Volga Gas plc (Volga) is an independent oil and gas exploration and production company. The Company is engaged in the acquisition, exploration and development of hydrocarbon assets and production of hydrocarbons in the Volga Region of the Russian Federation. The Company operates primarily through subsidiary companies. It owns 100% of five license areas in the Saratov and Volgograd regions: Karpenskiy, Vostochny-Makarovskoye, Dobrinskoye, Pre-Caspian and Urozhainoye-2. The Company also owns 100% interest in Gasnefteservice (GNS). On April 1, 2011, the Company acquired 100% interest Trans Nafta and obtained control of OOO Gazneftedobycha (GND), which includes the Dobrinskoye gas/condensate producing field and the gas processing facility.