PrimeGen Energy advises that as part of the recent previously announced acquisition on March 31, 2009, of a 100% interest regarding an oil and gas project in Rodnikovskogo, Russia, the operator, Seneko, has notified PrimeGen of their mobilization of equipment for the commencement of drilling within the participatory lands.
The well has been titled as the "Rod 10-21" and is scheduled for immediate drilling with preliminary results anticipated within one week from commencement. The operator has advised that the equipment is currently on its way to the targeted location and drilling will begin shortly.
Continuing 3D seismic data collection and analysis of the property is scheduled for 2010 and will be running concurrently with the drilling program. Several additional high potential drill targets have already been identified and will be further defined and evaluated for feasibility during the next phase of work on the property. The license is within a highly prospective region with existing oil production on adjacent licenses and the super-giant THK-BP gas field.
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