Alliance Oil Company: USD 500 million 7% Guaranteed Notes due 2020
On 17 December 2013, the amalgamation under Bermuda law of the original issuer of the Notes, Alliance Oil Company Ltd. (the Issuer”) and Alford Financial Ltd (Alford) took effect, pursuant to which the Issuer and Alford were amalgamated into a new company also named Alliance Oil Company Ltd. (the New Issuer). By operation of …
Alliance Oil Company: USD 350 million 9.875% Guaranteed Notes due 2015
On 17 December 2013, the amalgamation under Bermuda law of the original issuer of the Notes, Alliance Oil Company Ltd. (the Issuer”) and Alford Financial Ltd (Alford) took effect, pursuant to which the Issuer and Alford were amalgamated into a new company also named Alliance Oil Company Ltd. (the New Issuer). By operation of …
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 Company: Operational update for July 2013
Alliance Oil Company’s preliminary average daily oil and gas production for July 2013 amounted to 67,405 barrels of oil equivalent (boepd)[i]. In July 2013 preliminary average refining volumes at the Khabarovsk refinery amounted to 95,408 barrels of oil per day (bpd). July preliminary operating results: Upstream Boepd —————— Oil 54,657 Gas 12,748 Production 67,405 Sales 64,410 …
Alliance Oil Company issues 7-year Eurobond
Alliance Oil Company Ltd. has agreed to issue a USD 500 million seven-year senior unsecured Eurobond. The bond will mature on May 4th, 2020 and will pay fixed coupon of 7% per annum. The offering was placed in the international debt capital markets and met strong demand from US, European and Asian …
Annual General Meeting of Alliance Oil Company
Alliance Oil Company Ltd has published the notice of the Annual General Meeting (AGM). The AGM will be held on May 22, 2013 at 3 pm at Nalen, in Stockholm, Sweden. The complete notice, which includes proposals to the AGM, is attached to this release and posted on Alliance Oil Company’s website, www.allianceoilco.com.
Alliance Oil Company: CAPEX plans for 2013
For 2013, Alliance Oil Company plans to further reduce upstream capital expenditures to 250-290 MUSD[1] and focus on organic development of production assets in all regions, launching gas production in the Tomsk region and evaluating exploration potential in the Timano-Pechora region. Downstream capital expenditures are budgeted at 430-490 MUSD[2], essentially in line with 2012 …