Petrogrand AB: Application submitted to Tomsknedra shows additionally increase in C3 resources in the Nizhnepaninsky license block
Petrogrand is pleased to report that the final report have been submitted to
Tomsknedra on increased C3-resources. The final report C3-resources amounts to
54,8 million tons (411 mmbbl). The volume is distributed over four areas:
Yuzhno-Nazinskaya 24,8 million tons), Nizhnepaninskaya (5,3 million tons),
Ambarskaya (16 million tons) and Paninskaya (8,7 million tons). During the
winter 2012 two exploration wells will be drilled in the license area.
We have in addition to this submitted an updated C3-resouce number on Muromsky-
2. The report includes two of four areas that the former licensee identified.
These two areas include 20,5 million tons (154 mmbbl) that is somewhat higher
than the earlier reported numbers on these two areas. It is distributed over
Muromskaya (2,1 million tons) and Ragozinskaya (18,4 million tons). During the
winter of 2012 one exploration well will be drilled at the area. We plan to
shoot new seismic on part of the license area during next year.
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Source: Petrogrand AB via Thomson Reuters ONE