Rosneft: 9M Results – 16% Increase in Revenue with Improved Credit Profile
Commenting the results for 9M 2015, I.I. Sechin, Chairman of Rosneft Management Board, said: “Despite of challenging economic environment, the Company keeps improving its efficiency. This is demonstrated by keeping operating costs in rouble terms at sustainable level in conditions of 12.0% increase in industry prices. Preserving the cost base …
Tethys Petroleum: AGR Energy Calls in $7.5m Debenture
Tethys Petroleum Limited announces that it has received an Accelerated Repayment Notice from AGR Energy Limited No 1 (“AGR Energy”) in relation to the unsecured convertible debenture issued by Tethys to AGR Energy on 15 May 2015 (“Convertible Debenture”) notifying the Company of events of default and demanding repayment of …
Yamal LNG: Issues $1.16bn from the National Welfare Fund of Russia
OAO Yamal LNG (“Yamal LNG”) announced the issuance of 15-year bonds for the total amount of RR 75 billion (USD 1.16 billion). The bonds are nominated in US dollars with the interest rate linked to LIBOR. The bonds were issued as part of withdrawal of the second tranche of the …
Tethys Petroleum: Extends Olisol Exclusivity Period
Tethys Petroleum Limited announces that is has agreed to extend the previously agreed exclusivity period with Olisol Investments Limited (“Olisol”) by 14 days to 11:59 p.m. Calgary time on December 7, 2015 (as extended, the “Exclusivity Period”). On November 9, 2015 Tethys and Olisol signed a Letter of Intent (“LOI”) …
Gazprom Neft: 9M Results – Production Up 22%, EBITDA Up 9.3%
Gazprom Neft has published its consolidated financial results for 9M 2015, prepared in accordance with International Financial Reporting Standards (IFRS). Rising hydrocarbon production, retail sales and efficient management drove a Y-o-Y increase in adjusted EBITDA* of 9.3% (RUB 312 bln) for 9M 2015. A 0.6% Y-o-Y decline in sales was …
Urals Energy: Buys RK-Oil and BNV Oil
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce the acquisition of the entire issued share capital of two private Russian companies, RK-Oil Limited (“RK”) and BVN Oil Limited (“BVN”), from Mr Ilya Glebov. These companies were formed in 2014 in order …
Shelton Petroleum: 9M Results – Petrogrand Merger Plus Margins Running at 22%
January – September 2015 Continuing Operations* – Total revenue: SEK 23 (36) million – Operating result: SEK 1 (2) million – Operating margin: 2% (6%) – Basic and diluted earnings per share: SEK -2.58 (0.11) January – September 2015 Russian and Ukrainian Operations** – Revenue: SEK 62 (93) million – …
Tethys Petroleum: $15m from Olisol to Repay AGR Energy and Nostrum, Without Funding Company May Not Continue as a Going Concern
Tethys Petroleum Limited announces that, further to the letter of intent announced on November 9th, 2015, the Company has entered into an interim convertible financing facility of up to US$15 million with Olisol Petroleum Limited (“OPL”), a wholly owned subsidiary of Olisol Investments Limited (“Olisol”). The Interim Financing Facility is …
Aral Petroleum Capital LLP: Has Positive Test Results and Starts Limited Production To Generate Positive Operational Cash Flows
Caspian Energy Inc. announces today that its wholly-owned subsidiary, Aral Petroleum Capital LLP (“Aral”), has produced positive results after completing a period of test production on two existing wells at its East Zhagabulak field in Aktobe Oblast, Kazakhstan. After approximately 10 months of inactivity, Aral operating staff performed basic geological …
Exillon Energy: Produces 15,437 Unaudited bbl/day in October
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of October 2015 (“the Period”). · Our average daily production[1] was 15,437 bbl/day during the period. · Average daily …