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28 Aug 2012 16:24
28 August 2012
VOLGA GAS PLC
Statement re. Russian media speculation
Volga Gas plc ("Volga Gas" or the "Company"), the oil and gas exploration and production group operating in the Volga Region of Russia, is making this announcement in response to press speculation in Russia.
The Company confirms that one of its group companies has received clearance from the Russian Federal Antimonopoly Service ("FAS") to purchase two Russian companies with oil exploration and production licences in the Khanty-Mansiysk region of Western Siberia. This clearance was sought as an initial part of a transaction process which is still under negotiation. There is at this stage no certainty a potential transaction will occur. Volga Gas will update shareholders on this potential transaction and provide further information as appropriate, in due course.
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For additional information please contact:
Volga Gas plc | |
Mikhail Ivanov, Chief Executive Officer | +7 (495) 721 1233 |
Tony Alves, Chief Financial Officer | +44 (0) 20 8622 4451 |
Oriel Securities Limited (Nominated Adviser) | |
Michael Shaw | +44 (0)20 7710 7600 |
Gareth Price | |
FTI Consulting | |
Billy Clegg | +44 (0)20 7831 3113 |
Edward Westropp | |
Alex Beagley |
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