Imperial Energy: No Russian Licenses to be Revoked

Imperial confirms that a meeting took place today with Rosnedra, the Russian license regulator, regarding licenses of Nord Imperial, Allianceneftegaz and Sibinterneft.

Rosnedra has advised the company that none of its licenses are to be revoked and at Nord Imperial, Sibinterneft and the Maiskoye field of Allianceneftegaz all license obligations have been met. These interests represent in excess of 80% of Imperial's total 2P reserves.

In relation to certain other licenses at Allianceneftegaz on Blocks 70, 85 and 86, Rosnedra noted certain outstanding seismic related work and required that such be completed within three months. Imperial expects to receive minutes of such meeting within one month.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sales Manager - Safety Relief Valves
Expertise: Business Development|Sales
Location: Houston, TX
 
Staff Auditor 2
Expertise: Business Analyst|Risk Management
Location: TX
 
United States Conroe: Product Champion
Expertise: Business Development|Marketing|Sales
Location: Conroe, TX
 
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours