Matra Petroleum raises £0.35m

Matra Petroleum, an independent oil and gas exploration and production company, has raised £0.35m in the second stage of a placing, bringing its total to £1.2m.

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Matra Petroleum, an independent oil and gas exploration and production company, has raised £0.35m in the second stage of a placing, bringing its total to £1.2m.

The firm placed the further 70m shares with Delek Energy Systems on top of the 170m already placed.

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The firm anticipates that the shares will begin trading on AIM on or around 22 November.

Managing director Peter Hind said: "We are delighted that Delek has participated in this placing and continues to strongly support Matra in progressing the development of the Sokolovskoe Field."

The share price rose 4.35% to 0.6p by 12:58.

NR

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