Eurasia Journal News

PetroNeft: Finance Update

PetroNeft an oil and gas exploration and production company, operating in the Tomsk Oblast, Russian Federation and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, provides the following finance update.  Petrogrand Loan facility On 15th December 2021 that PetroNeft had met all contractual …

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Eurasia Journal News

PetroNeft Resources: Petrogrand Financing Update

PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61 provides the following financing update. Highlights Reduction in Petrogrand loan to $2.3 million and all conditions now satisfied …

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Eurasia Journal News

PetroNeft: Agrees US$2m Loan with Petrogrand, Winter Operations Commence

PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to provide a financing update.   Highlights US$2 million loan agreed with Petrogrand AB Operations – Winter production from Sibkrayevskoye is getting …

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Eurasia Journal News

Petrogrand: Appoint Pavel Tetyakov as the new Managing Director

On 26 February 2016 the Board of Directors in Petrogrand AB appointed Mr. Pavel Tetyakov as the new managing director of Petrogrand AB (publ). Pavel Tetyakov has been the managing director of all Petrogrand’s Russian subsidiaries since April 2015 and was involved in the management of the Komi oil fields …

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Eurasia Journal News

Petrosibir AB: New CEO in Petrosibir

As one of the final steps in the agreement between Petrosibir and Petrogrand the Board has appointed Dmitry Zubatyuk CEO of Petrosibir. The Board has also appointed the company’s current CFO Gunnar Danielsson deputy CEO. On 9 November 2015 extraordinary general meetings in Petrosibir AB (Petrosibir) and Petrogrand AB (Petrogrand) …

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Eurasia Journal News

Petrogrand and Shelton Petroleum: AGM – Confirms Merger, Delisting and Dividend Plocies

Following the Extraordinary Shareholders’ Meetings in Petrogrand AB and Shelton Petroleum AB (currently Petrosibir AB) on 9 November 2015, the business combination of the two entities was completed in late December 2015. Shortly after the EGM, the Disciplinary Committee of Nasdaq Stockholm decided to delist both companies’ shares as of …

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Eurasia Journal News

Petrogrand and Shelton Petroleum: Complete Share Swap and Name Change to Petrosibir AB

The transaction with Shelton Petroleum AB (publ) is proceeding according to the previously published plan and renaming to Petrosibir AB. Petrogrand has subsrcibed for 17,500,000 newly issued B-Shares in Shelton Petroleum AB (publ). Petrogrand owns now about 61 percent of shares and approximately 52 percent of the votes in Shelton …

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Eurasia Journal News

Petrogrand: Sees Small 3% Production Uplift in November

The total production from the Komi oil fields Dinyu-Savinoborskoye, Sosnovskoye and Yuzhno-Tebukskoye in November 2015 amounted to 57,435 barrels of oil, corresponding to an average of 1,915 barrels of oil per day (a slight increase of 3 per cent compared to 1,852 barrels of oil per day in October 2015). …

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Eurasia Journal News

Shelton Petroleum: Distributes Ukrainian Operations Through Zhoda Petroleum Ukraine AB

As part of the transaction between Shelton Petroleum and Petrogrand, Shelton Petroleum today distributes its Ukrainian operations to its shareholders in the form of a dividend. Zhoda Petroleum Ukraine AB (“Zhoda”) is the Swedish parent company in the group that has been distributed. Pareto Securities has set up an OTC …

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Eurasia Journal News

Petrogrand and Shelton Petroleum: Transaction Time Plan Announced

Further to the shareholder approval of the agreement between Petrogrand and Shelton Petroleum, Petrogrand announces an indicative time plan for the completion of the transaction. As previously announced, extraordinary shareholders’ meetings in both Petrogrand and Shelton Petroleum on 9 November 2015 approved an agreement between the two companies. As part …

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