Australian IGC acquires 50% share in the project development of oil fields in Alakol basin (eastern Kazakhstan) for 152 Australian dollars

/IRBIS, October 7, 09/ - Australian International Goldfields Limited (IGC) signed an agreement with a private British company Eastern Petroleum Corporation Limited (Eastern), which is estimates 50% shares of participations in the project for the development of oil fields in Alakol basin in eastern Kazakhstan, for 152 Australian dollars, added in a statement of IGC. The report stated that this is potentially large oil field. Block, where will be held development is located near the Chinese border near the oil-producing complex Zhungar-Karamay basin. The above acquisition will take place in the absorption IGC British Eastern. Prices are in British company owns by North Caspian Petroleum Limited, which acquired 50% shares in the project in Alakol basin in Jan 2006. North Caspian Petroleum Limitedya is the operator of the project, as at 30 June 2009 cost the company to develop the deposit of 26 million U.S. dollars. The IGC Border received an independent evaluation report, which is prepared by an independent international oil and gas consulting firm Miller and Lents, who rate the 50% participation in Alakol Eastern Bloc in the amount of 559 million Australian dollars, - stated in the announcement of the company. Under the deal, the IGC will issue 675,965,359 shares and 135,193,072 stock options to shareholders Eastern [2009-10-07]