17 JUL 2015 Zoltav Resources Inc 37.3% Potential Upside Indicated by Panmure Gordon
BY AMILIA STONE BROKER RATINGS Zoltav Resources Inc with EPIC LON:ZOL has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ this morning by analysts at Panmure Gordon. Zoltav Resources Inc are listed in the Oil & Gas sector within AIM. Panmure Gordon have set a target price of 70 GBX on its stock. This is indicating the analyst believes there is a potential upside of 37.3% from today’s opening price of 51 GBX. Zoltav Resources Inc LON:ZOL has a 52 week high share price of 132 GBX while the 52 week low is 42 GBX.
Zoltav Resources Inc LON:ZOL is an oil and gas exploration and production company focused on acquiring and developing assets in the Commonwealth of Independent State (CIS). The Company holds the Bortovoy License in the Saratov region of South Western Russia, which is a 3,215-square kilometer area along the northern margin of the Pre-Caspian basin. The Bortovoy License holds Proved plus Probable reserves of 750 billion cubic feet of gas and 3.9 million barrels of oil and condensate. It also holds the Koltogor Exploration and Production License, which is a 528-square kilometer area in the Khantiy-Mansisk Autonomous Okrug of Western Siberia. The Koltogor oil field contains reserves of 79.2 million barrels of oil. It is engaged in an appraisal program with a view to developing the field for commercial production. Additionally, it holds Koltogor 10, which is a 167-square kilometer area, on which the Company is engaged in an exploration and appraisal program.
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