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 Resources: Completes Bortovoy License Acquisition
On 16 December 2013 Zoltav, the CIS-focused oil and gas company, announced that it had entered into a conditional agreement with Bandbear Limited (“Bandbear”) to acquire the entire issued share capital of Royal Atlantic Energy (Cyprus) Limited (“Royal Atlantic Energy”) for a total consideration of US$180 million (the “Acquisition”). The …