MALKA OIL: JUNE 2009 PRODUCTION: 1,804 BARRELS PER DAY>
MALKA OIL: JUNE 2009 PRODUCTION: 1,804 BARRELS PER DAY
(Thomson Reuters ONE) - Malka Oil's total production of oil for the month of June 2009amounted to 54,132 barrels, an increase with 8,993 barrels comparedto May when the production was 45,139 barrels. On average theproduction was 1,804 barrels per day compared to 1,456 barrels perday during May.During June, Malka Oil produced oil from 9 wells.We are sorry for the delay with this report.For further information, please contact:Maks Grinfeld, MD, tel: +46 768 077 614Sven-Erik Zachrisson, Chairman of the Board of Directors, tel: +46 841 05 45 96For further information on Malka Oil AB, see the websitewww.malkaoil.seMalka Oil AB (publ) is an independent oil and gas production companyoperating in the Tomsk region in western Siberia. Their currentposition consists of oil and gas assets for licence block number 87in the said region. The block has a surface of 1,800 squarekilometres. There are currently three oil fields at the licenceblock, namely Zapadno-Luginetskoye ("ZL"), Lower Luginetskoye ("LL")and the Schinginskoye oil field, and a large quantity of other notyet drilled oil structures.The ZL and LL oil fields are in production and these two oil fieldshave during 2007 went through reserve classification by the RussianState Committee of Reserves (GKZ) and during spring 2008 a Westernreserve study made by DeGolyer and MacNaughton. The GKZ registeredextractable oil and condensate reserves in the categories C1 and C2amounted to 97 million barrels at the end of 2007. The company's ownestimate of its extractable oil and condensate reserves, C1+ C2, inthe three existing oil fields on licence block number 87 is currently140-190 million barrels. The Western reserve study estimation as ofApril 30, 2008 amounted to 43.5 million barrels 2P and 90.6 millionbarrels 3P oil reserves.Malka Oil's licence block is surrounded by a large number ofproducing oil and gas fields.Reasonable caution notice: The statement and assumptions made in thecompany's information regarding Malka Oil AB's ("Malka") currentplans, prognoses, strategies, concepts and other statements that arenot historical facts are estimations or "forward looking statements"concerning Malka's future activities. Such future estimationscomprise 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 Malka's expectations andassumptions made on the basis of information available at that time.These statements and assumptions are subject to a large number ofrisks and uncertainties. These, in their turn, comprise but are notlimited to i) changes in the financial, legal and politicalenvironment of the countries in which Malka conducts business, ii)changes in the available geological information concerning thecompany's projects in operation, iii) Malka's capacity tocontinuously guarantee sufficient financing to perform theiractivities as a "going concern", iv) the success of all participantsin the group, or of the various interested companies, joint venturesor secondary alliances, v) changes in currency exchange rates, inparticular those relating to the RUR/USD rate. Due to the backgroundof the many risks and uncertainties that exist for anyoil-prospecting venture and oil production company in its initialstage, Malka's actual future development may significantly deviatefrom that indicated in the company's informative statements. Malkaassumes no implicit liability to immediately update any such futureevaluations.http://hugin.info/138739/R/1329829/314091.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
" alt="Data Domain Introduces DD880 Enterprise Deduplication Storage System>">
" alt="MERIT NETWORK, ADVA OPTICAL NETWORKING EMPOWER EDUCATION AND RESEARCH
COMMUNITY>">
Datum: 20.07.2009 - 14:49 Uhr
Sprache: Deutsch
News-ID 3745
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 307 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"MALKA OIL: JUNE 2009 PRODUCTION: 1,804 BARRELS PER DAY>"
steht unter der journalistisch-redaktionellen Verantwortung von
Malka Oil AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
