Suncrest Energy In Talks to Acquire Additional Russian Acreage

Suncrest Drilling Energy is completing negotiations with several Russian oil companies for development sites and existing exploration. These will result in exclusive contract agreements with the owners of Russian Oil reserves in the North Sorokinskiy License Area. This area includes the three oil fields Dmitrovskaya, Krutikhinsko-Zhelninskaya and Tikhanininskaya,

"These properties in the Soviet Union represent a significant amount of proven reserves," said David Alexander, Chairman. "We are very excited to have the opportunity to work with these companies and to bring additional reserves that will prove to be an valuable asset to SUNCREST and its shareholders."