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 …
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 …
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 …
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 …
Petrogrand: 9m Results – No Operating Income in the 3rd Quarter
Third quarter of 2015 • Oil production in Ripiano attributed to Petrogrand increased in the third quarter by 14% to 84 274 barrels of oil or an average of 916 bopd compared to the previous quarter • During the third quarter, the Group had no operating income (-). The operating …
Shelton Petroleum: 9M Results – Petrogrand Merger Plus Margins Running at 22%
January – September 2015 Continuing Operations* – Total revenue: SEK 23 (36) million – Operating result: SEK 1 (2) million – Operating margin: 2% (6%) – Basic and diluted earnings per share: SEK -2.58 (0.11) January – September 2015 Russian and Ukrainian Operations** – Revenue: SEK 62 (93) million – …
Shelton Petroleum: Update on Petrogrand Merger and Ukrainian Asset Distribution
Following the recent shareholder approval of the agreement between Shelton Petroleum and Petrogrand, the development on the oil and gas market, depreciation of the Ukrainian currency and share price development in Petrogrand, Shelton Petroleum provides an update on several accounting items that affect the upcoming interim report. The items, which …
Shelton Petroleum and Petrogrand Merger Approved by the Shareholders in Both Companies
As previously announced the agreement between Shelton Petroleum AB and Petrogrand AB was approved at the extraordinary general meeting held today on 9 November 2015. The approval was conditional upon that an extraordinary general meeting in Petrogrand also approved the agreement. Petrogrand has now held its extraordinary general meeting and …
Shelton Petroleum: EGM – Confirms Petrogrand Asset Tie Up
At the extraordinary general meeting held earlier today in Shelton Petroleum AB the shareholders approved the agreement between Shelton Petroleum and Petrogrand AB which will combine the Russian oil and gas assets of the companies and dissolve the cross ownership. The agreement is available on the company’s website. At the …
Petrogrand and Shelton Petroleum: Finally Combine on Russian Assets Only
Petrogrand AB and Shelton Petroleum AB have entered into an agreement (i) to form a new combined and enlarged oil group with exclusively Russian oil assets and (ii) to dissolve the cross-ownership between the two companies. Shelton Petroleum’s and Petrogrand’s operations in Bashkiria and Komi regions respectively, both located in …