Zoltav Resources: Project Finance for East Bortovoy Development
Zoltav, the Russia-focused oil and gas exploration and production company, announces an update regarding the Company’s plans to commercialise the eastern fields of the Bortovoy Licence, Saratov. Project Finance Diall Alliance LLC (“Diall Alliance”), the Company’s wholly owned Russian operating subsidiary which holds the Bortovoy Licence, has entered into two non-revolving …
Zoltav: Shareholders Loan $12m to further Develop the Bortovoy Licence
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, provides an update on financing for the ongoing exploration programme to assess the resource potential of the Carbonian and Devonian structures in the Western Fields of the Bortovoy Licence, Saratov. As previously stated, Zoltav believes there is potential to …
Zoltav: Exploration Programme Assess the Carbonian and Devonian Structures
Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to provide an update on the Company’s exploration programme to assess the resource potential of the Carbonian and Devonian structures in the Western Fields of the Bortovoy Licence, Saratov. As previously stated, Zoltav believes there is potential to …
Zoltav Resources: Challenging Geology Affecting Drilling Program
Zoltav, the Russia-focused oil and gas exploration and production company, provides an update on operations on the Bortovoy Licence, Saratov. In Zoltav’s half-year report published on 26 September 2017, the Company stated that it was re-evaluating the forward drilling programme for the Permian Basin in the Western Fields in order …
Zoltav Resources: 2017 1H Results – Production Down 10%, Revenues Up 33%
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2017. The full report is available to download from the Investor Relations section of the Company’s website at www.zoltav.com. Financial Highlights · Zoltav delivered a 33% increase in net …
Zoltav Resources: 2016 Results – Revenues Up 17%, Operating Profit Up 539%
Zoltav, the Russia-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2016 showing a 17% increase in revenues and the Company’s first annual net profit. The Company has adopted RUB as its reporting currency going forward, reflecting its currency of operation. Financial …