Volga Gas PLC - oil & gas explorer operating in Volga region of Russia - Says average production in November at 2,945 barrels of oil equivalent a day, a 20% reduction from 3,680 barrels per day in October. Says decrease due to planned four-day maintenance at its has processing plant as well as a full month shut down of well 4VM pending a workover and a replacement of pump parts. Domestic pricing for oil, condensate and liquefied petroleum gas improved with LPG showing the most improvement with an average of USD60.60 per barrel from USD29.68 in October.
Current stock price: 22.12 pence
Year-to-date change: down 42%
By Ife Taiwo; ifetaiwo@alliancenews.com
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