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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sibir Energy | LSE:SBE | London | Ordinary Share | GB00B04M0Q71 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 174.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 5928V
Sibir Energy PLC
13 July 2009
SIBIR ENERGY PLC ("Sibir" or the "Company")
MARKET UPDATE
The Board of Sibir announced on the 22nd May 2009 that it had obtained security
from Mr Chalva Tchigirinski and his related interests over the proceeds of any
future sale of Hugh House, 7A Eaton Square, London SW1W 9DA ("Hugh House").
The Board announces that the sale of Hugh House has now been completed and that
Sibir has received GBP17,024,108.18 of the proceeds of sale, which has been
applied by it in reducing the indebtedness of Mr Chalva Tchigirinski and his
related interests to Sibir.
The Company's investigation into various actual and proposed transactions with
Mr Tchigirinski and interests controlled by him in 2008 continues, as do the
associated recovery efforts in respect of amounts advanced by the Group in
connection with those transactions.
Enquiries to:
Stuard Detmer, CEO
Moscow +7 495 792 3045
Igor M. Tsibelman, First Deputy CEO
Moscow: +7 (495) 790 78 40
Rory Murphy, Strand Partners Limited
London +44 (0) 7409 3494
Nick Miles, M: Communications
London +44 (0) 20 7153 1535
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISEAKXDFFANEFE
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