Нефть и газ

A shareholder of Ukrnafta [UNAF UZ, Strong BUY] with a stake of more than 10% announced another AGM for September 09.

Ukrnafta [UNAF UZ, Strong BUY] has released its official preliminary 1H08 financials on July 25.

On July 22, 239.8 thsd mt of crude oil were sold at Resources Auction 119, which took place on the floor of the Ukrainian Interbank Currency Exchange.

Ukrnafta [UNAF UZ, Strong BUY] plans to sell 226.8 thsd mt of oil and 7.3 thsd mt of gas condensate at the Ukrainian Energy resources Auction 119 on July 22.

The Supervisory Board of Naftohaz of Ukraine was replaced by the Cabinet of Ministers of Ukraine on July 16. For the past few years, CMU had controlled Naftohaz directly, and the old Supervisory Board members were not actively involved in overseeing the company.

Concern Galnaftogaz [GLNG UZ, Speculative BUY] has reported selected consolidated IFRS financial results for FY07 and 1Q08.

Sumy Frunze (SMASH, N/R), one of largest European producers of equipment for the oil and gas and the chemical industries doubled its orders, which accounted for USD 720 mln by July 15, relative to the same period last year.

Ukrnafta [UNAF UZ, Strong BUY] will save UAH 31.1 mln (USD 6.16 mln at USD/UAH 5.05) in rent payments due to a recent change in the extraction rent rate mechanism.

Ukrnafta [UNAF UZ, BUY] will likely announce another AGM within the next week.

Ukrnafta [UNAF UZ, BUY] failed to convene an AGM on June 24.