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Sprint Acquires a Further Project in the Tomsk Region of West Siberia

  • Published September 25, 2012 2:37PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Australian based resource company Sprint Energy Limited (ASX: SPS) (“Sprint” or the “Company”) is pleased to announce it has have entered into an option agreement (“Option”) with Terra Ltd (“Terra”) to acquire up to 75% equity interest in Terra, who is the 100% holder of the highly prospective license Block 95-3 (the “Project”) in the prolific Nyurol Basin, Tomsk Region, Russian Federation.

The Company’s established relationship with Mr Mikhail Malyarenko who is a seasoned petroleum geologist from the Tomsk region, is further strengthen through the acquisition of Block 95-3.

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