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Seismic Acquisition

21 Jun 2007 07:01

Volga Gas PLC21 June 2007 21 June, 2007 VOLGA GAS PLC SEISMIC ACQUISITION Volga Gas Plc (the "Company"), the independent gas exploration and productioncompany, which currently holds three subsoil licenses in the Volga Region ofEuropean Russia, today announces the completion of the acquisition of 3-Dseismic on the Yuzhny-Ershovskoye structure in the Karpenskiy License Area('KLA'). The data acquired is of very good quality and will be processed andinterpreted by Schlumberger, from which the well location will be derived forthe drilling of the first of two deep sub-salt appraisal/exploration wells asset out in the Company's Admission document. It is expected that deep sub-saltwell will be spudded in 1Q 2008. The Saratovneftegeophysika seismic party now moves to the Yuzhny-Mokrousovskoyestructure where it will acquire 160 sq kms of 3D seismic; the purpose of this3-D seismic is to identify the location of the second deep sub-salt well. The Company expects to announce revisions to its resources on theYuzhny-Ershovskoye structure and include the newly-identified resources on theYuzhny Mokrousovskoye in 1Q 2008. Both structures are on the Karpenskiy license area which covers approximately4,180km and is situated on the northern edge of the North Caspian Basin in theSaratov region. Mikhail Ivanov, Chief Executive of Volga Gas commented: "The seismic data on both Yuzhny-Ershovskoye and Yuzhny-Mokrousovskoye willassist in identifying the optimum locations to drill two deep sub-salt wells onthe KLA and to update our resource base. The completion of the 3-D seismicdemonstrates that the Company is executing on its operation plan which we laidout at the time of our IPO" - ends - For additional information please contact: Financial DynamicsJonathon Brill +44 (0)20 7269 7170Billy Clegg +44 (0)20 7269 7157Ekaterina Alferova +44 (0)20 7269 7257 KBC Peel Hunt (Nominated Adviser) +44 (0)20 7418 8900Jonathan MarrenAlina Savych This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
14th Apr 20217:00 amRNSCancellation of trading on AIM
14th Apr 20217:00 amRNSCancellation - Volga Gas PLC
23rd Mar 20213:44 pmRNSHolding(s) in Company
11th Mar 20214:21 pmRNSCommencement of Compulsory Acquisition Process
9th Mar 20217:47 amRNSHolding(s) in Company
8th Mar 20217:00 amRNSProposed cancellation of trading on AIM
5th Mar 20216:00 pmRNSVolga Gas
5th Mar 20217:01 amRNSAcceptance of Offer by Directors of Volga Gas PLC
5th Mar 20217:00 amRNSOffer Declared Unconditional In All Respects
12th Feb 20217:00 amRNSOffer Declared Unconditional as to Acceptances
2nd Feb 20217:00 amRNSAcceptance Levels and Extension of Offer
19th Jan 20217:00 amRNSAcceptance Levels and Extension of Offer
5th Jan 20219:53 amRNSPRODUCTION REPORT FOR DECEMBER 2020
5th Jan 20217:00 amRNSAcceptance Levels and Extension of Offer
14th Dec 20207:00 amRNSPosting of Offer Document
2nd Dec 20207:00 amRNSPRODUCTION REPORT FOR NOVEMBER 2020
18th Nov 20202:25 pmRNSForm 8 (OPD) - GEM Capital Holdings (CY) Ltd
16th Nov 20207:00 amRNSAll Cash Offer for Volga Gas plc
4th Nov 20207:00 amRNSPRODUCTION & DRILLING UPDATE REPORT FOR OCT 2020
6th Oct 20207:00 amRNSEXPLORATION DRILLING UPDATE
2nd Oct 20207:00 amRNSPRODUCTION & DRILLING UPDATE REPORT - SEPTEMBER 20
30th Sep 202010:57 amRNSResult of AGM
30th Sep 20207:00 amRNSINTERIM RESULTS
28th Sep 20207:00 amRNSUPDATE ON FORMAL SALE PROCESS
8th Sep 20207:00 amRNS2019 ANNUAL RESULTS AND NOTICE OF AGM
2nd Sep 20207:00 amRNSPRODUCTION & DRILLING UPDATE REPORT FOR AUGUST 20
14th Aug 20207:00 amRNSOIL DRILLING UPDATE
7th Aug 20207:00 amRNSPRODUCTION & DRILLING UPDATE REPORT FOR JULY 2020
3rd Jul 20207:00 amRNSPRODUCTION REPORT FOR JUNE 2020
26th Jun 20207:00 amRNSUPDATE ON FORMAL SALE PROCESS
2nd Jun 20207:00 amRNSPRODUCTION REPORT FOR MAY 2020
29th May 202011:05 amRNSSecond Price Monitoring Extn
29th May 202011:00 amRNSPrice Monitoring Extension
29th May 20207:00 amRNSDELAY IN PUBLICATION OF 2019 ANNUAL REPORT
18th May 20202:00 pmRNSPrice Monitoring Extension
11th May 20207:00 amRNSSTATEMENT RE SHARE PRICE MOVEMENT AND FSP
4th May 20204:16 pmRNSPRODUCTION REPORT FOR APRIL 2020
20th Apr 20204:41 pmRNSSecond Price Monitoring Extn
20th Apr 20204:36 pmRNSPrice Monitoring Extension
17th Apr 20204:25 pmRNSForm 8.3 – Nicholas Mathys – Volga Gas plc
17th Apr 20204:25 pmRNSForm 8.3 - Genesis Development Holdings Co Ltd
17th Apr 20201:06 pmRNSForm 8 (OPD) Volga Gas PLC - Replacement
17th Apr 20208:04 amRNSForm 8 (OPD) Volga Gas PLC
14th Apr 20202:37 pmRNSPRODUCTION REPORT FOR MARCH 2020 - Replacement
9th Apr 20203:26 pmRNSHolding(s) in Company
7th Apr 20207:00 amRNSPreliminary Results
7th Apr 20207:00 amRNSStrategic Review including Formal Sale Process
2nd Apr 20207:00 amRNSPRODUCTION REPORT FOR MARCH 2020
20th Mar 20207:00 amRNSDirectorate Changes
10th Mar 20202:05 pmRNSSecond Price Monitoring Extn

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