NWOG Gets Drilling Permit for Second Shalinsky Well

NWOG together with the CJSC "North-West Oil Group" (Russia) have obtained all necessary permissive documents for drilling of the second well at the Shalinsky license field and is planning to start with the drilling early in August. After completion of the drilling, production rate will amount as predicted approximately to 5694 barrels a month of total stock volume of 10,950,000 barrels.