Petrogrand AB: Spudding of well in Yuzhno-Nazinskaya (N-232)
(Thomson Reuters ONE) -
We have today spudded our well N-232 in Nizhnepaninsky license area. An
important part of the drilling preparations has been to get all the necessary
approvals in place. I would like to take the opportunity to thank our personnel
who have done a very good job with this, which has enabled us to keep our
schedule. The planned depth of the well is 2800 m. For this, the Uralmash
3D- 76 drilling unit will be used. This machine allows for drilling wells up to
5000 m deep. Our targets are Cretaceous, Jurassic, Weathering mantle and
Palaeozoic deposits. We plan to do extensive testing during and after drilling
and the estimated drilling time is 60-70 days, excluding testing. Spudding of
our other two wells (one in Nizhnepaninsky and one in Muromsky-2) will begin
shortly.
For further information, please contact:
Maks Grinfeld, CEO, phone: +46 8 5000 7810
Sven-Erik Zachrisson, Chairman, phone: +46 8 41 05 45 96
Certified Adviser First North: Mangold Fondkommission AB
Reasonable caution notice:
The statement and assumptions made in the company's information regarding
Petrogrand AB's ("Petrogrand") current plans, prognoses, strategies, concepts
and other statements that are not historical facts are estimations or "forward
looking statements" concerning Petrogrand's future activities. Such future
estimations comprise but are not limited to statements that include words such
as "may occur", "concerning", "plans", "expects", "estimates", "believes",
"evaluates", "prognosticates" or similar expressions. Such expressions reflect
the management of Petrogrand's expectations and assumptions made on the basis of
information available at that time.
These statements and assumptions are subject to a large number of risks and
uncertainties. These, in their turn, comprise but are not limited to i) changes
in the financial, legal and political environment of the countries in which
Petrogrand conducts business, ii) changes in the available geological
information concerning the company's projects in operation, iii) Petrogrand's
capacity to continuously guarantee sufficient financing to perform their
activities as a "going concern", iv) the success of all participants in the
group, or of the various interested companies, joint ventures or secondary
alliances, v) changes in currency exchange rates, in particular those relating
to the RUR/USD rate. Due to the background of the many risks and uncertainties
that exist for any oil-prospecting venture and oil production company in its
initial stage, Petrogrand's actual future development may significantly deviate
from that indicated in the company's informative statements.
Press Release PDF:
http://hugin.info/138739/R/1587118/497794.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Petrogrand AB via Thomson Reuters ONE
[HUG#1587118]
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Bereitgestellt von Benutzer: hugin
" alt="EXTORRE ANNOUNCES WITHDRAWAL OF PROSPECTUSDatum: 17.02.2012 - 14:35 Uhr
Sprache: Deutsch
News-ID 116066
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contact information:
Town:
Stockholm
Kategorie:
Business News
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