Acquisition documents for Sprint Energy to acquire a 74% interest in OOO Bakcharneftegaz (BNG), the holder Block 71-1 in Western Siberia’s Tomsk, have been formally executed.
Preparations for the re-entry of Well 4 on Block 71-1 are well advanced, with equipment already mobilized and heading to site to undertake the re-entry activities, the company said, adding spudding of the well is expected to commence before the end of December 2012.
The company is currently in talks with several parties and confirms that subject to funding, Sprint also expects to commence work on the development of a new exploration well on Block 71-1 in early 2013.
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