Zoltav enters two new credit facilities
4th Oct 2021 14:54
(Sharecast News) - Russia-focussed oil and gas exploration and development company Zoltav updated the market on its plans to commercialise the eastern fields of the Bortovoy licence in Saratov on Monday, reporting that its wholly-owned subsidiary Diall Alliance has entered into two non-revolving credit facilities with PJSC Sberbank of Russia.
Read moreZoltav amends ARA Capital loan repayment date
4th Sep 2020 16:28
(Sharecast News) - Russia-focussed oil and gas exploration and production company Zoltav announced on Friday that the terms of the loan agreement with ARA Capital Holdings have been amended, to extend the final repayment date to 31 December 2020.
Read moreZoltav Resources FY profit to beat market expectations
7th Sep 2016 10:18
(ShareCast News) - AIM-listed Russia-focused oil and gas exploration and production company Zoltav Resources said on Wednesday that it expects pre-tax profit for the year to the end of December 2016 to be materially ahead of market views. In an update ahead of its annual general meeting, the company
Read moreZoltav Resources swings to full year profit
22nd Apr 2016 16:04
(ShareCast News) - Russian oil and gas company Zoltav Resources swung to a profit in 2015 as revenues jumped 41% to $28.1m despite a weak ruble against the dollar. Zoltav said it delivered its first positive earnings before interest after tax, depreciation and amortisation of $7.2m in the year to 31
Read moreZoltav Resources buys oil assets in south-west Russia
18th Jun 2014 13:45
Russian oil and gas explorer and producer Zoltav Resources has bought Royal Atlantic Energy (Cyprus) for $180m. The deal gives Zoltav 100% ownership of the Bortovoy licence in the Saratov region of south-west Russia - a 3,215 sq km area containing several productive gas fields, a processing plant a
Read moreZoltav to buy Royal Atlantic Energy
16th Dec 2013 09:51
Oil and gas company Zoltav has signed a sale and purchase agreement with Bandbear to buy Royal Atlantic Energy. Royal Atlantic owns the Bortovoy Licence, which contains number of gas fields within a 3,215 square-kilometre area, a processing plant and significant exploration prospectivity. The lice
Read moreZoltav completes first major asset acquisition
4th Jul 2013 09:29
Oil and gas company Zoltav has completed its first major asset acquisition of the Koltogorsky Licence, in Western Siberia. Koltogorsky, located in the in the Khantiy-Mansisk Autonomous Okrug, contains probable oil reserves of 76.53m barrels. The company said it plans to acquire up to 500 square k
Read moreZoltav secures Siberian oil field after a little help by Abramovich junior
20th Mar 2013 07:44
Zoltav Resources, the AIM-listed shell company part-owned by Roman Abramovich's eldest son, is to get its hands on the undeveloped Koltogor field in western Siberia. This is thought to be Arkadiy Abramovich's first big oil deal as he makes his mark in the Russian energy sector. The firm announced
Read moreWednesday paper round-up: Cyprus, UK Budget, EDF Energy...
20th Mar 2013 06:47
Cypriot parliament voted last night to reject a 10bn-euro bailout plan from the Troika which included a proposal to tax 5.8bn euros from bank accounts. According to the Financial Times, the country's finance minister travelled over to Moscow in an attempt to 'wrest vital economic assistance from the
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