SAGA Seeks to Improve Production Rates with Ongoing Well Stimulation

SAGA Oil ASA reported that the Company sold 3,943 barrels of oil in June, an average of 132bbl/d. Production from the Company's field in the Orenburg Region of Russia is reflecting ongoing well stimulation campaigns and several wells are off stream for treatment as indicated in an earlier communication.

The results from these actions are expected to improve production rates in the near future.

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