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Petro Welt Technologies AG

C.A.T. oil acquires oilfield services company FilOrAm from TNK-BP

Baden/Vienna (euro adhoc) -

- Geographic expansion within European Russia and northwest 
Kazakhstan - Further increase in hydraulic fracturing capacities
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover
April 16, 2007 - C.A.T. oil AG (O2C,
ISIN: AT0000A00Y78), one of the leading providers of oil and gasfield
services in Russia and Kazakhstan, acquired through its operating 
subsidiaries CATOBNEFT and CAT oil Leasing a 100% equity stake in the
oilfield services company FilOrAm from Russian oil and gas major 
TNK-BP. Following the approval by Anti-monopoly Committee on March 
16, 2007, the transaction was closed on April 4, 2007. FilOrAm is a 
provider of conventional hydraulic fracturing and acid fracturing 
services. The company was established in 1994 and currently employs 
156 people. It operates one fracturing fleet with total pumping 
capacity of 9,000 HP, similar to the fleets operated by C.A.T. oil. 
Up to date, FilOrAm has performed around 1,100 fracturing jobs. In 
2006 the company accomplished 126 jobs, of which 86 were conventional
fracs and 40 acid fracs. According to Russian Accounting Standards, 
in 2006 FilOrAm’s EBIT stood at EUR 0.45 million on revenues of EUR 
6.62 million. At the time of the transaction, the company had zero 
net debt on the balance sheet. The company is located in the Orenburg
region in European Russia. Due to that, the new subsidiary provides 
C.A.T. oil strategic access to Russia’s Volga-Urals and Timan-Pechora
oil and gas basins, as well as a highly competitive base towards 
northwestern Kazakhstan. Prior to the acquisition FilOrAm 
predominately served its parent company TNK-BP, which accounted for 
more than 50% of its 2006 revenues. C.A.T. oil plans to strongly 
increase the number of frac jobs and aggressively diversify the 
company’s customer base in Russia and Kazakhstan leveraging its 
distinct growth opportunities in these regions. As a first step, 
C.A.T. oil plans to upgrade FilOrAm’s fracturing capacities to the 
high standards of its operation units. Leonid Mirzoyan, Chief 
Corporate Finance Officer of C.A.T. oil AG, commented: "With this 
strategic acquisition, C.A.T. oil has proved once again its 
commitment to regional diversification and sustainable expansion of 
its core hydraulic fracturing business. FilOrAm enables us a strong 
foothold in European Russia and northwestern Kazakhstan. The massive 
rationalization potential of the acquired company and its positive 
outlook for enhancement of the service pricing combined with our 
ability to leverage the operations with our strong client relations 
make the acquisition accretive for our shareholders."
www.catoilag.com
end of announcement                               euro adhoc 16.04.2007 15:15:00

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. oil’s
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

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