Volga Gas Plc (LON:VGAS) (290.75p, %u25B2 (1.13%)) announced that the State Committee for Resources has approved new C3 prospective resource estimates for a new supra-salt prospect in the Company's Karpenskiy Licence Area. The new resources add approximately 153MMbbl of recoverable oil and 204Bcf of recoverable gas to the Company's Russian C3 resources - in total approximately 187MMbbl of oil equivalent.
 
Roxi Petroleum Plc (LON:RXP) (10.25p, %u25BA (0.0%)) announced that it has, through its subsidiary Galaz Energy BV executed the Sale and Purchase Agreement with LG International Corp to sell a 40% interest in the operating company for the NW Konys Field, Galaz and Company LLP, for US$15.6 million. Roxi has an indirect interest of 50.15% in Galaz through its 59% interest in Eragon Petroleum Ltd.
 
Gulfsands Petroleum (LON:GPX) (HOLD, £3.00) (318p, %u25B2 (0.63%)) announced that production of oil commenced at the Yousefieh field, onshore Syria Block 26 on 24th April 2010. Initially, Yousefieh oil will be produced from two vertical wells, Yousefieh-1 and -3, to a local production facility constructed by and leased from the Syrian Petroleum Company. Processing and exporting Yousefieh's initial oil production in this manner will not constrain production from the Khurbet East field, where production is limited by the Khurbet East EPF capacity of 18,000bopd. Initial rates from the two Yousefieh wells have combined to yield a field initial rate of approximately 1200bopd. The production facilities installed at Yousefieh possess sufficient capacity to handle at least 6,000bopd, which is the targeted production rate for the Yousefieh Field that Gulfsands is aiming to achieve by 2012.
 
Amur Minerals Corp (LON:AMC) ( 5.13p, %u25BC (4.65%)) announced the confirmation of an exciting new drill target previously indicated by geochemical sampling. Results from two wild cat drill holes have defined the potential to expand upon mineral resources at its Kun-Manie nickel copper sulphide licence. The holes are located along strike between two previously drilled deposits known as Maly Krumkon and Vodorazdelny. Receipt of confirmation assays from the independent analytical laboratory SGS has verified the presence of another drill target within the 2 kilometre wide,17km long Krumkon Trend. This trend contains numerous sills and dykes of websterite rock that host the nickel and copper of Kun-Manie.

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