International Petroleum: 6M Review and Update
International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”), an oil and gas exploration company is pleased to present its quarterly activities report for the quarter ended 31 March 2014 and the quarter ended 30 June 2014. UPDATE ON KEY ISSUES • US$121k cash at bank at 31 March …
International Petroleum: Sale of Russian Assets and Loans Swapped to Shares
International Petroleum Limited advises that it has entered into share purchase agreement pursuant to which it will sell subsidiary companies, IPL Siberia Limited and International Petroleum Company Limited, to an unrelated company incorporated in the British Virgin Islands (Buyer) for US$13million (Transaction). IPL Siberia indirectly holds the Yuzhno-Sardakovsoye Block Licence, …
International Petroleum Reports on the Krasnoleninsky, Vamarov, Druzhny and Kazak Fields
In April 2011, the Company commenced drilling of Well No. 1 and Well No. 2 at its Krasnoleninsky Project, which comprises a 75% eqity interest in the exploration rights to four blocks covering a total area of 1,467 km² located in the Khanty-Mansiysk Autonomous Region in Western Siberia, the largest …