C.A.T. oil AG expands Board of Directors
Baden/Vienna (euro adhoc) -
- Leonid Mirzoyan appointed Chief Corporate Finance Officer (CCFO) of the company
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professional career
March 12, 2007 - Austrian C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gasfield services in Russia and Kazakhstan, has announced the appointment of Leonid Mirzoyan (40) to the position of Chief Corporate Finance Officer effective March 8, 2007. The main responsibility of the newly-created position will include Corporate Finance and Strategic Planning. Furthermore, the CCFO will support CEO Manfred Kastner in the areas of Investor and Public Relations. Leonid Mirzoyan has a long-time experience in the Russian oil and gas industry. As a Director at Dresdner Kleinwort in Moscow he established the Russian Equity Research from 2005 until early 2007, with a main focus on oil and gas companies and their suppliers. In 2004 and 2005, he worked as a Managing Director for Vneshtorgbank, Moscow, where he was responsible for M&A advisory and acquisition financing services for the Russian oil and gas industry. From 1997 to 2004 he was an oil and gas analyst first for Regent European Securities, Moscow, and later for Deutsche Bank in Moscow. In addition to that, Leonid Mirzoyan has accumulated extensive experience in the operating business on the oil and gas fields in Russia, e.g. as project manager for BHP Petroleum in Moscow and as field engineer for EuroSov Petroleum in Western Siberia. Leonid Mirzoyan has a degree in Geophysics from the State Academy of Oil and Gas in Moscow. Dr. Gerhard Strate, Chairman of the Supervisory Board of C.A.T. oil AG, commented: "We are delighted to have won Leonid Mirzoyan as a new member of C.A.T. oils Management Board. During his time as a research analyst he got deep insights into our company. In addition to that, he is a renowned expert for the Russian oil and gas sector and, as a Russian citizen, he has a unique grasp for the special challenges of operating in Russia. As a result of his longtime work as an oil and gas analyst for various leading financial institutions he has an excellent global network of institutional investors and fellow analysts. This makes him the perfect addition to C.A.T. oils current management team, and he will work primarily on realizing the growth potential of the company and on further expanding the dialogue with investors."
www.catoilag.com
end of announcement euro adhoc 12.03.2007 08:30:00
Further inquiry note:
Press contact:
A&B Financial Dynamics
Dr. Lutz Golsch Claudia Werth
Tel.: +49 (0)69 92037-110 Tel.: +49 (0)69 92037-114
Email: l.golsch@abfd.de Email: c.werth@abfd.de
About C.A.T. oil AG:
Austria-based C.A.T. oil AG (O2C, ISIN: AT0000A00Y78) is one of the leading
providers of oil- and gasfield services in Russia and Kazakhstan. C.A.T.oils
core business is hydraulic fracturing, a process which helps to open up oil- and
gas-bearing rock formations in order to increase or even enable oil and gas
production. The C.A.T.oil crews use state-of-the-art methods and technologies to
generate high pressure in the oil or gas reservoirs concerned. This pressure
causes cracks to appear in the rock through which oil or gas can be produced in
larger quantities from the production well, and hence efficiently boosts
extraction, particularly in the case of deposits that are difficult to develop
or low-output wells. In addition, hydraulic fracturing can be used to revitalize
wells that have previously been idle.
The Company has its headquarters in Baden near Vienna and employed 2,230 people
at the end of 2005, most of whom are based in Russia and Kazakhstan. Customers
include leading oil and gas producers such as Gazprom, KazMunaiGaz, LUKOIL,
Rosneft, and TNK-BP. C.A.T.oil has been listed in the Prime Standard of the
Frankfurt Stock Exchange since May 4, 2006, and has been a member of the SDax
since September 18, 2006.
Branche: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
WKN: A0IKWU
Börsen: Frankfurter Wertpapierbörse / official dealing