PetroNeft: Financing Update
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide the following financing update: Petrogrand Loan facility In January 2018 PetroNeft agreed a loan facility for up to US$2 million …
Petrogrand: Frac Service Terminated
Today Petrogrand announces that further to its announcement dated 25 September 2014 to undertake fracing activities on its wells in the Tomsk region, the contractor has been unable to provide the service required in the time specified.
Petrogrand: To Frac Zapadno-Ambarskaya to See if Commercial Flows are Possible
Following the results of the Petrogrand‘s well Zapadno-Ambarskaya N 6, drilled in 2012, the Board of Directors has decided to undertake hydro-fracking on the Well No. 6, on the Nizhnepaninsky license area. After an extensive review of the drilling results, the seismic data and with the application of modern modelling …
Petrogrand: Shelton Petroleum Rebuffs Share Swap Offer
The Board of Petrogrand believes that the ongoing dispute between Petrogrand and Shelton Petroleum is negatively affecting both companies and their shareholders and the Board of Petrogrand is continues to work hard to find a settlement between the companies. In an attempt towards resolving the dispute, Petrogrand sent on May …
Petrogrand AB Interim Report Q1 2014
First quarter of 2014 During the 1st quarter, Petrogrand AB had no operating income (-). The operating result for the 1st quarter amounted to TSEK -9 578 (-7 901), which includes about TSEK -4 000 of extraordinary costs. Net financial items in the 1st quarter amounted to TSEK 627 (3 …
Petrogrand Extends the Acceptance Period in Cash Offer to Shelton’s Shareholders
Petrogrand AB announced on 21 March 2014 at 16:05 CET a public cash offer to the owners of shares, convertible bonds and warrants in Shelton Petroleum AB. In the press release issued on 4 April 2014, it was announced that the acceptance period for the Offer would be moved from …
Petrogrand: Continues to Rebuff Shelton Offer as Under Valued
The acceptance period of Shelton Petroleum’s AB offer to Petrogrand AB’s shareholders expired on 28 March 2014. Only 3.4 percent of the shareholders in Petrogrand chose to accept the Offer after the acceptance period was extended and the Offer was raised from 0.34 to 0.44 Shelton Petroleum B-shares for each …
Shelton Petroleum: Gets Swedish Securities Council To Rap Petrogrand’s Knuckles Over Offer
As previously announced, the Board of Directors of Shelton Petroleum will conduct a thorough analysis of Petrogrand’s public offer. In relation to this, the Board has requested that the Swedish Securities Council (Aktiemarknadsnämnden) reviews and comments on several aspects of the public offer. The Securities Council has in a statement …
Petrogrand: Withdraws Shelton Board Member Request and Waits for Annual Report
Petrogrand AB announced on 21 March 2014 at 16:05 CET a public cash offer to the owners of shares, convertible bonds and warrants in Shelton Petroleum AB. In the light of the recommendation by the Securities Council, as well as new information regarding the number of shares in Shelton Petroleum, …
Shelton Petroleum: Rejects Petrogrand EGM Call and Requests Petrogrand EGM by April the 2nd
Shelton Petroleum provides an update on the extraordinary general meeting in Shelton Petroleum and Petrogrand and the operations in Ukraine Extraordinary general meeting in Petrogrand Shelton Petroleum (Shelton) holds approximately 25 per cent of the shares in Petrogrand. Shelton has in a letter, which was delivered to the board of …