At the deferred Moscow Regional Court hearing held yesterday, the presiding judge dismissed all claims by Gaz i Neft against Matra Petroleum.
Peter Hind Matra’s Managing Director said:
“We are very pleased that this matter has now been resolved. Progress and work on our discovery in Orenburg has not been affected and we look forward to aggressively pursuing field development, further exploration on our block and new opportunities in Russia.”
Review all our latest Alternative Investment Market news and associated company profiles