A total of 150 kilometers of new 2D seismic was shot on the Privolny license block and was processed and interpreted in the UK by RPS Energy. This is the first block on which Baltic has focused.
Simon Escott, CEO of Baltic, said:
"We are delighted to note that the conventional high definition 2D seismic just completed has defined two robust drillable prospects in the north Privolny block below the anomalies defined by the surface geochemistry. We are now determining the best way to maximize the potential upside."
Baltic's exploration activities in Kurgan are conducted through a 50 percent equity interest in Zauralneftegaz, which is licensed to explore for hydrocarbons on seven license blocks covering more than one million acres in the Kurgan region of Western Siberia and which is under the board and operational control of Baltic.
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