GEM Capital Holdings (CY) Ltd – Commencement of Compulsory Acquisition Process
On 14 December 2020, GEM Capital Holdings (CY) Ltd (“GEM”) made a cash offer (the “Offer”) to acquire the entire issued and to be issued ordinary share capital of Volga Gas plc (“Volga Gas” or the “Company”). Under the terms of the Offer, Volga Gas Shareholders are entitled to receive, …
Volga Gas: Proposed Cancellation of Trading on AIM
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, notes the announcement on 05 March 2021 by GEM Capital Holdings (“GEM”) that its recommended offer to acquire the entire issued and to be issued ordinary share capital of Volga Gas (the …
Acceptance of Offer by Directors of Volga Gas PLC
The Board of Volga Gas plc notes that the cash offer (the “Offer”) made by GEM Capital Holdings (CY) Ltd (“GEM”) to acquire the entire issued and to be issued ordinary share capital of Volga Gas has been declared wholly unconditional as of this morning. GEM has received valid acceptances …
Volga Gas: Production Report for December 2020
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for December 2020. Production Report The average production in December 2020 was 3,310 barrels of oil equivalent per day (12.4% higher than November 2020). This increase was driven by …
Volga Gas: Receives All Cash Offer from GEM Capital Holdings
Summary and Highlights: The board of directors of GEM Capital Holdings (CY) Ltd is pleased to announce the terms of a cash offer to be made by GEM for the entire issued and to be issued ordinary share capital of Volga Gas plc. GEM is a private, limited liability, company …
Volga Gas: Production & Drilling Update Report for October 2020
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for October 2020. Production Report The average production in October 2020 was 3,680 barrels of oil equivalent per day (7.4% lower than September 2020). This decrease was driven by …
Volga Gas: Hits Potentially Significant Discovery
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce a potentially significant discovery of a new oil field in its ongoing exploration drilling programme. As announced on 14 August 2020 and in the Interim Report released on …
Volga Gas plc: Interim Results
Volga Gas, the oil and gas exploration and production group operating in the Volga region of Russia, announces its interim results for the six months ended 30 June 2020. COVID-19 IMPACT · Operations were quickly adapted to minimise the risk of Covid-19 infections to staff, contractors and customers, as detailed in …
Volga Gas plc: Result of Annual General Meeting, Directorate Change Confirmation and Approval of Change of Auditor
Result of Annual General Meeting Volga Gas plc (“Volga Gas” or “the Company”), the oil and gas exploration and production group operating in the Volga Region of Russia, announces that at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed. Details of the votes cast for …
Volga Gas: Production Up 20.3% In August As Plant Capacity Utilisation Increased
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for August 2020. Production Report The average production in August 2020 was 4,317 barrels of oil equivalent per day (20.3% higher than July 2020). This increase was driven by …