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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zoltav Resources Inc | LSE:ZOL | London | Ordinary Share | KYG9895N1198 | ORD SHS USD0.20 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.50 | 1.00 | 20.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMZOL
RNS Number : 6938F
Zoltav Resources Inc
19 May 2017
19 May 2017
Zoltav Resources Inc.
("Zoltav" or the "Company")
Directorate Change
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces that Marcus Rhodes, senior independent director, will not stand for re-election at the Annual General Meeting of the Company ("AGM") on 23 May 2017; and will retire as a director of the Company, after three years of service, effective from the date of the AGM.
Accordingly, the resolution for his re-election as a director of the Company will be withdrawn from the AGM. The Company is grateful for Mr Rhodes' valuable contribution during his years as a director of Zoltav and, in particular, as the chairman of the Company's audit committee.
Lea Verny, independent non-executive chairman, will also hold the position of senior independent director with effect from the date of the AGM; and will replace Mr Rhodes as chairman of the audit committee and as a member of the nomination and remuneration committee.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Contacts:
Zoltav Resources Inc. Tel. +44 (0)20 7830 9704 Lea Verny, Non-executive Chairman (via Vigo Communications) SP Angel Corporate Finance Tel. +44 (0)20 3470 0470 LLP (Nomad and Joint Broker) John Mackay, Jeff Keating, Soltan Tagiev Panmure Gordon (Joint Broker) Tel. +44 (0)20 7886 2500 Adam James or Tom Salvesen Vigo Communications Tel. +44 (0)20 7830 9704 Patrick d'Ancona or Ben Simons zoltav@vigocomms.com
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 (21.3 bcm) of gas and 3.8 mmbbls (484 mT) of oil and condensate. In 2016, the Bortovoy Licence produced approximately 3.3 mmboe (450 mToe).
Zoltav also holds the Koltogor E&P Licence, a 528 square kilometre area in the Khantiy-Mansisk Autonomous Okrug of Western Siberia, one of Russian's most prolific oil producing regions. The Koltogor E&P Licence contains the Koltogor oil field with Proved plus Probable reserves of 79.2 mmboe (10.8 mToe).
Additionally, Zoltav holds Koltogor E&P Licence 10, a 167 square kilometre area due west of the Koltogor E&P Licence, containing the West Koltogor oil field.
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 company news service from the London Stock Exchange
END
BOAGGURPAUPMGPB
(END) Dow Jones Newswires
May 19, 2017 08:29 ET (12:29 GMT)
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