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RNS Number : 7926H
Zoltav Resources Inc
19 November 2018
 

19 November 2018

 

Zoltav Resources Inc.

("Zoltav" or the "Company")

 

Holdings in Company

 

Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces that the Company was notified on 12 September 2018 by Crediton Invest Limited ("Crediton") that, on 4 September 2018, Crediton transferred its entire shareholding of 6,353,568 ordinary shares in the Company to Drentru Services LTD ("Drentru"). Following the transfer, Crediton no longer holds any ordinary shares in the Company. Zoltav was also notified on 12 September 2018 by Drentru that, as a result of the transfer, Drentru now holds 6,353,568 ordinary shares in the Company, representing 4.48 per cent of the Company's issued share capital.

 

Contacts:

 

Zoltav Resources Inc.

Tel. +44 (0)20 7390 0234

Lea Verny, Non-executive Chairman

(via Vigo Communications)



SP Angel Corporate Finance LLP (Nomad and Joint Broker)

Tel. +44 (0)20 3470 0470 

John Mackay / Jeff Keating / Soltan Tagiev




Panmure Gordon (Joint Broker)

Tel. +44 (0)20 7886 2500

Adam James




Vigo Communications

Tel. +44 (0)20 7390 0234

Ben Simons

[email protected]

 

About Zoltav

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. 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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Zoltav Resources Inc

Price: 60.5

Market: AIM
Market Cap: £85.88 m
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