Participate in development of proven and probable reserves of more than 46 million barrels of light oilThe Business
The Company has a license to develop oil and gas in Urals region. It has driled fourteen exploratory wells and has uncovered light oil (40 API; 820 oil density) proved plus probable reserves of 46 million barrels.
The Company has a well developed infrastructure including pipeline tie, storage tank, and oil preparation unit, and good logistics with access to highway and rail transport.
The Company has transparent international accounting reporting, international reserves audit, and independent directors. Management has a solid track record in the region and substantial experience with Russian and international oil majors.
Market
The Company is seeking $10 million to drill two production wells and complete 3D seismic work.
Sector: EnergySegment: ExplorationRegion: RussiaFinancing Size: $5m to $20mContact: Alexander Prokhorov
Company: Joule Capital ManagementTelephone: +44 20 3318 2676Email: [email protected]