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Russia: Third Krasnoleninsky exploratory well spuds

International Petroleum Ltd., Perth, has spudded exploratory Well No. 4 at its Krasnoleninsky project in the Khanty-Mansiysk Autonomous Region of Western Siberia, Russia.

The preceding exploratory wells No. 1 in license block 7 and No. 2 in license block 8 both discovered commercial quantities of oil. Well No. 4, the first well in block 10, is to go to 3,100 m true vertical depth. IPL holds 75% interest in four blocks that total 1,467 sq km. The other planned 2012 well is Well No. 3 in license block 9.

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