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.

Nice steady rise, I topped up this morning.

News overdue should be this week. This will double if its good.

ON THE ROAD TO PRODUCTION

http://www.matrapetroleum.com/docvault/Matra%20Petroleum%2011.01.11.pdf

slipping the wrong way at the moment......fingers crossed for some positive news soon

watcher
investor tom bought some.

http://www.investortom.com/?p=75

Watch that man.

Hows it going mitzy havent seen you across the road for a while. All the best GF.

Something a stirring me thinks.

Hi gf..


dont post much these days..

24% up news coming. Good or Bad it's coming.

wow thats just great news of recommencement of drilling..?

mitzy

Point taken no new is good news.

venturing up into 4p's again, hope it holds.,.

Brokermandaniels' Blog

1000 BOPD in 10 days!
Theres no pleasing some folk!

Matras latest epistle (foretold here) landed this morning confirming what we here generally predicted last week. The A13 problems have been RESOLVED yes thats great news and the share-price spiked to 4.20p then began a gentle decline after day-traders NOT investors began closing their positions. The water zone has been successfully isolated and only OIL IS NOW FLOWING! Yes youve read that correctly OIL IS NOW FLOWING and what some are missing is this: The percentage of oil recovered from A13 can only increase as will Matras share-price. Pressure data should confirm a higher rate of oil flow probably in excess of 200 bopd

The A12 update should be seen in a very positive light. Drilling is known to be well advanced here and news should be with us in the next 10 days or so. The weather has caused some delays but investors should remember that All equipment needed to progress the A12 is ON SITE and in full use as YOU read this post. The A12 drill is at an advanced stage and it is drilling into a virgin oil reservoir. From what I can gather Matra is determined come hell or high water to get the production oil flowing at 1000 bopd but I suspect that the 1000 bopd will be much improved upon once the production begins. This will significantly enhance the companys value.

Its never easy investing in small oil companys for future growth but one should always try to invest in those that are generally debt free, well-funded, good assets or asset potential with (whenever possible) proven oil in place and a genuine set of chaps running the company. Matra are all of the above. This Board are as honest as the day is long. Hodgson is an extremely polite and highly regarded geologist within the oil exploration community and Hind is a dedicated oil-man with a proven track-record of astute deal-making through-out his career. I like Matra and needless to say I believe in the company. Matras sp since they were first high-lighted by the Blog has more than doubled. This trend looks set to continue as Matra fight the good fight and bring value back to their core investor base. They are on the up.

1/ A13 water ingress solved.

2/ Full Production Licence granted.

We now await the third piece of news that will establish Matra as a fully producing oil company with all the benefits that brings to the company/investors.

3/ A12 side-track about to completed with flow rates of approx 1000 bopd

I get a lot flak via email for never giving out buy or sell recs. So Im going to break a rule just once and I dont do this lightly.

Investors moaned about the lack of a production Licence its now in place! Investors moaned and jeered about A13 problems theyve now been resolved.

Investors are still moaning about A12 its about 10 days away from successful confirmation.

Matra Petroleum are a GLARING BUY! It is staring investors in the face and most cant see the wood for the trees.

Gone for Lunch.

Here we go again.

Matra. I predict a Riot!

News on the way!
Its looking very good here re the A12. Youll all recall that we here have consistently urged investors to hold their stock since Matra where trading at 1.45p; yes unbelievable isnt it? The share price has more than doubled since then at one point touching just under 5p. (Its a funny old world) Yet some just cant seem to be able to grasp or understand their investment. Matra holders were awaiting basically 3 bits of news. 1/Production Licence. 2/ A13 production resolved 200bopd. 3/ A12 Side track 1000 bopd.

Now two of the three are officially in place. Yes its been a grind to get there but that in itself should tell you that the Board have all but got it licked!

These are as cheap as chips and they are a multi-bagger. Theres no doubt that the A12 is all but complete. Whisper is that the TD has been reached. News could come at any time. Expect a confirmation that the A12 drill has and is going VERY WELL. And about time too! Investors should see the Boards persistence in gaining the Production Licence and resolving the A13 as pointers to how the A12 is currently progressing. Its nailed on that A12 will be producing soon enough! Ergo= rising sp. 9p? 10p? 11p? 12p? Once Matra are in full production with a clear revenue stream then you can expect an sp in the ascendency. They are going to rise dramatically over the next few days and weeks! Therell be a riot for stock! An immediate doubling of value looks nailed on!

http://brokermandaniel.com/

Some large buys today something is brewing.

Nice finish news soon.

News imminent....

February 25, 2011

Bad Weather Has Delayed Remedial Work On Two Wells On Matras Sokolovskoe Field In Russia But The Company Sticks By Its Target of Achieving Up To 1000 bopd Soon


Last November we reported that investors in Matra Petroleum could be in line for an early Christmas present if all went to plan over the couple of ensuing months.

The AIM quoted companys work plan was capable of delivering production of 1000 barrels of oil per day, it said.

This news coupled with the release of a positive CPR on its Sokolovskoe field in Russia put some power behind the share price, pushing it up from 1.75p to 5p by late December; although it has fallen back a bit since then.


However, Christmas has been is a little late in arriving at Matras 100 per cent owned Arkhangelovskoe licence in the Orenberg region of Russia, which holds the Sokolovskoe field.

Although this area is has less severe climatic extremes than Siberia, it nevertheless gets extremely cold and what the company calls extraordinary weather conditions combined with the holiday season has caused delays to remedial work to two wells A13 and A12 which were to produce up to 1000 bopd.

But this month has seen the company announce both a placing of 50,000,000 ordinary shares at 3.1p per share to raise 1.55 million before expenses to add to working capital and an operations update saying the company has now made headway in getting the two wells to work.

Both wells have suffered from unwanted water production as highly productive water zones some 10 to 15 metres below the oil zones created cementing problems.

The company has now announced that periodic short flows of well-13 have shown the water zone has been successfully isolated and only oil is now flowing.

The well is flowing at a rate below 100 bopd. A further acid treatment may be required to improve production.

The company added:

It is very encouraging that the water zone has been isolated in well-13.

The very nature of remedial cementation means that the productive oil zone will have been partially plugged by cement too. We will now acquire pressure data that will allow us to estimate the wells true potential.

At A-12 the well is currently being sidetracked to access virgin reservoir some 50 metres from the original wellbore.

A spokesman told Oilbarrel that up to 1000 bopd should be met before too long.

This comes against the background of the upbeat CPR.

The report undertaken by Energy Resource Consultants, gives the field contingent recoverable resources of just over 15 million barrels:

the formal issue of a production licence which has been granted and the approval of a field development plan would convert these contingent resources into recoverable reserves under SPE guidelines.

The CPR also provided an estimate of the deterministic recoverable resources in the Sokolovskoe structure as mapped by reservoir experts

Equipoise Solutions, which was put at 23.7 million barrels (further drilling in the north east part of the field would be required to make this estimate suitable for SPE classifications).

More interesting, however, is the potential upside, with the CPR pointing to an unrisked additional prospective recoverable resource of up to 84 million barrels (high case).

This upside is based on two assumptions: first, that updip of the existing wells the lower reservoir zones become hydrocarbon-bearing when they rise above the oil water contact (which the CPR gives a 60 per cent geological chance of success);

and second, the development of patch reefs, highly permeable and porous limestone reefs that could yield production sweet spots (a 32 per cent chance of success).

The geological review concluded that the company has yet to encounter the best part of the reservoir and that the main reefs are most likely very close to existing wells and the possibility remains that reserves will ultimately be much higher.

The company is keen to chase down this upside and is planning a 3D seismic campaign to get underway at the beginning of next year.

Two to three more wells are also planned, one of which could get underway before the seismic comes in.

First, however, the priority is to bring A12 and A13 online

http://www.oilbarrel.com/nc/news/display_news/article/bad-weather-has-delayed-remedial-work-on-two-wells-on-matras-sokolovskoe-field-in-russia-but-the/860.html

OH YYYYEEEEESSSSSSSS!!!