Update on oil exploration in Armenia

Thursday August 4, 8:13 pm ET
Source: Transeuro Energy Corp.
Press Release

Transeuro Enters into Integrated Project Management Contract with High Arctic Energy Service L.L.C., [...].
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High Arctic will manage operations in all areas of interest worldwide for Transeuro through an Integrated Project Management model.
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Armenia:
An initial study of Block 2 is being completed by High Arctic. The goal is to collect information for a dataroom to prepare for drilling exploration wells on two known plays, the Oktemberian gas and Shorakpour oil. The information package is largely complete and work is commencing on a new website that will host the electronic data. This work will continue over the next two months.
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Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.