Oil and Gas Exploitation in Southwestern Russia

Substantial proven reserves available for exploitation
The Business

The Company controls two parcels of land that have been subject to extensive oil exploration in recent years. Eight exploration wells have been completed that have confirmed reserves of 10.1 million tons of oil (C1 + C2) and 650 million cubic meters of natural gas.

Oil pipelines (crude and refined) traverse the Company?s properties and the region is favorably situated in the European sector of Russia for transport by highway or rail.

Market
Due to its ownership of the land parcels the Company is in a favorable position to obtain the exploitation licenses for these reserves. It is seeking credit financing to complete the work necessary to exploit the oil and gas reserves.
Sector: Energy
Segment: Exploration/Production
Region: Russia
Financing Size: $1m to $5m
Contact: Philippe Der Megreditchian
Company: OLMA
Telephone: +33 6 03 88 30 13
Email: [email protected]