7 Sep 2016 12:30
For immediate release: 7 September 2016
Zoltav Resources Inc.
("Zoltav" or the "Company")
Results of Annual General Meeting
Zoltav Resources (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces that, at the Annual General Meeting ("AGM") of the Company held today, all resolutions proposed were duly passed on a poll, with the exception of Resolutions 2 and 3, to re-elect Alastair Ferguson and Andrey Komarov respectively as directors of the Company, which, as announced earlier today, were withdrawn from the AGM.
Contacts:
Zoltav Resources Inc. | Tel. +44 (0)20 7830 9704 |
Marcus Rhodes, Non-executive Chairman | (via Vigo Communications) |
Shore Capital (Nomad and Joint Broker) | Tel. +44 (0)20 7408 4090 |
Toby Gibbs or Mark Percy (Corporate Finance) | |
Jerry Keen (Corporate Broking) | |
Panmure Gordon (Joint Broker) | Tel. +44 (0)20 7886 2500 |
Adam James or Tom Salvesen | |
Vigo Communications (Financial Public Relations) | 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 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 (21.2 bcm) of gas and 3.8 mmbbls (488 mT) of oil and condensate. In 2015 the Bortovoy Licence produced approximately 3.1 mmboe (440 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).
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.