Petrogrand: Russian Authorities Postpone Muromoskij-2 License Decision

Petrogrand has reported earlier that an application to obtain the right to perform geological surveys on the Muromskij-2 license area in the Tomsk region has been submitted through the Russian subsidiary Petrogrand Invest LLC.

When the application period expired on 4 February, one additional application had been submitted. The authorities should have decided within 30 days whether an auction will be arranged or if one of the applicants free of charge will be granted the right to perform geological surveys on the Muromskij-2 license area.

The authorities are at present reviewing the other application to decide whether it can be accepted and the decision concerning the allocation of the rights to the license area has been postponed. The decision is expected around the turn of the month March/April.

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