Zoltav Resources: Challenging Geology Affecting Drilling Program
Zoltav, the Russia-focused oil and gas exploration and production company, provides an update on operations on the Bortovoy Licence, Saratov. In Zoltav’s half-year report published on 26 September 2017, the Company stated that it was re-evaluating the forward drilling programme for the Permian Basin in the Western Fields in order …
Zoltav Resources: 2017 1H Results – Production Down 10%, Revenues Up 33%
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2017. The full report is available to download from the Investor Relations section of the Company’s website at www.zoltav.com. Financial Highlights · Zoltav delivered a 33% increase in net …
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: Lea Verny Appointed Non-Executive Chairman, Marcus Rhodes Steps Down
Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to announce the appointment, with immediate effect, of Lea Verny as non-executive chairman of the Company. Lea Verny was appointed to the board of Zoltav as an independent non-executive director in December 2016 and has significant and high …
Zoltav: Appoints Lea Verny as Non-Executive Director
Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to announce the appointment, with immediate effect, of Lea Verny as a non-executive director of the Company. Ms Verny joins the board as an independent non-executive director and brings to the Company significant and high level corporate finance …
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: Strengths Board Experience and Corporate Governance
Zoltav Resources (AIM: ZOL), the CIS-focused oil and gas exploration and production company, is pleased to announce the appointments, with immediate effect, of Alexander Gorodetsky and Andrey Immel as non-executive directors of the Company. Mr Gorodetsky joins the board as an independent non-executive director and brings to the Company a …
Zoltav Resources: Revenues Up Operating Losses Down
Zoltav, the Russia and CIS-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2015. The full report is available to download from the Investor Relations section of the Company’s website at www.zoltav.com. Operational Highlights – Bortovoy · Produced 46.6 million cubic feet …
Zoltav Resources: Board Changes and Bandbear Joins
Zoltav Resources the CIS-focused oil and gas exploration and production company, announces that, at the Annual General Meeting (“AGM”) of the Company held today, all resolutions proposed were duly passed on a poll, with the exception of Resolution 2, to re-elect Symon Drake-Brockman as a director of the Company, which …