15 April, 2008
ABIndex: Dividend scale of the “Kyrgyzoilgaz” OJSC on results of 2007 was 1.1868 soms
on 15th April overall meeting of shareholders of the “Kyrgyzoilgaz” OJSC was held, the shares of this company were included into the National index ABIndex. During 2007, oil extraction was 68 129 tones in compare with approved plan of 75 000 tones, plan execution was 98.8%. Growth tends in compare with past year was 106.4%. Gas extraction was 15 010 thousands cubic meter, on the plan it should be 25 000 thousands cubic meters.
For reporting year “Kyrgyzoilgaz” OJSC performed joint work with 8 foreign companies on crude oil processing, geological-research work performing, joint work on oil field development.
Net income after all taxes was 114.8 million soms that is more at 59.2 million soms in compare with 2006.
For dividends payment, it was decided to spend 28.7 million soms (25% out of net income). Dividend scale for one share was 1.1868 soms. Dividends payment day – 1st August 2007.
In order to increase the oil and gas processing in 2008 it is planned to perform the geological-technical works on major repairs of oil and gas wells with using of new technology on oil processing intensification. It is foreseen to start processing with non-active wells and receive additionally 8 766 tones of oil.
Main shareholders of company are Kyrgyz Government with control packet of 85% of shares and the Social found with 3.92% of shares, and rest are distributed among minor shareholders.
Presently, demand price and real market price of ordinary shares is 10 soms per security. Company capitalization on price 10 soms per share is 242 million soms or 6.6 million USD.
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