Technologies for Onshore Oil & Gas Exploration

September 6, 2011
"The 3-D IPDS survey results have exceeded our expectations.  The new data has identified drilling targets even more promising than before, and although this demanded considerable extra time in data  analysis  and refining our model, we believe the result will be to minimize  uncertainties  and further reduce the exploration risks associated with our forthcoming drilling campaign."

November 5, 2012
Simba Energy “Here on Block 2A, in a manner complemented by our existing 2D data, the passive seismic survey has discovered four more potential leads for follow up at our primary and secondary leads (P1 & P2) and confirmed good potential for hydrocarbons.  We now have sufficient information and are comfortable that an additional small survey of 2D seismic has the potential to further upgrade our P1 & P2 target areas with some prospects that easily support a decision to drill.”

November 1, 2013
“Urals Energy has now concluded its preliminary review of the results of the Passive Seismic Spectroscopy and a separate Micro-Seismic survey…preliminary review of theresults show the possibility of significantly increasing production at Arcticneft from the current horizons  with limited capital and operational expenditure. This is based on five main trends of hydrocarbon potential as revealed by the results of the Surveys and is consistent with the Company’s existing exploration strategy.”

September 6, 2011
"The 3-D IPDS survey results have exceeded our expectations.  The new data has identified drilling targets even more promising than before, and although this demanded considerable extra time in data  analysis  and refining our model, we believe the result will be to minimize  uncertainties  and further reduce the exploration risks associated with our forthcoming drilling campaign."

November 5, 2012
Simba Energy “Here on Block 2A, in a manner complemented by our existing 2D data, the passive seismic survey has discovered four more potential leads for follow up at our primary and secondary leads (P1 & P2) and confirmed good potential for hydrocarbons.  We now have sufficient information and are comfortable that an additional small survey of 2D seismic has the potential to further upgrade our P1 & P2 target areas with some prospects that easily support a decision to drill.”

November 1, 2013
“Urals Energy has now concluded its preliminary review of the results of the Passive Seismic Spectroscopy and a separate Micro-Seismic survey…preliminary review of theresults show the possibility of significantly increasing production at Arcticneft from the current horizons  with limited capital and operational expenditure. This is based on five main trends of hydrocarbon potential as revealed by the results of the Surveys and is consistent with the Company’s existing exploration strategy.”

September 6, 2011
"The 3-D IPDS survey results have exceeded our expectations.  The new data has identified drilling targets even more promising than before, and although this demanded considerable extra time in data  analysis  and refining our model, we believe the result will be to minimize  uncertainties  and further reduce the exploration risks associated with our forthcoming drilling campaign."

November 5, 2012
Simba Energy “Here on Block 2A, in a manner complemented by our existing 2D data, the passive seismic survey has discovered four more potential leads for follow up at our primary and secondary leads (P1 & P2) and confirmed good potential for hydrocarbons.  We now have sufficient information and are comfortable that an additional small survey of 2D seismic has the potential to further upgrade our P1 & P2 target areas with some prospects that easily support a decision to drill.”

November 1, 2013
“Urals Energy has now concluded its preliminary review of the results of the Passive Seismic Spectroscopy and a separate Micro-Seismic survey…preliminary review of theresults show the possibility of significantly increasing production at Arcticneft from the current horizons  with limited capital and operational expenditure. This is based on five main trends of hydrocarbon potential as revealed by the results of the Surveys and is consistent with the Company’s existing exploration strategy.”