TIDMMTA

RNS Number : 7305E

Matra Petroleum PLC

14 April 2014

Matra Petroleum Plc

Update on Additional Payment for the Arkhangelovskoe Licence

Further to the announcement of 3(rd) April 2014, Matra Petroleum plc (the "Company") is pleased to announce that it has received the additional payment of US$10,000,000 from the acquirer of the Arkhangelovskoe Licence.

The Company is therefore no longer applying to the guarantor, JSC joint stock commercial bank "Jugra" of Megion City, for the payment.

Enquiries:

Matra Petroleum plc c/o Bell Pottinger

   Henry Lerwill                                                                     020 7861 3169

Canaccord Genuity Limited

   Henry Fitzgerald-O'Connor                                         0207 523 8000

Neil Elliot

This information is provided by RNS

The company news service from the London Stock Exchange

END

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