Zoltav Resources: 2016 Results – Revenues Up 17%, Operating Profit Up 539%
Zoltav, the Russia-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2016 showing a 17% increase in revenues and the Company’s first annual net profit. The Company has adopted RUB as its reporting currency going forward, reflecting its currency of operation. Financial …
Zoltav Resources: 2015 Financial Results – Revenues Up 41%, Operating Profit of $1.1m
Zoltav, the Russia and CIS-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2015 – a period in which the Company generated its first operating profit. Financial Highlights · Revenues from production increased by 41% to US$28.1 million (2014: US$20.0 million, from …
Zoltav Resources: 2015 Results – Revenues Up 41%, First Operating Profit of $1.1m USD
Zoltav, the Russia and CIS-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2015 – a period in which the Company generated its first operating profit. Financial Highlights · Revenues from production increased by 41% to US$28.1 million (2014: US$20.0 million, from …
Zoltav Resources: Bortovoy Licence – New Gas Field Increases West Gas Plant Production
Zoltav, the CIS-focused oil and gas exploration and production company, provides an operational update regarding the Bortovoy Licence in the Saratov Oblast of the Russian Federation. Zoltav’s main priority since the acquisition of the Bortovoy Licence in June 2014 has been to restore the Western Gas Plant to its full …