Matra Petroleum. News from the Urals!

Gideon Tadmoor Ceo of Delek

Sunday 27th March 2011.

Before we start I must stress that this post is intended for genuine investors who hold Matra stock and not traders looking to make a quick buck on intraday rises. Any trader should take responsibility for their own actions, day-trading is fraught with danger hence the warning.DO NOT SEEK TO BLAME OTHERS IF YOU DAY-TRADE ON THE BACK OF AN ANONYMOUS BLOGGER! Regardless of how many times the Blog has been proven correct.

I’ve been pulling out all the stops over the last month or so trying to get some good information as to just what the hold-up here is on A13, A12 production news, after all the news is well overdue and some investors are beginning to lose faith. First off regardless of what you are currently reading or hearing on the Boards you can take it from me that Matra has been working their fingers to the bone. The head honchos are rumoured to have been in meetings all last week finalising the financials which will be released tomorrow that’s a 99% certainty.  Nothing earth shattering there just the company position re’ their fundamentals and the progress through 2010. Matra petroleum are aware of investor frustrations unfortunately the company will only release the company line and if you look at this logically then that bodes very well for investors as this proves that Matra play with a straight bat the Board of Matra are highly regarded within the industry for their integrity and honesty so you can take it as read that this article is self-sourced. When people invest in junior oilers what THEY are investing in is the competence of the management. Matra have that in spades and investors need to relax and let them work their magic, after all here’s an oil company with the oil, with the infrastructure, with the funds and with a production licence!Trading at penny’s when there’s oilers out there that haven’t got a drop with more dust than a crypt!Trading at crazy levels and whys that you may ask? Well it’s all down to PR AND PERCEPTION!

The whisper is that A13 is producing after or on clean-up. The rig for A13 has moved off and it is rumoured that limited oil sales from production may already have begun. Our source here is Russian, based in Ekaterinburg, the interpreter we used when contacting the Orenburg chamber of commerce who confirmed to us through her that there were no problems re’ the PL issue it was purely down to the Russian way; slow and bureaucratic. (The Production Licence was issued). There have been some delays reported on A12 we believe that this is down to weather conditions,minor tech’ difficulties and the crews working the rig who are basically slow! However there are NO problems on the side-track which as you all know has been completed.When Matra release the clean up news/production news is anybodys guess as the company are renowned for holding news back. There could be a snippet in the RNS this week but don’t hold your breath. But if you analyse the share-price over the last 3/4 months you’ll note that it has stabilised some-what; gone are the days of 1.4p the sp has consistently traded just under, at or over 4p for the last several months; then take the lead from the recent placing at 3p and in particular Delek’s Gideon Tadmoor (non-exec director on Matra) the CEO of Delek Energy. Delek’s involvement should be seen as a pointer as to where they see the company headed over the next year or two they have consistently backed Matra and ploughed more funds into the company. (This is why the MM’s are always marking the stock up. The feel-good factor being touted by their nomad). Tadmoor is a very wealthy individual and does not suffer fools gladly if he is in Matra then you can rest assured that they are going in the right direction this year. Production has been quoted at approx’ 1000 bopd but I see this as conservative and expect it to be in excess of this. It is generally accepted that Matra are sat on more oil than they are currently allowed to confirm and that they are actively seeking further assets. There is more oil here and that is the reason why Delek are on the Board. It’s easy when you know how to get the information!

Hold your stock and await the news!

Viva!

Daniel