LONDON (Alliance News) - Ruspetro PLC said Monday it has started drilling its second horizontal well, number 251, from Pad 23b after completing drilling of the horizontal section of the first well, number 214.
The company said production from well 251 is expected in August 2014. Well 214 is currently being completed, with first production expected in July this year, as planned, it said.
Ruspetro is an independent oil and gas development and production company holds assets in the Western Siberia region of the Russian Federation.
Shares in the company were trading 1.12% higher at 16.18 pence per share Monday morning.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
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