Abramovich’s Son’s Company Was Allowed To Commission 3 Gas Fields Of The Vostok Project
Diall Alliance LLC (controlled by Arkady Abramovich) received permission from Rosnedra to commission production facilities at three fields in the eastern part of the Bortovoy license area in the Saratov region, the regional Ministry of Industry and Energy reports. We are talking about the objects of the Pavlovskoye field in …
Zoltav Resources: De-listing and Cancellation of Trading on AIM
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, confirms that the cancellation of listing and trading on AIM will take effect at 7.00 a.m. GMT today, 15 February 2022. source
Zoltav Resources: Proposed Cancellation of Admission of Ordinary Shares to Trading on AIM
Zoltav, the Russia-focused oil and gas exploration and production company, announces that a circular (the “Circular”) will be sent today to Shareholders detailing the following proposals: · the cancellation of admission of Zoltav’s Ordinary Shares to trading on AIM (the “De-listing”); · a Tender Offer under which ARA Capital Holdings Limited will …
Zoltav Resources: Update Re Transaction Between Shareholders
Zoltav, the Russia-focused oil and gas exploration and production company, has been notified of certain amendments to the terms of a transaction between two shareholders in the Company which was announced on 29 December 2020. As previously announced, ARA Capital Holdings Limited (“ARA Capital Holdings”) agreed to buy, and Bandbear Limited (“Bandbear”) agreed …
Zoltav Resources: Project Finance for East Bortovoy Development
Zoltav, the Russia-focused oil and gas exploration and production company, announces an update regarding the Company’s plans to commercialise the eastern fields of the Bortovoy Licence, Saratov. Project Finance Diall Alliance LLC (“Diall Alliance”), the Company’s wholly owned Russian operating subsidiary which holds the Bortovoy Licence, has entered into two non-revolving …
Zoltav Resources: Half Year Report for the Six Months Ended 30 June 2021
Zoltav, the Russia-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2021. Financial Summary: Revenues increased by 37% to RUB 755 million (Н1 2020: RUB 552 million), due to the increase in production (21%) and the positive impact of gas prices. Total …
Zoltav Resources Inc: Final Results for the Year Ended 31 December 2020
Zoltav, the Russia-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2020. Financial Summary · Revenues increased by 2% to RUB 1.24 billion (2019: RUB 1.22 billion) · Total cost of sales was 22% lower at RUB 833 million (2019: RUB 1.07 billion) · Operational and G&A costs increased by 20.7% …
Zoltav Resources Inc: Notice of AGM
Zoltav, the Russia-focused oil and gas exploration and production company, announces that its Annual General Meeting (“AGM”) will be held on 27 July 2021 at 10 a.m. (UK time) at the Company’s registered office, Willow House, Cricket Square, Grand Cayman KY1-1001, Cayman Islands, but will be facilitated virtually by the …
Zoltav Resources: Half Year Report for the Six Months Ended 30 June 2020
Zoltav the Russia-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2020. Financial Summary · Revenues declined by 12% to RUB 552 million (USD 8 million) (H1 2019: RUB 624 million (USD 9.6 million)), due mainly to lower gas production and lower oil and condensate prices · Total cost of …
Zoltav Resources Inc.: Final Results for the Year Ended 31 December 2019
Zoltav, the Russia-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2019. Lea Verny, Independent Non-executive Chairman, commented: “2019 was a challenging year operationally but we expect to be able to sustainably reverse the declining production profile on the West Bortovoy fields …