Volga Resources to Acquire a Stake in one of the World's Largest Onshore Seismic Service Providers

LUXEMBOURG, March 3, 2010 - Volga Resources SICAV-SIF S.A. ("Volga"), the Luxembourg-based investment
fund, announces that it has agreed to acquire, for an undisclosed sum, a
stake of 25% in the share capital of Geotech Oil Services Holding Limited
("Geotech" or "the Company"), the leading onshore seismic provider in Russia
and the CIS. The stake is being bought directly from Black River Asset
Management, Farallon Capital Management, Geotech's senior management and also
through the subscription to a new share issue.

Completion is expected within the first half of this year. Thereafter
Geotech will have a strong shareholder base consisting of Farallon Capital
Management, Pinebridge Russia Century Partners, L.P. (formerly AIG Russia
Century Fund) and Volga Resources and management, who are committed to
support the development of the Company as a market leader in Russia and the
CIS.

Geotech is one of the largest onshore seismic service providers in the
world, with its activities covering all types of complex seismic data
acquisition. Geotech employs over 12,000 people, including highly qualified
specialists in their various fields of expertise. The Company develops
certain proprietary processes and technologies and manufactures globally
recognised specialised equipment. Geotech is also active in exploration and
development drilling and intends to expand this service offering further in
the future.

Commenting on the acquisition, Chlodwig Reuter, Chairman of Volga
Resources said: "This acquisition builds on our existing presence within the
oil and gas sector and on our longstanding experience of the industry and its
supply chain. Geotech has a long history in Russia and the CIS of being a
well managed participant in the field of seismic data. We are excited about
its growth and expansion potential."

Volga Resources' financial adviser for the transaction was Credit Suisse
and legal adviser was Latham & Watkins.

Note:

Volga Resources SICAV-SIF S.A. is a private investment fund
registered in Luxembourg in 2007. The Fund invests in projects in the oil &
gas sector, infrastructure, development, financial services in Central and
Eastern Europe, CIS, Russia and Turkey. More information is available at
www.volga.lu

    For further information contact:
    Stuart Leasor
    M: Communications Tel: +44-20-7920-2317
    Anton Kurevin
    Mikhailov & Partners Tel: +7-495-956-3972

For further information contact: Stuart Leasor, M: Communications Tel: +44-20-7920-2317, Anton Kurevin; Mikhailov & Partners: Tel: +7-495-956-3972