvantages to this strategy?

whats the price target over 12 months to 2 years..?

Chea - yes I hold both MTA shares and warrants. The warrants should outperform the shares.

mitzy - If all goes according to plan I wouldn't be surprised to see the SP top 50p within 2 years.

That will do for me someuwin..

rns out today.

someuwin - I went ahead with the warrants at 3.75 as they did seem at least reasonable value. Looking good so far.

up 5% looking great for 10p.

getting even closer now 10p by end of close.

10p today theres no stopping to 12p..