Matra Petroleum plc (Matra) is a United Kingdom-based oil and gas Company. The Company has one reportable segment, being operations in the United States of America. It has disposed Arkhangelovskoye and had changed its operating focus and is now entirely focused on oil & gas development and production in the United States onshore oil and gas sector with its corporate head office in the United Kingdom. The Company owns 27 leases located in the Texas Panhandle. The leases cover an area of 5,801 net acres across the Texas Panhandle comprising Carson, Hutchinson and Moore counties with net 2P (Prove and Probable) reserves estimated by the Competent Person to be 15 million barrels (mbbls) of oil equivalent. Matra Cyprus Petroleum (Alpha) Limited and Matra Petroleum U.S.A. Inc. are the wholly-owned subsidiaries of the company.