Ruspetro says that the license for its Palyanovsky block has been extended by the Ministry of Natural Resources and Ecology of the Russian Federation (the "Ministry").

Ruspetro has completed the minimum work requirements for the Palyanovsky license block for 2012 and expects to continue to do so in future years whilst remaining in compliance with the obligations and conditions of the license. The Ministry has confirmed that, as of the date of the extension, the company was in compliance with its prior license obligations.

Tags: RusPetro plc