Master RSI
- 28 Jul 2009 09:45
- 8 of 9
VOG 3.95p +0.25p
An UP it goes on further good news............
Victoria Oil gets approval for West Med estimate
Victoria Oil & Gas says the Russian Ministry of Natural Resources has approved a resource estimate for its West Medvezhye project of 170 million barrels of oil equivalent.
Chairman Kevin Foo said, 'The West Med project continues to gain momentum.
'We have worked closely with the Russian authorities on our strategy of thorough delineation of the subsurface potential and these results are very satisfying.
'West Med remains one of our brightest prospects and we are planning further subsurface work in the winter.'
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170 Million Barrels of Oil Equivalent C3 Resources Approved for West Medvezhye
Project, Russia
* Calculation of C3 recoverable resources of approximately 170 million barrels of
oil equivalent for three structures at West Medvezhye gas and condensate project
in Western Siberia, Russia
* More than 30 potential structures identified and approved by Russian Ministry of
Natural Resources ("MNR")