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Zoltav Resources Inc (ZOL)


Wednesday 07 September, 2016

Zoltav Resources Inc

Result of AGM

RNS Number : 2180J
Zoltav Resources Inc
07 September 2016

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Alastair Ferguson and Andrey Komarov respectively as directors of the Company, which, as announced earlier today, were withdrawn from the AGM.




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

[email protected]


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.


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