Shelton’s and Petrogrand’s operations in the Bashkiria and Komi regions respectively, both located in the European part of Russia, will be managed as one oil group.
The assets have a current net working interest oil production of about 1350 barrels of oil per day and 2P oil reserves of about 32 million barrels.
Under the deal, Petrogrand will receive $4 million and 17.5
