2012-02-14 08:48:11 -
With the increased activity Petrogrand is strengthening its organisation in
Russia within operational management, geology and procurement. Of the newly
employed the following three persons will work in leading positions in the
Moscow office.
Igor G. Solyarskiy has been employed as first vice-president for Petrogrand.
Recently he has worked for the state owned Transneft where he was vice-president
during the last 10 years.
Sergey E. Chigay has recently worked for Gazprom Dobycha Shelf where he was
deputy manager for the geology and exploration department. His responsibilities
will include evaluation of new projects and as technical controller for the on-
going operations.
Alexander Y. Baranov
worked recently for the state owned oil company Rosneft. He
will be responsible for procurement and prepare an operation to handle sale and
purchase of crude oil.
We would also like to thank Elena Alatarceva for her time in the company as
vice-president as she has left us for new challenges.
"With these recruitments we have strengthened our organisation within
operational management, geology and procurement. I am convinced that the
increased experience within oil and the Russian business life will have a
positive impact on the company's activities and future development" says Maks
Grinfeld, CEO, Petrogrand AB
For further information, please contact:
Maks Grinfeld, CEO, phone: +46 8 5000 7810
Sven-Erik Zachrisson, Chairman, phone: +46 8 41 05 45 96
Certified Adviser First North: Mangold Fondkommission AB
Reasonable caution notice: The statement and assumptions made in the company's
information regarding Petrogrand AB's ("Petrogrand") current plans, prognoses,
strategies, concepts and other statements that are not historical facts are
estimations or "forward looking statements" concerning Petrogrand's future
activities. Such future estimations comprise but are not limited to statements
that include words such as "may occur", "concerning", "plans",
"expects",
"estimates", "believes", "evaluates",
"prognosticates" or similar expressions.
Such expressions reflect the management of Petrogrand's expectations and
assumptions made on the basis of information available at that time.
These statements and assumptions are subject to a large number of risks and
uncertainties. These, in their turn, comprise but are not limited to i) changes
in the financial, legal and political environment of the countries in which
Petrogrand conducts business, ii) changes in the available geological
information concerning the company's projects in operation, iii) Petrogrand's
capacity to continuously guarantee sufficient financing to perform their
activities as a "going concern", iv) the success of all participants in the
group, or of the various interested companies, joint ventures or secondary
alliances, v) changes in currency exchange rates, in particular those relating
to the RUR/USD rate. Due to the background of the many risks and uncertainties
that exist for any oil-prospecting venture and oil production company in its
initial stage, Petrogrand's actual future development may significantly deviate
from that indicated in the company's informative statements.
Press Release PDF:
hugin.info/138739/R/1585264/496252.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Petrogrand AB via Thomson Reuters ONE
[HUG#1585264]
