12 Nov 2015 07:57
12 November 2015
Zoltav Resources Inc.
("Zoltav" or the "Company")
Director/PDMR Shareholding
Zoltav (AIM:ZOL), the Russia and CIS-focused oil and gas exploration and production company, announces that it was advised on 11 November 2015 that Marcus Rhodes, a non-executive director of the Company, purchased 15,000 ordinary shares of $US0.2 in the Company ("Ordinary Shares") on 10 November 2015. The purchase was conducted at a price of £0.32 per Ordinary Share. Mr Rhodes's interest in the Company, as a result of this purchase, is 15,000 Ordinary Shares representing 0.01 per cent of the issued share capital of the Company.
Contacts:
Zoltav Resources Inc. | Tel. +44 (0)20 7016 9570 |
Alastair Ferguson, Executive Chairman | (via Vigo Communications) |
Shore Capital (Nomad and Joint Broker) | Tel. +44 (0)20 7408 4090 |
Pascal Keane or Toby Gibbs (Corporate Finance) | |
Jerry Keen (Corporate Broking) | |
Panmure Gordon (Joint Broker) | Tel. +44 (0)20 7886 2500 |
Adam James or Tom Salvesen | |
Vigo Communications | Tel. +44 (0)20 7016 9570 |
Patrick d'Ancona or Ben Simons | zoltav@vigocomms.com |
About Zoltav
Zoltav is an oil and gas exploration and production company focused on acquiring and developing assets in the CIS.
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 (21.2 bcm) of gas and 3.9 mmbbls (488 mT) of oil and condensate. In 2014 the Bortovoy Licence produced 2.8 mmboe (396 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 (10.3 mToe). Zoltav is engaged in an appraisal programme with a view to developing the field for commercial production.
Additionally, Zoltav holds Koltogor 10, a 167 square kilometre area due west of the Koltogor E&P Licence on which Zoltav is engaged in an exploration and appraisal programme.
For further information on Zoltav or to sign up for our news alert service visit: www.zoltav.com.