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euddoggwyn

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euddoggwyn

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Tuesday, 06/12/2007 2:10:00 PM

Tuesday, June 12, 2007 2:10:00 PM

Post# of 5803
iab ventures mentioned in russian article re serg

http://news.central.kz/archive/hind.chem.oilgas/200610/10081123.html

10/9/2006

American Energy Star prikupila "Volgu-Neft" [IA RusEnergy] MOSCOW, October 9. / RusEnergy. American Star Energy Corp. Ltd. bought "Volga-Neft" (Samara), Energy Star Press reported. It acquired 100% shares Ltd. from its owners and founders, Arthur and Olga Dzhalovyana Dubrowski, in exchange for 10 million new (26.1% of the total) of treasury shares. "Volga-Nefti owns license Rodnikovskoe field in the Orenburg Region with recoverable reserves of 95 million barrels of storage capacity for petroleum and petroleum products at three thousand cubic meters, fleet of 69 vehicles for the transport of oil and flammable goods. The company also owns 30 thousand square meters of real estate in the property-Chapaevske it intends to use to build their own processing facilities and attach them about $ 15 million In 2005, gross receipts "Volga-Nefti" of $ 90 million Star Energy intends to retain the existing management "Volga-Nefti" (currently in the company employs 185 people). The report also states that "Volga-Neft and Star Energy concluded agreements with the company IAB Island Ventures SA that the latter would give them access to contracts and funding in return for 10% of such transactions. The IAB company will negotiate all the important decisions; It also will fill two seats of five on the board of directors "Volga-Nefti and Energy Star.

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