MALKA OIL: SALE OF STS-SERVICE TO GAZPROM NEFT COMPLETED
(Thomson Reuters ONE) - Russian authorities have, as of February 5, 2010, registered the sale of MalkaOil AB's Russian subsidiary STS-Service to Gazprom Neft.This means that the transaction between Malka Oil AB and Gazprom Neft which wasapproved by the shareholders of Malka Oil AB at an Extraordinary Shareholders'Meeting on December 17, 2009 has been completed.Malka Oil AB has today received payment according to the Sale Agreement.For further information, please contact:Maks Grinfeld, MD, tel: +46 768 077 614Sven-Erik Zachrisson, Chairman of the Board of Directors, tel: +46 8 41 05 45 96For further information on Malka Oil AB, see the website www.malkaoil.comReasonable caution notice: The statement and assumptions made in the company'sinformation regarding Malka Oil AB's ("Malka") current plans, prognoses,strategies, concepts and other statements that are not historical facts areestimations or "forward looking statements" concerning Malka's futureactivities. Such future estimations comprise but are not limited to statementsthat include words such as "may occur", "concerning", "plans", "expects","estimates", "believes", "evaluates", "prognosticates" or similar expressions.Such expressions reflect the management of Malka's expectations and assumptionsmade on the basis of information available at that time. These statements andassumptions are subject to a large number of risks and uncertainties. These, intheir turn, comprise but are not limited to i) changes in the financial, legaland political environment of the countries in which Malka conducts business, ii)changes in the available geological information concerning the company'sprojects in operation, iii) Malka's capacity to continuously guaranteesufficient financing to perform their activities as a "going concern", iv) thesuccess of all participants in the group, or of the various interestedcompanies, joint ventures or secondary alliances, v) changes in currencyexchange rates, in particular those relating to the RUR/USD rate. Due to thebackground of the many risks and uncertainties that exist for anyoil-prospecting venture and oil production company in its initial stage, Malka'sactual future development may significantly deviate from that indicated in thecompany's informative statements. Malka assumes no implicit liability toimmediately update any such future evaluations.[HUG#1384171] Press Release (PDF): http://hugin.info/138739/R/1384171/342917.pdf
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Datum: 12.02.2010 - 12:04 Uhr
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