MOSCOW, March 13 (Reuters) - Russian explorer Timan Oil & Gas Plc TMAN.L said on Thursday a Moscow court had dismissed a government agency's appeal to deny it a license.
“We are very pleased with this new ruling and fully expect to be issued with the license in the near future,” Timan CEO Alexander Kapalin said in a statement.
Rosnedra, the agency responsible for granting and revoking subsoil exploration licences in Russia, had appealed in February to not issue an exploration license for the London-listed firm.
The license is for the Zapadno-Vodnenskoye area in the resource-rich Timan-Pechora region in the north of the country.
Timan also has fields in the southern Caucasus region of Dagestan.
Rosnedra is a division of the Natural Resources Ministry. (Reporting by Amie Ferris-Rotman)
Our Standards: The Thomson Reuters Trust Principles.