Rosneft expands Polarcus/DMNG project award in Black Sea

Reference is made to the notice published by Polarcus Limited on 17 June 2010 regarding the receipt of a Letter of Intent from Rosneft for a 1,030 square kilometer 3D seismic acquisition project in the Russian sector of the Black Sea.

Polarcus Limited (OAX: PLCS) announced today that the Polarcus / JSC Dalmorneftegeophysica (DMNG) partnership has received formal notification from Rosneft that the 3D seismic acquisition project has been expanded to 2,069 square kilometers. The project, to be acquired by POLARCUS ASIMA, will commence in September 2010 and is now expected to run for approximately two and a half months.

Reference is made to the notice published by Polarcus Limited on 17 June 2010 regarding the receipt of a Letter of Intent from Rosneft for a 1,030 square kilometer 3D seismic acquisition project in the Russian sector of the Black Sea.Polarcus Limited (OAX: PLCS) announced today that the Polarcus / JSC Dalmorneftegeophysica (DMNG) partnership has received formal notification from Rosneft that the 3D seismic acquisition project has been expanded to 2,069 square kilometers. The project, to be acquired by POLARCUS ASIMA, will commence in September 2010 and is now expected to run for approximately two and a half months.

Source:  www.polarcus.com