News
December 3, 2013
Operations update
Highlights
- Drilling operations re-commenced
- Production currently 2,300 bopd, workovers planned once winter roads available
- Continued progress on re-financing as discussions widen to include additional parties
September 30, 2013
Interim Results for the Half Year Ended 30 June 2013
Highlights:
· H1 production of 445,949 barrels of oil for the period – average of 2,464 bopd
· Encouraging further progress on financing
· Current group production 2,500 bopd
September 11, 2013
Operations update
Highlights
- Production steady at 2,500 bopd
- Beginning to see positive impact of pressure maintenance at Arbuzovskoye
- Strong realised oil prices
- Encouraging progress on financing
June 28, 2013
2012 Final results and operations update
2012 Final results and annual report published
June 2013 Operations Update
• Current total production steady at 2,600 bopd
• Water injection commenced at Arbuzovskoye oil field
• Monthly repayments to Macquarie commenced
• Farmout and refinancing discussions ongoing
June 2013 Operations Update
• Current total production steady at 2,600 bopd
• Water injection commenced at Arbuzovskoye oil field
• Monthly repayments to Macquarie commenced
• Farmout and refinancing discussions ongoing
March 21, 2013
Operations update
Highlights:
- Arbuzovskoye well 105 successfully completed
- Initial oil flow rate of 160 bopd, with no water production
- Successful workover restores production at Arbuzovskoye well 102 to 380 bopd
- Recent pressure testing of two Arbuzovskoye wells shows normal pressure decline
- Arbuzovskoye water source well completed, planned pressure maintenance to commence shortly
- Timing and location of future Arbuzovskoye wells to be determined by response to pressure maintenance programme
- Total production increased to 2,800 bopd
February 8, 2013
Operations update
· Arbuzovskoye well 112 successfully completed
· No water production associated with the well
· Initial oil flow rate of 140 bopd, well presently shut-in for pressure build up testing
· Well 105 currently drilling ahead
· Production from two Arbuzovskoye wells temporarily reduced by c300 bopd due to mechanical issues; expected to be fixable by workover or pressure maintenance
· Total production running at 2,600 bopd; excludes 400+ bopd potential from well 112 and the two mechanically reduced Arbuzovskoye wells
