Gazprom Neft: 2014 Results – 6.7% Increase in Production, Exchange Rates Hit Bottom Line
Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2014. Overall sales (revenues before deducting export duties and similar payments) grew 12.4% (1,690.56 RUB bIn) as a result of increased hydrocarbon production and a significant increase in sales via premium channels …
Petroneft Resources: Tungolskoye Horizontal A Success
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations at Licence 61. Highlights Tungolskoye · Tungolskoye No. 5 well tested at over 600 bopd and is now in production · Development of Tungolskoye to proceed …
Max Petroleum: Suspends Stock Listing Pending Debt Restructuring
Max Petroleum announces that, following its announcements of 9 February 2015 and 19 February 2015, it has requested that trading in its ordinary shares on the AIM market of London Stock Exchange plc be suspended pending the outcome of final negotiations with Sberbank regarding an appropriate debt restructuring and with …
Tethys Petroleum: Proven Reserves Up 18%
Tethys, the exploration and production Company focussed on Central Asia, is delighted to announce the result of an updated Independent Reserves Report, which has been prepared by Gustavson Associates with an effective date of December 31, 2014. The report meets the expectations of the Canadian Oil and Gas Evaluation Handbook …
Tethys Petroleum: Signs MOU with PetroChina for Gas Sales Into China
Tethys Petroleum Limited is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with PetroChina International Kazakhstan Ltd (“PetroChina”) and also provide a corporate update to our shareholders. Highlights: — Updated vision and strategy announced focussed on capital discipline, the generation of cash flow from existing reserves …
NOVATEK Announces Consolidated IFRS Results for the Year Ended 31 December 2014
Total revenues grew by 20.0% year-on-year to RR 357.6 billion for the twelve months ended 31 December 2014 from RR 298.2 billion in 2013, largely due to an increase in natural gas and liquids sales volumes and prices. The start of higher value added products sales from the Ust-Luga Gas …
Gazprom Neft: Completes Testing of Priobskoye Directional Wells
Gazprom Neft has completed testing of four directional wells (drilled to investigate reserves within the Bazhenov formation) at its concession within the southern area of the Priobskoye field (Khanty Mansiysk Autonomous Region). The results obtained have allowed the resolution of the key issue underpinning the first stage of this project: confirming the existence of live oil within …
C.A.T. oil AG: Selects New Board Maurice Dijols Appointed Chairman
The Extraordinary General Meeting of C.A.T. oil AG on 25 February 2015 has elected a new Supervisory Board. The shareholders appointed the French major shareholder Maurice Dijols (63), the German counsellor Dr. Ralf Wojtek (69) and the French manager Remi Paul (48) to the Supervisory Board. The new members elected Maurice Dijols as Chairman of …
Exillon Energy: Produces 16,945 bbl/day in January
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of January 2015 (“the Period”). · Our average daily production[1] was 16,945 bbl/day during the …
Gazprom and Ukraine in Dispute Over Gas Supplies and Payment
Kiev (AFP) – Russia’s state-owned gas giant Gazprom warned Tuesday it could cut off gas deliveries to Ukraine within two days, upping the stakes in the crisis there — and threatening supplies to the rest of Europe, The Gazprom announcement came hours ahead of a Paris meeting of the foreign …