Bashneft: To Pay RUB 20.07 billion in Dividends
Today, the Annual General Meeting of PJSOC Bashneft approved the corporate annual report and annual financial statements, including the corporate profit and loss statement for 2014. The meeting of shareholders resolved to allocate RUB 20.07 billion out of net profits generated by PJSOC Bashneft in 2014 to pay dividends for …
Tethys Petroleum: AGR Energy Takes US$47.7m Private Placement Plus Offers US$5m Loan
Tethys Petroleum Limited is pleased to announce that it has signed an agreement for a US$47.7 million(1) private placement of 318,003,951 new ordinary shares at a price of C$0.19(2) per ordinary share (the “Placing”) with AGR Energy Holdings Limited (“AGR Energy Holdings”). In connection with the Placing, the Company has …
Slavneft: AGM Results
The Annual General Meeting of Open Joint-Stock Oil and Gas Company Slavneft’s (OAO NGK Slavneft’s) Shareholders was held in Moscow on June 30, 2015. The Company’s 2014 Annual Report and Financial Statements, including the Profit and Loss Statement, were approved at the Meeting. The shareholders resolved not to distribute the …
Slavneft: Appoint Mikhail Osipov as President
At the meeting on June 29, 2015, the Slavneft Board of Directors passed the resolution to terminate the powers of Yuri Sukhanov, the Company’s President. Mikhail Osipov, who had held the position of the Company’s Vice President for Upstream before, was appointed to be the new President of Slavneft for …
Urals Energy: Petrosakh Takes 300m Rb Credit Facility
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that its subsidiary undertaking, JSC Petrosakh (“Petrosakh”), has entered into an 18 month revolving credit facility (the “Loan”) with the Sakhalin branch of OJSC Sberbank of Russia (“Sberbank”) under which …
Roxi Petroleum: Deep Well A5 on 30 Day Well Test
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset. Deep Wells Deep Well A5 The well was spudded in July 2013 and drilled to a total depth of 4,442 meters …
Surgutneftegas: AGM Results
In line with the agenda, the shareholders approved the annual report and annual accounting statements of OJSC “Surgutneftegas”, including the income statement for 2014. The meeting resolved to declare payment of dividends for 2014 as follows: RUB 8.21 per preference share and RUB 0.65 per ordinary share. The meeting elected …
Tethys Petroleum: Extends Current Exclusivity Period with AGR Energy Limited
Tethys Petroleum Limited is pleased to announce that it has agreed to extend the current exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”) until midnight Tuesday June 30th, 2015. Previously Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate a …
ENI: Completes Kazakhstan’s Isatay Block Deal
The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial terms of the transfer to Eni of 50% …
ENI: Completes Kazakhstan's Isatay Block Deal
The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial terms of the transfer to Eni of 50% …