Partners solicited to explore N. Korea onshore area

Sovereign Ventures Pte. Ltd., Singapore, is seeking experienced partners to explore and develop the first onshore oil and natural gas concession in communist North Korea to be granted to a foreign company. Click here to enlarge imageThe concession, awarded by the Korean Oil Exploration Corp. in September, covers some 6,000 sq miles, or about 5% of North Korea´s landmass. Known as PSCA Techon-Rajin, it is on the Chinese border across the Tumin River in the northeastern part of the Korean Peninsula and southwest of Vladivostok, Russia.The concession provides for an initial 3-year testing period for geophysical exploration, a 2-year exploration drilling stage, and, if successful, 20 y...

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