Investegate |Zoltav Resources Inc Announcements | Zoltav Resources Inc: Corporate Update & Holding(s) in Company
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, provides a corporate update following a review by the board of directors, in consultation with the Company's major shareholders, of the strategic options available to the Company to secure long-term value from the Company's Bortovoy Licence, its sole producing asset. As previously announced, the two currently producing western fields on the Bortovoy Licence are in natural decline and an ongoing capital investment programme has been required, and will continue to be required, in order to sustain prod...
Source: investegate.co.uk