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.

4 June 2013

Matra Petroleum plc Full Year Results and Notice of AGM

Highlights

Operational

· 2D & 3D Seismic survey conducted on the Sokolovskoe field

· Management Prove and Probable (2P) estimate of 13.5 mmbbl

· Production commenced from the A-13 well on the Sokolovskoe field, current average daily rate of 70bopd

Financial

· Cash or cash equivalents of $4 million at year end

· No debt

· Loss per share 0.28 cents (2011: 0.90 cents)

Outlook

· Management reviewing options to maximise the value of the Sokolovskoye field

· Focused on identifying prospects to achieve objective of creating a mid-sized E&P of size and scale

http://www.moneyam.com/action/news/showArticle?id=4607179

11 June 2013 Matra Petroleum plc

Proposed disposal of Arkhangelovskoe Licence

http://www.moneyam.com/action/news/showArticle?id=4611403

Today's presentation / AGM

http://matrapetroleum.com/m/docs/AGM2013.pdf

Shares temporarily suspended. Venturing into the USA. Looks to be embarking on a similar profile to MAGP although higher %age of well output owned.
2517

Thats the end of that then:

On 1st April 2014, Matra announced that it was proposing to cancel the admission of the Company's Ordinary shares to trading on AIM in accordance with Rule 41 of the AIM Rules for Companies.

In order to complete various investment transactions and to comply with the associated rules and regulations, the Matra shares were suspended from trading on AIM on 31st October 2013 (for a maximum period of six months). It was intended that the shares would then be readmitted to trading on AIM following completion of the transactions. However, the Company is now unable to meet the requirements of Rule 7 of the AIM Rules which would apply on Re-admission of the shares. The Company is therefore proposing the Cancellation in order to complete the transactions as a private company.

The Cancellation is subject to shareholder approval at a General Meeting of the Company to be held on 23rd April 2014.

It is expected that the Effective Date of the Cancellation will be 1st May 2014.

You should be aware that as the shares will continue to be suspended up to the date of the Cancellation, you will not be able to sell or otherwise deal in them on AIM.