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16

Imperial Energy Increased Its Russia's Resources by 150%!

Imperial Energy Corporation Plc said on Tuesday that according to an independent audit, its reserves in Russia increased by 150 percent

UK oil & gas explorer Imperial Energy Corporation Plc said on Tuesday that according to an independent audit, its reserves in Russia increased by 150 percent.

“We have major reserves with further significant upside arising from Imperial’s continued exploration program ... We must now keep focused on producing these reserves,” Chairman Peter Levine was quoted by Reuters as saying in a statement on Tuesday.

Earlier The Times reported that the company is sitting on reserves of more than 3 billion barrels in Russia.

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