The Cyprus-registered, AIM-listed outfit is looking at producing fields worth “in the area of less than $100 million” in three parts of Russia – the European side of the country, Eastern Siberia and Western Siberia.
Speaking to Upstream, chief executive Alexei Maximov said that the explorer had entered into due diligence on at least one of the targets and hoped to complete one of the buys this year, most likely with a mix of debt and equity.
“We
