PetroKamchatka Plc (TSXV: PKP) announces the relinquishment of three non-core
exploration licences in Kamchatka

ST. HELIER, Jersey, Aug. 11 /CNW/ - PetroKamchatka Plc ("PetroKamchatka" or the "Company") announces that it has relinquished the exploration licences for the Urginskaya, Pustaretskaya, and Palanskaya exploration blocks in Kamchatka, Russia. These non-core exploration blocks are located adjacent and to the north of the Tigil exploration block where the Company recently drilled two unsuccessful exploration wells. PetroKamchatka, through various operating subsidiaries, held 90% to 100% interests in the three blocks and have incurred minimal capital expenditures to date.

About PetroKamchatka

PetroKamchatka is an international junior oil exploration company incorporated in the Bailiwick of Jersey with core properties located in the Kamchatka Peninsula of the Russian Federation. For further information, please visit the PetroKamchatka Plc website at

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE PetroKamchatka Plc

For further information: For further information: PetroKamchatka Plc: Graeme Phipps, President and Chief Executive Officer, 9 Esplanade, St. Helier, Jersey, Tel: +44 7733 363 016 or +1 403 630 2367, Email:; PetroKamchatka Services Inc.: Calvin Brackman, Vice President, Corporate Planning, 1000, 505 - 3rd Street S.W., Calgary, Alberta, Canada, T2P 3E6, Tel: +1 403 984 5132, Cell: +1 403 690 6230, Email:

Organization Profile

PetroKamchatka Plc

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890