Source: Matra Petroleum AB
April 20, 2017 01:30 ET
The trading of shares in Matra Petroleum (publ.) ("Matra Petroleum" or the "Company") commences today on Nasdaq First North.
"Pursuing a listing in Stockholm is an exciting next step for Matra, by which we expect to benefit from a broader shareholder base, increased awareness and access to the capital markets. I look forward to taking part in the Company's continued development as a listed company" said Maxim Barskiy, CEO of Matra Petroleum AB.
Mangold Fondkommission AB is the Company's Certified Adviser.
Telephone: +46 (0) 85 03 01 550
For more information, please contact:
Eric Forss, Chairman, Matra Petroleum AB
Phone number: +46 8 611 49 95
This information is information that Matra Petroleum AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 20 April, 2017, at 07:30 CET.
About Matra Petroleum
Matra Petroleum AB is an independent oil and gas exploration and production company operating in the United States where the Company owns and operates 136 leases located in the Texas Panhandle region through its fully owned subsidiary Matra Petroleum Inc. ("Matra USA"). Matra USA was formed in 2013 through a series of mergers and acquisitions in the Texas Panhandle region. Since then, Matra USA has been producing and selling oil and gas in the same area. The Company has grown rapidly and currently owns 38,800 net acres in the Texas Panhandle region with a current daily production of 900 BOEPD and proven net reserves of 22.9 MMboe. Revenues from oil and gas operations amounted to USD 5.7 million (2015: USD 5.5 million) in 2016 and USD 2.0 million in the fourth quarter 2016 (q4 2015: USD 1.1 million). The company's shares are admitted to trading on Nasdaq First North with the ticker symbol "MATRA" with ISIN code SE0009696040. Mangold is the company's Certified Adviser. Visit www.matrapetroleum.com for more information.
 About 19% of the shares were issued as Crest Depositary Interests (UK securities that represents shares in the Company).