RX - Hold) is to release its 1Q10 IFRS financials at the end of this week.
Yesterday, NOVATEK (NOTK
RX - Hold) released preliminary 1Q10 production numbers, which were up both YoY and QoQ.
RX - Hold) published strong 4Q09 IFRS financials which were above the consensus and slightly above our estimates, driven by a 15.8% QoQ increase in production and higher domestic gas prices.
RX - Hold) published strong 4Q09 IFRS financials driven by 15.8% QoQ production growth and higher domestic gas prices.
RX - Hold) may release 4Q09 IFRS financials as early as today (March 12).
Kommersant today reported a possible deal between Gazprom (GAZP Co Buy) and Gazprombank to swap half of Gazprom's 19.4% stake in NOVATEK (NOTK
Co Buy) for a 51% stake in Sibneftegaz held by Gazprombank.
However, Gazprom may not want to use cash for this deal and could use its 19.4% stake in NOVATEK (NOTK
- Buy) for a share swap.
The CFO of NOVATEK (NOTK
RX - Not Rated), Mark Gyetvay, has said that in the next few days the company will sign a joint-venture agreement with Total for the development of the Termokarstovoye field (in which Total will have a 49% stake).