ISRAELI COMPANY TAKES OPTION ON RUSSIAN BLOCK

Geos Ltd. has acquired an option on an 11,750 sq km concession in Tatarskaya, Russia. The Haifa, Israel, seismic data interpretation company has 4 months to form an industry group with financial and technical resources to develop 350 million bbl of proved oil reserves in 57 fields at about 6,500 ft. Geos said the area, adjoining the Tatarskaya capital, Kazan, also has the potential with further exploration for another 5 billion bbl of oil. About 100 anticlines have been identified for possible

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