Volga Gas says increased production is 'imminent'

Shares Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, rose on the promise of significantly higher production when it puts the Vostochny Makarovskoye (VM) field into full-time production.

Shares Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, rose on the promise of significantly higher production when it puts the Vostochny Makarovskoye (VM) field into full-time production.

Three of the wells on the field are ready to begin full time production imminently, which is expected to build up production to over 3,000 barrels of oil equivalent per day. This is expected to increase towards 6,000 boepd in 2013.

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