These non-core exploration blocks are located adjacent and to the north of the Tigil exploration block where the company recently drilled two unsuccessful exploration wells.
PetroKamchatka, through various operating subsidiaries, held 90% to 100% interests in the three blocks and have incurred minimal capital expenditures to date, the company said.
PetroKamchatka is a junior exploration company with core properties located in the Kamchatka Peninsula of Russia.
