PetroNeftconfirmed the $85 million farm-out deal with Oil India last week for the latter to pick up a 50% stake in License 61 in Russia’s Tomsk Oblast region which will see it pay $35 million up front, $45 million in exploration and development spending and a performance bonus of up to $5 million.
However, Natlata said in a statement on Tuesday that PetroNeft had not provided enough details on the deal.
“Natlata
