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Exillon Energy PLC Announces Acquisition of LLC VenlockNeft

Monday, 10 Sep 2012 02:00am EDT 

Exillon Energy PLC announced that it has secured a 100% interest in LLC VenlockNeft (Venlock) for a total consideration of approximately USD2.5 million. Venlock owns four Exploration, Appraisal and Production licenses in Timan-Pechora. Two of these licences lie immediately to the south of existing ETP II, ETP IV and ETP V fields, adjacent to existing oil production infrastructure. These two contiguous licences cover an area of 432 kmĀ², and expire in 2031 and 2032. 

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