Analysis shows gas and condensate of the highest quality
The Company has had samples of both gas and condensate from well #4 taken for analysis earlier during the spring. The results from these analyses have now been delivered to the Company from the geochemical institute OAO TomskNIPIneft. The results show that 71-1 contains both gas and condensate of the highest commercial quality.
The gas consist of 89.22% methane. This is a very good result and the gas corresponds well to the gas Russia exports to both the EU and to Asia.
The condensate also was of the highest quality, the one that is most valuable in the market, with a freezing point of -60C; no Sulphur; low density = 708 kg/m3; low viscosity and the absence of solid elements.
The official Russian document with the results is attached to this press release. Protocol No. 156 refers to the condensate and protocol No. 157 refers to the gas.
Further to this, the Company has handed in samples of light oil. The results from this analysis will take an additional couple of weeks.
The previously mentioned negotiations with Asian investors will now recommence with full intensity, as these results has been awaited because they play an important role in the valuation of 71-1.
For further information, please contact:
Anders Thorsell, Board Member
Mobile phone: +46 70 773 20 45
Facts about Interfox Resources AB (publ)
Interfox Resources is a Swedish exploration company with focus on exploration for oil and gas in Russia. In Russia, the company controls one combined exploration and production license in the Tomsk region of Western Siberia, the Elley-Igayskoye. The company has initiated a work program with the purpose of converting resources to reserves.
The Interfox Resources share is traded at Aktietorget under the short name IFOX.