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Siberian Energy Group, Inc. (Nasdaq Bulletin Board: SIBN) is a New York, USA based oil and gas exploration company. Siberian Energy is one of the few U.S.-based public oil and gas exploration companies with 100% of its assets in West Siberia, Russia.
The Company evaluates investment and acquisition opportunities in Russia and Eastern Europe with the goal of bringing a portfolio of natural resource licenses and operating companies to Western investors. Siberian Energy strives to provide an attractive ROI to shareholders by pursuing high-yield investment projects, reducing costs, and adhering to strict principles of transparency, disclosure and environmental consciousness.
Our current public portfolio includes a 50% ownership stake in a Russian oil and gas exploration company, Zauralneftegaz (ZNG). In March 2003, ZNG obtained four licenses for oil exploration in the Kurgan region of West Siberia. Since June 2006, the Company has 5 exploration licenses in easter Kurgan region. The licenses were obtained through a federal government tender. West Siberia currently accounts for 70% of Russia's oil production, 90% of natural gas production, and 7% of world output. The licenses are located along the pipeline infrastructure and are within close proximity of production fields currently owned by many of the world's major oil companies. Our primary focus today is on our operations and ongoing projects in this region.
Siberian Energy is a fully listed company since February, 2005 and on May 2, 2005, the Company was approved for trading at NASDAQ Bulletin Board under the symbol SIBN.
© Siberian Energy Group, Inc.
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