2013

Shelton Petroleum has been informed that Petrogrand has requested conversion of Convertible 2. The parties are in disagreement regarding the right to convert. The board of directors of Shelton Petroleum and Petrogrand are now holding constructive talks and believe that a new solution that potentially could create significant value for …

Integra Group (LSE: INTE) released today its Interim Management Statement and unaudited financial highlights for the nine months period ended September 30, 2013. The financial data are based on management assessment only and have not been reviewed by external auditors. 9M 2013 Financial Highlights ·         Sales decreased by 9.3% to US$ 418.2 …

Bashneft purchased three-year series BO-01 exchange-traded bonds under the offer. Series BO-01 certificated non-convertible interest-bearing exchange-traded bonds (identification number of the issue 4В02-01-00013-А as of August 29, 2011) with a par value of 1,000 roubles each (the total par value of 10 billion roubles) and obligatory centralized custody were placed …

Arctech launched the icebreaking multipurpose emergency and rescue vessel for the Russian Federal Agency of Sea and River Transport and to be opareted by the FGI Gosmorspassluzhba (Russian Marine Emergency Rescue Service) on 12 December 2013 at Helsinki Shipyard. Baltika will be used in icebreaking, rescue and oil combatting operations …

Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that it will pay a dividend on January 17, 2014 of USD 0.92 per share (FY2012: USD 0.70) to shareholders of record as of December 31, 2013. The dividend was declared by the …

Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce that the Company has settled its remaining indebtedness to Petraco Oil Company (“Petraco”) totalling US$8.6 million. This settlement consists of US$3.0 million of the remaining interest payment outstanding in accordance with the restructuring agreement …

President Vladimir Putin has submitted a draft bill to the State Duma that would grant amnesty to about 25,000 people in honor of the 20th anniversary of the Constitution, reported the Moscow Times. Although the amnesty bill doesn’t specifically name those who could be pardoned, it does outline the categories of criminal affected. Only first-time offenders who haven’t committed …

Canada intends to lay claim to the North Pole as part of a bid to assert control over a large part of the resource-rich Arctic, Foreign Minister John Baird said on Monday, reported Reuters. Baird said Canada had filed a preliminary submission to a special United Nations commission collecting competing …

Petrogrand AB has requested the conversion of Convertible Debenture 2 of 185,249,280 SEK to 9,262,464 new B-shares in Shelton Petroleum. Since the conditions agreed by the parties in July 2013 have not been fulfilled, Petrogrand’s request for conversion is a breach of contract. As both Shelton Petroleum and Petrogrand have …

Urals Energy, the independent exploration and production company with operations in Russia, announces that Torbjorn Ranta has resigned as a director of the Company with immediate effect. Alexei Maximov, Chief Executive Officer of Urals Energy commented: “Following the exit of Alpcot Capital Management (as one of the requisitioners of the …