As one of the final steps in the agreement between Petrosibir and
Petrogrand the Board has appointed Dmitry Zubatyuk CEO of Petrosibir.
The Board has also appointed the company’s current CFO Gunnar Danielsson
deputy CEO.
On 9 November 2015 extraordinary general meetings in Petrosibir AB
(Petrosibir) and Petrogrand AB (Petrogrand) resolved to approve an
agreement between the companies. The agreement encompassed among other
things that Petrosibir would distribute its Ukrainian assets, acquire a
subsidiary from Petrogrand holding USD 4 million and a 49% share in
certain Russian oil and gas assets and appoint a new Board as well as
Dmitry Zubatyuk as CEO.
The new Board, which assumed its duties in December 2015, has now
appointed Dmitry Zubatyuk CEO of Petrosibir. The Board has also
appointed Gunnar Danielsson deputy CEO. Robert Karlsson, previous CEO in
Petrosibir, was appointed CEO of Zhoda Petroleum Ukraine AB when the
Ukrainian operations were distributed. In relation to Dmitry Zubatyuk
assuming his new position Robert Karlsson’s employment with Petrosibir
has ended.
For more information, please contact:
Dmitry Zubatyuk, CEO, +46 8 407 1850
Gunnar Danielsson, deputy CEO and CFO, +46 8 407 1850
www.petrosibir.com
About Petrosibir
Petrosibir (previously Shelton Petroleum) is a Swedish company focused
on exploring and developing concessions in Russia. Petrosibir’s
Ukrainian operations have been distributed to its shareholders. The
company holds licenses in the Russian republics of Bashkiria and Komi.
Petrosibir’s 2P oil reserves amount to 32 million barrels. The company’s
share is traded on Nasdaq Stockholm under the symbol SHEL B until 4
February 2016. The company will arrange a new trading platform so that
the share can be traded also following that date.
This is an English translation of the Swedish original. In case of
discrepancies, the Swedish original shall prevail.
