Matra Petroleum AB (NASDAQ:MATRA) is a Swedish independent oil and gas exploration and production company operating in the United States. With proven reserves of 22.9 million barrels of oil equivalent in Texas, of which 90% is undeveloped, Matra is positioned to grow organically by exploiting its existing reserves, commercializing and developing discoveries. Production target for existing assets amounts to 6,000 boepd.
Barskiy tells us more about the company’s move over to NASDAQ First North, Sweden and outlines the strategy for taking the company forward in increasing oil production from their Texan fields in the US.
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