International Petroleum: Seeks Russian Asset Sale
International Petroleum Limited announces that it is in discussions with a third party concerning a potential sale of its Russian assets for cash consideration to accelerate the resolution of its indebtedness position and finance its exploration for oil and gas and working capital . On 24 April 2013 , Range …
International Petroleum Fails to Receive Range Resource Loan Finance
International Petroleum Limited, advises its shareholders that , since its announcement on 17 June 2013 , it has not received any additional funds from Range Resources Limited pursuant to the loan facility ( Loan ) provided by Range Resources to the Company. To date, the Company has received US$ 8million …
International Petroleum: Extends Alakol Project by 2 Years
International Petroleum Limited, advises its shareholders that , along with its 50% partner, it has signed a contract to extend its rights to explore for hydrocarbons in an area covering 24,649 km² in eastern Kazakhstan ( Alakol Project ) by two years from 28 May 2013 to 28 May 2015 …
International Petroleum and Range Resources Merger Update
Further to its announcement of 24 April 2013, Range Resources Limited is pleased to provide the following update with respect to its proposed strategic merger with International Petroleum Limited. Since announcing the intended merger transaction, key legal , technical, corporate and financial advisors have been appointed and the parties have …
International Petroleum: Range Resources Loan Cash Due Shortly
Further to the announcements made on 5 April 2013, 19 April 2013 and 26 April 2013, International Petroleum Limited, advises its shareholders that it has, so far, received US$5million of the total US$15million loan funds from Range Resources Limited pursuant to the loan facility. Range Resources Limited has indicated that …
International Petroleum: Strategic Merger Offer By Range Resources
International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, advises its shareholders that Range Resources Limited announced on 24 April 2013 its intention to undertake a strategic merger to acquire all of the issued shares in International Petroleum either by making an …
Range Resources Proposes to Undertake Merger with International Petroleum
Range proposes to merge with International Petroleum on a ratio of three Range ordinary shares for every two International Petroleum ordinary shares (3:2 basis) subject to various conditions, including final due diligence and regulatory approvals; – Based on Range’s current share price (on the AIM market), this values International Petroleum …
International Petroleum: Acquisition of New Exploration Licence, The Yanchinsky Project
International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that its wholly-owned subsidiary company, Yuzhno-Sardakovskoye LLC, has acquired a 100% ownership interest in an exploration licence over the Yanchinsky block for the geological study of subsoil and prospecting …
International Petroleum: Requests and is Granted Share Trading Suspension
International Petroleum Limited requests that a trading halt be granted by the National Stock Exchange of Australia with respect to its ordinary shares effective from pre-open 22 March 2013 and provides the following information in relation to that request: International Petroleum seeks a trading halt pending an assessment by the …
International Petroleum Limited: Signed Production Sharing Contracts over Four Licence Blocks in Niger
International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”), an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that four production sharing contracts (the “PSCs”) between the Republic of Niger and International Petroleum Limited, which is incorporated in the Cayman Islands (the “Contractor”) and is …