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Volga Gas News (LSE:VGAS)

09/25/20153:55AMALNCVolga Gas Hit By Weak Prices, Market Disruption And Ruble Devaluation
LONDON (Alliance News) - Volga Gas PLC shares dropped on Friday after it said it swung to a pretax loss in the first half of 2015 due to lower production, the sharp drop in oil prices, the devaluation of the Russian ruble, and disruptions to the regional market for oil products in Russia. Volga shares were down 16% to... More...>>
06/05/20154:18AMALNCVolga Gas Restarts Production But Maintenance Constrains May Output
LONDON (Alliance News) - Russian oil and gas producer Volga Gas PLC said production restarted in March and April at its Vostochny Makarovskoye and Dobrinskoye gas fields following a temporary shutdown, though production was constrained in May due to maintenance work. Volga said it had to shutdown production at the two... More...>>
04/16/20157:24AMALNCVolga Gas CEO To Become Chairman As New CEO Is Appointed
LONDON (Alliance News) - Volga Gas PLC on Thursday said its chief executive is to step down to become its non-executive chairman, with its current chairman becoming a non-executive director and a new chief executive being appointed. Volga said Mikhail Ivanov has decided to step down as chief executive for personal reasons... More...>>
03/30/20155:18AMALNCVolga Gas Profit Rises As Production And Sales Increase, Costs Fall
LONDON (Alliance News) - Volga Gas PLC Monday reported a rise in 2014 earnings as revenue grew on the back of increased production and sales, and it said it plans to increase production by around 7,500 barrels of oil equivalent per day in 2015 by drilling three wells. The Russian oil and gas producer reported a pretax... More...>>
02/19/20158:49AMALNCVolga Gas Production To Increase In Second Half Thanks To New Wells
LONDON (Alliance News) - Volga Gas PLC Thursday said drilling operations on the VM No. 3 well are underway, while it expects production from the VM field to increase during the second half of the year on the back of contributions from new wells. The oil and gas explorer, which operates in the Volga region of Russia, said... More...>>
01/27/20155:58AMALNCVolga Gas Says No Longer For Sale; Costs To Fall In Line With Revenue
LONDON (Alliance News) - Volga Gas PLC on Tuesday said it has taken itself off the auction block after failing to attract any acceptable offers, and said it expects its costs to come down in line with a decline in revenue. The company said its formal sale process, announced in June, has now been withdrawn. It said it received... More...>>
11/12/20144:48AMALNCVolga Gas Says Well In Russia Still Suspended; Sale Process Continues
LONDON (Alliance News) - Volga Gas PLC Wednesday said its new well in the Volga region in Russia continues to be suspended and is not expected to be completed until next year, delaying production growth from the oilfield until the middle of 2015. Its drilling operations on the VM 3 well continues to be hampered. In September... More...>>
09/15/20145:40AMALNCVolga Gas Profit And Revenue Jump As Sale Process Continues
LONDON (Alliance News) - Volga Gas PLC posted a jump in pretax profit and revenue in the first-half on Monday, as it said its oil production surged higher in the period and said the sale of the company is ongoing. The company said its pretax profit for the six months to June 30 was USD8 million, up from the USD4.3 million... More...>>

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