Volga Gas PLC (VGAS)

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Company Description

Volga Gas PLC is a public limited company registered in England and Wales incorporated in the United Kingdom on 25 July 2006. The Company is an independent oil and gas exploration and production company. It is engaged in the exploration, development and production of its gas, condensate and oil fields in the Volga Region of European Russia. The Company owned 100% interests in five licence areas in the Saratov and Volgograd regions: Karpenskiy, Vostochny- Makarovskoye, Dobrinskoye, Pre-Caspian and Urozhainoye-2. The Company's business strategy is to continue the development of the Vostochny Makarovskoye field and to manage production on the Dobrinskoye and Uzenskoye fields whilst at the same time exploring the potentially prospective structures on the Company's licence areas...