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International Petroleum: Commenced Drilling Appraisal Well #38 at Yuzhno-Sardakovsky

International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, announces that it has commenced drilling appraisal well number 38 at its Yuzhno-Sardakovsky field. During August 2011, the Company entered into an agreement to acquire Vamaro Investments Limited (“Vamaro”), the 100% legal and …

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International Petroleum: Secures 2m USD Loan Facility

International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that it has secured an additional US$2 million convertible loan facility from Varesona Participation Corporation, an entity controlled by Frank Timis, a non-executive director, to fund exploration expenditure and …

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International Petroleum: First Production and Sales of Oil

International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that it has commenced production and sales of oil from well number 52 at the Zapadno-Novomolodezhny field. During August 2011, the Company entered into an agreement to acquire Vamaro Investments Limited (“Vamaro”). …

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Krasnoleninsky Project – Exploration Drilling Update

International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”), an oil and gas exploration company with assets in Russia and Kazakhstan, announces that it has commenced drilling a new exploration well. The Company owns a 75% equity interest in the exploration rights to four blocks, covering a total area …

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International Petroleum Starts Drilling at Yuzhno-Sardakovsky

International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, announces that it has commenced drilling Well number 34 at its Yuzhno-Sardakovsky field. In February 2012, the Company completed the acquisition of Vamaro Investments Limited (“Vamaro”), the 100% legal and beneficial owner of two licences …

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International Petroleum: Quarterly Review

International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to present its quarterly activities report for the quarter ended 31 March 2012. HIGHLIGHTS US$13.034 million cash at bank at 31 March 2012. Completed the acquisition of 100% of the shares in Vamaro Investments …

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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 …

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International Petroleum Completes the Acquisition of Vamaro Investments Limited

International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that it has completed the acquisition of Vamaro Investments Limited, the 100% legal and beneficial owner of two licences for geological study of subsoil, prospecting and extraction of oil and gas in the …

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International Petroleum Appointed Pierre Godec as Non-Executive Director

International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce the appointment of Mr Pierre Godec as a Non-Executive Director of the Company with immediate effect. Mr Godec, aged 67, has 40 years’ experience in the international oil industry. He spent …

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International Petroleum Completes VostokNeftegaz Purchase

International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to update the market on the completion of an acquisition and the revision of the terms of a disposal. Acquisition of the Druzhny Project – Western Siberia, Russia On 4 November 2011, the …

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