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 …
Zoltav Resources: Final Results for the Year Ended 31 December 2013
Zoltav, the CIS-focused oil and gas company, announces Final Results for the Year Ended 31 December 2013. Corporate Highlights · Completed acquisition of CenGeo Holdings which holds the Koltogor Licence in Western Siberia · US$20 million investment by ARA Capital in support of CenGeo acquisition to support work programme on Koltogor Licence …
Zoltav Resources: Purchases the Bortovoy Licence
Zoltav, the CIS-focused oil and gas exploration and development company, is pleased to announce that it has signed a Sale and Purchase Agreement with Bandbear Limited, currently a 32.5 per cent shareholder in Zoltav, to acquire Royal Atlantic Energy (Cyprus) Limited (“Royal Atlantic Energy”) which, through a wholly-owned subsidiary, holds …