10 Jul 2008 11:59
10 July 2008
VOLGA GAS PLC
TR-1 Announcement by Vlarenhill Ltd
Volga Gas (the "Company") notes that Vlarenhill Ltd., has today informed the Company that it no longer holds a notifiable interest in the Company. As disclosed in the Company's Admission Document dated 19 April 2007 Vlarenhill is 50% owned by Vladimir Koshcheev, a director of the Company.
The Company wishes to clarify that Mr. Koshcheev remains the beneficial owner of 866,550 ordinary shares of the Company and was not a beneficial owner of any of the shares sold.
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Volga Gas is an independent gas exploration and production company, which currently holds four subsoil licenses in the Volga Region of European Russia.
For additional information please contact:
| Financial Dynamics | ||
| Jonathon Brill Billy Clegg Alex Beagley | +44 (0)20 7269 7170 +44 (0)20 7269 7157 +44 (0)20 7269 7207 | |
| KBC Peel Hunt (Nominated Adviser) | +44 (0)20 7418 8900 | |
| Jonathan Marren Alina Savych |