EXPLORATION

Sprint rushes into Siberia

SPRINT Energy is hoping for big things in Russia, negotiating a deal which could see it pick up a 74% stake in Tomsk Basin explorer OOO Bakcharneftgaz.

Sprint rushes into Siberia

It will seal the deal by issuing 19% equity in Sprint to Electosecur Limited plus $US800,000 ($A759,000). In addition, should proved plus probable reserves reach 50 million barrels of oil equivalent,...

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