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Technical Due Diligence Update of Russian Projects

  • Published November 03, 2012 2:44AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Sprint Energy Ltd (“Sprint”) (ASX Code: SPS) is pleased to provide an update on the progress of the technical due diligence review of the Russian projects. The Tomsk and Penza field visits have revealed new key insights which are further and better explained below.

In October, members of the Sprint board visited both the Tomsk (West Siberian – Nyruol Basin) and Penza (Volga-Ural Basin) projects, in order to meet with key project stakeholders, review new data, assess logistics and obtain a better understanding of the funding requirements.

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