The property is located in the Krasnoarmeiskome District, Saratovskoi Oblast in Russia. Saratov lies in the European part of Russia and borders Kazakhstan. The property covers an expansive area of approximately 250 sq. km.
Continuing the 3D seismic data collection and analysis of the property is scheduled for 2010 and will be running concurrently with the drilling programme. Several additional drill targets have already been identified and will be defined and evaluated for feasibility during the next phase of work on the property, PrimeGen Energy said.
The license is within a prospective region with existing oil production on adjacent licenses and the THK-BP gas field.
