Petrogrand: Q2 and 1H Results
Second quarter of 2015 – Acquisition of 49% interest in Ripiano Holdings Ltd, with 3 producing oil fields in Komi in Russia. – During the second quarter, the Group had no operating income (-). The operating result for the second quarter amounted to TSEK -7 433 (-11 699). – The …
Petrogrand: Announces the Appointment of Lars Vilhelmson as Acting CFO
Petrogrand is pleased to announce the appointment of Lars Vilhelmson as acting CFO. Lars Vilhelmson has previously served as CFO at Petrogrand AB from January 2011 to August 2014. Lars has previously a background as CFO of Cool Carriers AB.
Petrogrand: Completes 49% Acquisition of Ripiano Holdings LTD
Petrogrand is pleased to make its first monthly production and operational update. The Company has completed the acquisition of 49% of Ripiano Holdings LTD. The daily production from Ripiano’s subsidiaries Dinyu LLC and CNPSEI LLC has increased to 1 675 bopd and the Company is reviewing options to further increase production …
Shelton Petroleum: Q1 Results – Turnover and Profit Down, Margin Steady at 7%
Operating margin 7% despite significantly lower oil prices Total revenue for the period: SEK 19 (32) million Operating result for the period: SEK 1 (9) million Operating margin: 7% (29%) Basic earnings per share: SEK 0.04 (0.55) Diluted earnings per share: SEK 0.04 (0.53) Oil production Q1 2015 Q1 2014 …
Petrogrand: New Board, New MD – Dmitry Zubatyuk
At the extraordinary shareholders’ meeting in Petrogrand AB (publ) held on 10 April 2015 it was resolved that the board of directors for the period until the next annual shareholders’ meeting is to consist of five ordinary members without deputy members, to replace all board members and to elect the …
Petrogrand: To Drill 6 Wells at the Dinuy-Savinoborskoe and Sosnovskoe Fields
On Thursday 26 March 2015 detailed information about the acquisition of Ripiano Holdings Limited (“Ripiano”) will be presented at the Financial Hearings event at Operaterassen, Karl XII:s torg. The presentation is available in full on Petrogrand’s website www.petrogrand.se. 10 MUSD will be invested in 3 wells in the Dinuy-Savinoborskoe oil …
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: Pays $21.5m USD for 49% of Ripiano Holdings
Petrogrand AB’s subsidiary, Sonoyta Limited, has signed a Share Subscription Agreement, regarding the subscription for newly issued 49 per cent of the shares and votes in Ripiano Holdings Ltd, a Cyprus holding company with oil producing subsidiaries in Russia (“Ripiano”). The subscription price for the shares and votes in Ripiano …
Petrogrand: Half the Board Quits
Mikael Wallgren (Chairman) and Lars Jacobsson (board member) announce their immediate resignation from the Board of Directors of Petrogrand due to differences of opinion within the Board of Directors regarding the company’s future. Following Mikael Wallgren’s and Lars Jacobsson’s resignations, the Board of Directors of Petrogrand consists of Maks Grinfeld, …
Petrogrand: Signs Letter of Intent to Purchase 49% to Ripiano Holding
On Tuesday the 10th of February, Petrogrand AB signed a Letter of Intent regarding the acquisition of 49 percent of the shares and votes in Ripiano Holding Ltd, a Cyprus holding company with an oil producing subsidiary in Russia. The purchase price amounts to about 180 MSEK and is paid in …