Special General Meeting of Alliance Oil
The Board of Directors of Alliance Oil Company Ltd has decided to convene a Special General Meeting of shareholders. The meeting will be held on December 14, 2012 at 13.00 (CET) at the head office of Carnegie Investment Bank, Regeringsgatan 56, Stockholm, Sweden. The premises will open at 12.00 (CET). …
Alliance Oil: Nomination Committee for the Annual General Meeting 2013
In accordance with a resolution at the Annual General Meeting in 2012, Alliance Oil Company Ltd’s nomination committee shall be appointed by the four largest shareholders in the company. The four largest shareholders in Alliance Oil Company Ltd are Betino Investments Limited, Alliance Group OJSC, CJSC Alliance Capital and Repsol …
Alliance Oil Interim Report for the Quarter and Nine Months Ended 30 September 2012
Quarter ended 30 September 2012 — Revenue of MUSD 904.3, up 14% from Q3 2011. — EBITDA of MUSD 214.0, up 23% from Q3 2011. — Profit before tax of MUSD 169.9, up 102% from Q3 2011. — Profit for the period of MUSD 132.0, up 109% from Q3 2011. …
Alliance Oil Wins Tender for 5 Exploration Licences in the Timano-Pechora Region
Alliance Oil has been awarded 5 exploration licenses in Timano-Pechora: Fakelniy, Beluginskiy, Nireiskiy, Nadezdenskiy and North-Tabrovoyahinskiy, by Federal Agency Rosnedra. All 5 license blocks are located in the Timano-Pechora region in Northern Russia close to the Company’s existing operations and covers an area of 2,740 square kilometers The license blocks’ …
Alliance Oil Schedules Conference Call to Review 3Q 12 Results
Alliance Oil Company Ltd will publish the interim report for the third quarter and nine months of 2012 on Wednesday November 21, 2012 at approximately 7:30 CET. The Company has scheduled a conference call at 10.00 CET on Wednesday November 21. The conference call will be hosted by Arsen Idrisov, …
Alliance Oil Acquires LLC “SN-Gazdobycha” and Expands Operations in Tomsk Region
Alliance Oil Company has signed an agreement to acquire 100% of the shares in LLC “SN-Gazdobycha” for 128 MUSD, which primarily will be funded from existing cash and from debt facilities. SNGD holds two gas licenses covering an area of about 1,323 square kilometers located approximately 55 kilometers west of …
Alliance Oil: Interim report for the quarter and six months ended 30 June 2012
Quarter ended 30 June 2012 Revenue of MUSD 817.1, up 4% from Q2 2011. EBITDA of MUSD 133.1, up 7% from Q2 2011. Profit before tax of MUSD 29.3, down 62% from Q2 2011. Foreign currency swap revaluation loss of MUSD 10.8 and currency exchange loss of MUSD 25.9 negatively …
Repsol and Alliance Oil complete the first phase of their exploration and production joint venture in Russia
Alliance Oil Company has transferred its upstream company Saneco to the joint venture with Repsol. Repsol contributed $37 million in cash to the joint venture and paid $36 million in cash to Alliance Oil. Alliance Oil holds a 51% stake and Repsol has a 49% stake in the joint venture. …
Alliance Oil Company: Operational update for July 2012
Alliance Oil Company’s average daily oil production for July 2012 amounted to 53,732 bopd. In the first seven months of 2012, oil production totalled 11.7 mbbl compared to 9.2 mbbl in the same period in 2011. Preliminary average daily refining volumes at the Khabarovsk refinery amounted to 83,643 bopd in July 2012. In the first seven months …
Alliance Oil Purchases GeoInvestService for 30m USD
Alliance Oil Company has signed an agreement to acquire LLC “GeoInvestService” for 30 million US dollars. LLC “GeoInvestService” holds an exploration license for the West-Osoveiskoye block in the Timano-Pechora region in Northern Russia. The license will be integrated into the Company’s Kolvinskoye oil field operations and development plans. The acquisition is pending Federal Antimonopoly Service …