Sibneft, perhaps a new Lukoil Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Sibneft, perhaps a new Lukoil

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Copperfield	7/2/2005 8:46:31 PM
	of 13

Sibneft Acquires Second Field in Eastern Siberia ................................... Moscow. July 1, 2005. Sibneft has won an open subsurface resource auction for the Tympuchikanskiy block in Russia’s Republic of Sakha (Yakutia). The acquisition is Sibneft’s second in the Eastern Siberia region following the company’s purchase of the Srednetaimurinskiy block in Krasnoyarsk in May of this year. The Tympuchikanskiy block has recoverable reserves (categories C1+C2) of 16.9 million tons of oil and 13.4 billion cubic meters of natural gas (123.5 million barrels and 473 billion cubic feet, respectively). Sibneft will pay 440 million rubles ($15.36 million) for the license, or about $0.078 per barrel of oil equivalent. “The Tympuchikanskiy acquisition demonstrates that, in addition to broadening our resource base in our main operating regions, Sibneft is looking to the future by acquiring licenses in the promising Eastern Siberian basin,” said Sibneft president Eugene Shvidler.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next