Matra Petroleum's average daily oil and gas production*, gross, in August 2018 increased by 12% to 855 barrels of oil equivalent per day ("boepd") (July 2018: 762 boepd) and by 26% compared to the average consolidated daily production in Q2 2018 (676 boepd).
As previously informed in the Q2 financial report, daily production reached 900 boe in late August 2018, and has continued to increase in September.
The drilling program is on track with twelve wells drilled to date, out of which eight have been put on production. Four wells are scheduled for completion in September.
Consolidated oil and gas production, gross
Total daily production
* preliminary numbers, based on estimated shrinkage in processing