Delek International Energy Limited successfully subscribed for a 29.9% stake in Matra Petroleum Plc. This involved the issue of 135 million new shares in Matra at an issue price of 4.5p per share, raising £6.075 million to fund initial drilling in Orenburg, Russia.
Delek International Energy Limited is a subsidiary of Delek Group, an Israeli conglomerate with a market capital in the region of US$2.3 billion. Delek holds interests in upstream oil and gas assets in Israel, Vietnam, Guinea Bissau and the USA.
June Paddock advised Delek on the subscription.