Alliance Group and Alliance Oil Announce the Final Timetable with Respect to the Amalgamation Between Alford and Alliance Oil
The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group (together “Alliance Group”) and of Alliance Oil Company Ltd. (“Alliance Oil”) today announce that they have now received all the necessary antitrust clearances in Russia, Germany and Cyprus to complete the amalgamation between Alford Financial Ltd and Alliance …
Alliance Oil: Refutes Charitable Activities Allegation
Social responsibility is one of the fundamental components of Alliance Oil Company. The Company has established clear and transparent mechanisms for selecting, approving and monitoring its social contributions on an ongoing basis. Alliance Oil and Alliance Group firmly refute any allegation of inappropriate behavior in relation to Alliance Oil’s charitable …
Alliance Oil: Financial Figures – Q3 Profit up 54%, Annual Profits Halfed
In the third quarter of 2013, Alliance Oil Company demonstrated strong financial and operational performance. Crude oil and oil product prices increased and the average exchange rate of the RUB to the USD weakened compared to the previous quarter. Quarter ended 30 September 2013 — Revenue of MUSD 1,013.7, up …
Alliance Oil: Produces 66,278 Barrels of Oil Equivalent in Russia
Alliance Oil Company’s preliminary average daily oil and gas production for October 2013 amounted to 66,278 barrels of oil equivalent. In October 2013 preliminary average refining volumes at the Khabarovsk refinery amounted to 101,051 barrels of oil per day (bpd). October preliminary operating results: Upstream Boepd —————— Oil 51,642 Gas …
Clarification Regarding Alliance Group’s Potential Acquisition of Alliance Oil Company – Amalgamation Not Cash Deal
The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group (together “Alliance Group”) and Alliance Oil Company Ltd. hereby clarifies that the press release announced today, 31 October 2013 at 9.45 am CET regarding Alliance Group’s potential acquisition of AOC (the “Press Release”), is not a cash offer …
Alliance Group launches recommended Cash Offer for Alliance Oil Company
The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group and Alliance Oil Company Ltd. today announce a recommended cash offer, pursuant to which Alliance Group, through its jointly owned subsidiary Alford Financial Ltd, would acquire all of the ordinary shares in AOC, represented by Swedish Depositary Receipts, …
Alliance Oil: 6.1m Barrels Produced in Q3 2013
Alliance Oil Company’s total average daily oil and gas production for September and for the third quarter of 2013 amounted to 65,955 barrels of oil equivalent (boepd)[i] and 66,589 boepd[ii]respectively. In total, 6.1 million barrels of oil equivalent (mboe) were produced in the third quarter of 2013. Preliminary average daily …
Alliance Oil: Figures for August
Alliance Oil Company’s preliminary average daily oil and gas production for August 2013 amounted to 66,624 barrels of oil equivalent (boepd)[1]. In August 2013 preliminary average refining volumes at the Khabarovsk refinery amounted to 96,417 barrels of oil per day (bpd). August preliminary operating results: Upstream Boepd —————— Oil 53,871 …
Alliance Oil: Interim Report for the Quarter and Six Months Ended 30 June 2013
Quarter ended 30 June 2013 Revenue of MUSD 906.6, up 11% from Q2 2012. EBITDA of MUSD 173.1, up 30% from Q2 2012. Profit before tax of MUSD 59.3, up 102% from Q2 2012. Currency exchange loss of MUSD 19.8 negatively affected profit before tax. Profit for the period of …
Alliance Denies in Talks with Rosneft Over Oil Assets
Alliance Group, a shareholder in mid-sized Russian oil and gas company Alliance Oil, denied reports that it was in talks over a sale of assets to state-controlled oil major Rosneft. Russian newspapers Kommersant and Vedomosti said this week that Rosneft or its first vice-president Eduard Khudainatov acting alone were considering …