Volga Gas: Not For Sale – Market Conditions Force Rethink
Conclusion of Formal Sale Process Following the announcement by the Company of a formal sale process on 5 June 2014 a number of proposals were received from interested parties. However none of the proposals have been deemed by the Board to represent a fair value for the Company. In light …
Volga Gas: Stuck Drill Pipe Suspending Ops at the Vostochny Makarovskoye Field
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, provides the following updates. Drilling operations on VM Well #3 As announced with the Interim Results on 15 September 2014 drilling operations on the VM #3 well on the Vostochny Makarovskoye (“VM”) …
Volga Gas: Strong 1H Results – Revenues Up 50%, EBITDA Up 97%, Company to Pay First Cash Dividend
Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce its results for the six months ended 30 June 2014. HIGHLIGHTS FINANCIAL RESULTS AND MAIDEN DIVIDEND · Revenues increased by 50% to US$23.2 million (H1 2013: US$15.4 million) · …
Volga Gas: Q1 Production Up 53% on 2013
Volga Gas plc , the oil and gas exploration and production group operating in the Volga Region of Russia,is pleased to provide the following trading statement and operational update for the first quarter of 2014. Production volumes and sales for Q1 Production between 1 January and 31 March 2014 was approximately …
Volga Gas: For Sale – One Careful Owner
The Board of Volga Gas has been exploring strategic options for the business, including seeking potential offerors for the Company by means of a “formal sale process” pursuant to the City Code on Takeovers and Mergers (the “Code”) under which the Board of Volga Gas is able to have discussions with third …
Volga Gas: Strong 2013 and Looking to Complete the Dobrinskoye Gas Processing Plant in 2014
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following trading statement and operational update. Production Volumes and Sales. Production during the year ended 31 December 2013 was approximately 8.9 million cubic feet per day (mmcfd) …
Volga Gas: Upgrade to Dobrinskoye Gas Processing Plant to Increase Production and Bottom Line
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce that its operating subsidiary, OOO Gaznefteservice (“GNS”), has received regulatory approval for the upgrade works on the Dobrinskoye Gas Processing Plant. Construction of the main processing stream is …
Volga Gas: Vostochny Makarovskoye Gas Field Sees Better than Expected Well Test
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide an update following the completion of a production test on the VM#1 production well on its Vostochny Makarovskoye (“VM”) gas/condensate field. A workover has recently been completed on …
Volga Gas: Yuzhny-Romanovskaya Strikes Dust, Vostochny Makarovskoye Receives Condensate Boost
Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, is providing an update on operations on well #30 on its Vostochny Makarovskoye (“VM”) field and on the Yuzhny Romanovskaya #1 exploration well on the Urozhainoye-2 licence. Vostochny Makarovskoye well #30 The VM …
Volga Gas: Uzenskoye 9 Produces Water with Possible Reserve Downgrade
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, provides an update on its’ operations on its Uzenskoye oil field and on exploration drilling on the Urozhainoye-2 licence. Uzenskoye oil field A sidetrack on the Uzenskoye #9 well on the flank …