22nd May 2009 10:06
Sibir Energy plc ("Sibir" "The Company")
Market Update
The Board of Sibir has noted today's announcement by Renaissance Capital (Cyprus) Limited on behalf of JSC Gazprom Neft ("Gazrpom Neft") inviting shareholders to offer their Sibir shares for sale and the fact that no fixed price is being offered in relation to prospective purchases of shares. The Board wishes to draw shareholders attention to the fact that in a recent series of transactions Gazprom Neft paid £5 per share for shares in the Company and in the view of the Board shareholders should be guided by the price paid by Gazpromneft in these recent transactions.
Further announcements will be made as appropriate.
Enquiries to:
Stuard Detmer, CEO
Moscow +7 495 792 3045
Rory Murphy, Strand Partners Limited
London +44 (0) 20 7409 3494
Ian Hannam/Neil Haycock, J.P. Morgan Cazenove
London+44 (0) 20 7588 2828
Nick Miles, M: Communications
London +44 (0) 20 7153 1535
Related Shares:
GAZ.L