Zoltav Resources: Alastair Ferguson Appointed as Executive Director
Zoltav, the CIS-focused oil and gas exploration and production company, is pleased to announce that Alastair Ferguson, a non-executive director of the Company since 19 May 2014, has become an executive director. Mr Ferguson has an extensive background in the oil and gas industry having held both technical and senior …
Zoltav Resources: Completes Acquisition of the Bortovoy License and Admission to Trading on AIM
Zoltav, the CIS-focused oil and gas exploration and production company, is pleased to announce the completion of the acquisition of Royal Atlantic Energy (Cyprus) Limited (“Royal Atlantic Energy”) (the “Acquisition”) and the admission at 8 a.m. today of its enlarged issued share capital to trading on the AIM market of …
Zoltav Resources: Issue of Equity
Zoltav, the CIS-focused oil and gas company announces that, following the receipt of a notice to exercise warrants over 100,000 ordinary shares of $US0.2 in the Company (“Ordinary Shares”) it has authorised the issue of 100,000 new Ordinary Shares (the “Warrant Exercise”). The new Ordinary Shares will rank pari passu …
Zoltav Resources: Clarifies Koltgor Production and Registration
Zoltav, the CIS-focused oil and gas company, notes reports in Russian media sources today regarding the registration, by the Russian State Reserve Commission (“GKZ”), of an oil discovery made within Zoltav’s Koltogor 10 Exploration Licence (“Koltogor 10”) in the Khantiy-Mansisk Autonomous Okrug. As stated in the Operational Update announcement dated …
Zoltav Resources: Completes Bortovoy License Acquisition
On 16 December 2013 Zoltav, the CIS-focused oil and gas company, announced that it had entered into a conditional agreement with Bandbear Limited (“Bandbear”) to acquire the entire issued share capital of Royal Atlantic Energy (Cyprus) Limited (“Royal Atlantic Energy”) for a total consideration of US$180 million (the “Acquisition”). The …
Zoltav Resources: Final Results for the Year Ended 31 December 2013
Zoltav, the CIS-focused oil and gas company, announces Final Results for the Year Ended 31 December 2013. Corporate Highlights · Completed acquisition of CenGeo Holdings which holds the Koltogor Licence in Western Siberia · US$20 million investment by ARA Capital in support of CenGeo acquisition to support work programme on Koltogor Licence …
Zoltav Resources: Koltogor Licence Update
Zoltav, the CIS-focused oil and gas exploration and development company, provides an update on operations during the 2013/14 drilling season. Highlights · Completed programme to acquire 466 square kilometres of 3D seismic and 71 kilometres of 2D seismic data across the Company’s Koltogor Licence in Khantiy-Mansisk, Western Siberia (the “Koltogor Exploration …
Zoltav Resources: Receives Further $5m USD from ARA Capital
Further to the announcements of 10 June and 4 July 2013, Zoltav Resources, the CIS-focused oil and gas exploration and development company, is pleased to announce that it has received cleared funds of US$5 million from ARA Capital Limited relating to the third tranche of the US$20m subscription entered into …
Zoltav Resources: Purchases the Bortovoy Licence
Zoltav, the CIS-focused oil and gas exploration and development company, is pleased to announce that it has signed a Sale and Purchase Agreement with Bandbear Limited, currently a 32.5 per cent shareholder in Zoltav, to acquire Royal Atlantic Energy (Cyprus) Limited (“Royal Atlantic Energy”) which, through a wholly-owned subsidiary, holds …
Zoltav Resources: Completion the of Acquisition of CenGeo and the Koltogor Oil Field
Zoltav, the CIS-focused oil and gas exploration and development company, is pleased to announce the completion of its first major asset acquisition and the admission of its enlarged issued share capital to trading on the AIM market of the London Stock Exchange. Dealings commenced at 8.00 a.m. today. This follows …