Volga Gas reports that drilling operations on the Mirnaya#2 exploration well in the Groups' Pre-Caspian licence area are close to completion.

No hydrocarbons were identified in the potential target Jurassic and Triassic layers. On conclusion of the operations the well will be plugged and abandoned.

Mikhail Ivanov, Chief Executive of Volga Gas, commented,"While it is disappointing not to have a success with Mirnaya #2, this was a relatively low cost well on a potentially material prospect."

Tags: Volga Gas Plc