Zoltav Resources (AIM: ZOL), the Russia-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.
Zoltav Resources Inc.
Tel. +44 (0)20 7830 9704
Lea Verny, Non-executive Chairman
(via Vigo Communications)
SP Angel Corporate Finance LLP (Nomad and Joint Broker)
Zoltav is an oil and gas exploration and production company focused on Russia.
Zoltav holds the Bortovoy Licence in the Saratov region of South Western Russia, a 3,215 square kilometre area along the northern margin of the Pre-Caspian basin, one of the largest hydrocarbon basins in the CIS.
The Bortovoy Licence contains a number of productive gas fields, a processing plant and significant exploration prospectivity. It holds Proved plus Probable reserves of 750 bcf of gas and 3.8 mmbbls of oil and condensate. In 2017, the Bortovoy Licence produced 14.8 bcf of natural gas and 122,962 bbls of oil and condensate for sale (approximately 2.6 mmboe in total).
An exploration programme is underway on the Bortovoy Licence to assess the resource potential of the deeper Carbonian and Devonian structures.
Zoltav also holds the Koltogor E&P Licence, a 528 square kilometre area in the Khantiy-Mansisk Autonomous Okrug of Western Siberia; and Koltogor E&P Licence 10, a 167 square kilometre area due west of the Koltogor E&P Licence. Development activities on the Koltogor Licences are currently on hold.
For further information on Zoltav or to sign up for our news alert service visit:www.zoltav.com.
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