Matra Petroleum Plc logo Fox-Davies Capital cut shares of Matra Petroleum Plc (LON: MTA) to a hold rating in a research note issued to investors on Friday, Analyst Ratings Network.

Matra Petroleum ("Matra") is pleased to announce that it has signed an agreement to dispose of its 100% interest in the Arkhangelovskoe Licence which includes the Sokolovskoe Field, to a third party, consisting of an initial payment of US$25 million ...