23 May 2017 10:57
23 May 2017
Zoltav Resources Inc.
("Zoltav" or the "Company")
Result of AGM
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces that all resolutions proposed at the Annual General Meeting of the Company held today were duly passed.
Contacts:
Zoltav Resources Inc. | Tel. +44 (0)20 7830 9704 |
Lea Verny, Non-executive Chairman | (via Vigo Communications) |
SP Angel Corporate Finance LLP (Nomad and Joint Broker) | Tel. +44 (0)20 3470 0470 |
John Mackay, Jeff Keating, Soltan Tagiev | |
Panmure Gordon (Joint Broker) | Tel. +44 (0)20 7886 2500 |
Adam James or Tom Salvesen | |
Vigo Communications | Tel. +44 (0)20 7830 9704 |
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 (21.3 bcm) of gas and 3.8 mmbbls (484 mT) of oil and condensate. In 2016, the Bortovoy Licence produced approximately 3.3 mmboe (450 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 (10.8 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.