EANS-News: C.A.T. oil AG C.A.T. oil AG notes the publication of the mandatory
offer by Joma Industrial Source Corp.
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Subtitle: Management Board and Supervisory Board will publish their reasoned
opinion on the offer in due course
Mergers - Acquisitions - Takeovers
Vienna, 11 December 2014 - C.A.T. oil AG (O2C, ISIN: AT0000A00Y78; "the
Company")one of the leading providers of oil and gas field services in Russia
and Kazakhstan, notes today's publication of the offer document for the
mandatory public takeover offer announced by Joma Industrial Source Corp. ("Joma
Industrial") on October 31, 2014.
The Management Board and Supervisory Board of C.A.T. oil AG will carefully and
in accordance with their legal obligations evaluate the mandatory public offer
with the support of advisors. The Management Board will publish its conclusions
within the next two weeks.
www.catoilag.com
Press Contact:
FTI Consulting
Carolin Amann
Phone.: +49 (0)69 92037-132
Email: carolin.amann@fticonsulting.com
Steffi Susan Kim
Phone.: +49 (0)69 92037-115
Email: steffi.kim@fticonsulting.com
About C.A.T. oil AG:
C.A.T. oil AG is one of the leading independent oil and gas field service
contractors in Russia and Kazakhstan and is listed on the Frankfurt Stock
Exchange (SDAX). C.A.T. oil provides a range of high quality services, which
enable oil and gas producers to extend lifecycle of their fields or bring yet
unexploited oil and gas reserves to production.
Since its foundation in 1991 in Celle, Germany, C.A.T. oil has built up a
leading hydraulic fracturing service, a very effective method of well
stimulation by cracking rock formations with pressurized fluids, in Russia and
Kazakhstan. Following its IPO in 2006, the Company developed a second core
service of sidetrack drilling in 2006-08 and has established a strong presence
in Russia's sidetrack drilling market. Sidetrack drilling is a term used to
describe drilling of a new wellbore from the upper section of an existing well.
In 2011-12, the Company launched the next phase of its growth and
diversification strategy and set up high class drilling operations as a third
core service offering. High class drilling is the classical technology of
drilling vertical, inclined and horizontal wells for extraction of oil and gas.
In total, the Company has already invested more than EUR 450 million in growth
and diversification since its IPO in 2006.
Following the successful set up of high class drilling in 2011-12, C.A.T. oil
introduced its new segment reporting in 2013 clustering its activities in "Well
Services" (fracturing, cementing and completion operations) and "Drilling,
Sidetracking and IPM (Integrated Project Management)".
C.A.T. oil's customer base includes the leading Russian and Kazakh oil and gas
pro-ducers such as Rosneft, Lukoil, Gazprom Neft, Tomskneft VNK, Slavneft,
Russneft and KazMunaiGaz. The Company has long-standing relationships with these
customers and has been a reliable service provider since its market entrance in
the early nineties.
C.A.T. oil has its headquarters in Vienna. The Company's 9M 2014 weighted
average headcount stood at 2,920 people, most of which are based in Russia and
Kazakhstan.
Further inquiry note:
Carolin Amann Tel: +49(0)69-92037-132 Email: carolin.amann@fticonsulting.com
Steffi Susan Kim Tel: +49(0)69-92037-115 Email: steffi.kim@fticonsulting.com
end of announcement euro adhoc
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company: C.A.T. oil AG
Kärntner Ring 11-13
A-1010 Wien
phone: +43(0) 1 535 23 20 - 0
FAX: +43(0) 1 535 23 20 - 20
mail: ir@catoilag.com
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English
