Technology Roundtable: Extended Reach Drilling and Sidetracking
1. With sanctions impacting on the region´s horizontal drilling in unconventional field, what is the current level of demand for horizontal and ERD wells? What projects are you currently working on? Halliburton: Currently, the demand for horizontal directional drilling has not reduced; instead, it has increased significantly. Horizontal drilling, overall, …
C.A.T. oil AG: Selects New Board Maurice Dijols Appointed Chairman
The Extraordinary General Meeting of C.A.T. oil AG on 25 February 2015 has elected a new Supervisory Board. The shareholders appointed the French major shareholder Maurice Dijols (63), the German counsellor Dr. Ralf Wojtek (69) and the French manager Remi Paul (48) to the Supervisory Board. The new members elected Maurice Dijols as Chairman of …
C.A.T. oil AG Confirms the Resignation of the Supervisory Board
Management and the Supervisory Board of Vienna based C.A.T. oil AG confirm the resignation of the chairman of the Supervisory Board, Mr Gerhard Strate, and the remaining members of the Supervisory Board with immediate effect. Mr Manfred Kastner, CEO, expressed on behalf of the Company gratitude and recognition for the …
C.A.T. oil AG: 2015 Order Book Takes Massive Ruble Rate Hit
C.A.T. oil AG, the provider of oil and gas field services in Russia and Kazakhstan, informs about the 2015 tendering campaign: despite the difficult macroeconomic environment in its core markets and the weak oil price the Company has successfully placed more than 90% of its fracking capacities, around 75% of …
C.A.T oil AG: Management Board Steps Down
Anna Brinkmann, member of the management board and Chief Operating Officer of C.A.T. oil AG, has, in agreement with the supervisory board, resigned from the Company’s management board with immediate effect. She has decided to take this step in order to be able to exercise her rights as significant shareholder …
C.A.T oil AG: Board Accepts Joma Industrial Bid but is Still Wary of Their Intentions
The Management Board and Supervisory Board of C.A.T. oil AG today published their Joint Reasoned Statement pursuant to Article 27 WpÜG on the takeover offer made by Joma Industrial Source Corp. (“Joma”) on December 11, 2014. In this statement, Management Board and Supervisory Board indicate that the offer price of …
C.A.T. oil AG: Points to Errors in Joma Industrial Source Corp Bid
The management board of C.A.T. oil AG (Company) (ISIN: AT0000A00Y78; WKN: A0JKWU) was informed by AB PCO Investment Limited (Cyprus) (AB PCO), an investment vehicle of the member of the management board Anna Brinkmann, on 12 December 2014 that the offer document which was published by Joma Industrial Source Corp. …
Joma Industrial Source Corp: Makes Mandatory Offer for C.A.T. oil AG at 15.2 Eur a Share
Today, JOMA INDUSTRIAL SOURCE CORP., which is a company indirectly owned by the French veteran oil manager Maurice Dijols, has published – after acquiring a controlling interest – its mandatory offer to the shareholders of C.A.T. oil AG headquartered in Vienna. The offer document was approved by by the German Federal Financial Supervisory Authority …
C.A.T. oil AG: To Carefully Consider Joma Industrial Offer
Management Board and Supervisory Board will publish their reasoned opinion on the offer in due course C.A.T. oil AG one of the leading providers of oil and gas field services in Russia and Kazakhstan, notes today’s publication of the offer document for the mandatory public takeover offer announced by Joma Industrial Source Corp. (“Joma Industrial”) …
C.A.T oil AG:Income Up 12.5%. Revenues Up 1% Despite Rouble Devaluation
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, significantly boosted its earnings and profitability in the second quarter of the year. Despite the increased political uncertainties, C.A.T. oil experienced a very strong upturn in customers’ demand for its services and …