AUSSIE INDEPENDENT TO ACQUIRE RUSSIAN TRACTS

Australian independent Coplex Resources NL has won exclusive rights to acquire a 50% interest in oil and gas joint ventures in the Krasnodar region of the Russian Federation on the Black Sea's northeast coast. In other action, Ovoca Resources plc, Dublin, signed a letter of intent to develop mineral resources in Georgia. And TM Oil Production Ltd., London, secured processing and export of production in western Siberia.

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