Premier Energy Acquires Majority Interest in Russian Oil and Gas Operations
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April 08, 2009 03:55 PM Eastern Daylight Time
Premier Energy Acquires Majority Interest in Russian Oil and Gas Operations
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DALLAS--(BUSINESS WIRE)--Premier Energy Corp. (OTCBB: PNRC) announced today that it has acquired a majority interest in Karbon CJSC, which is engaged in the business of producing oil and gas from the North-Kopanskoye Oilfield, exploring and, if warranted, developing new commercial reserves of oil and gas. As consideration for the acquisition, the Company issued 107,406,000 shares of common stock. Concurrent with the acquisition of the majority interest in Karbon, Alexey Goleshev, Bosko Popovic and Aslanbi Kodzokov joined Dr. Anton Prodanovic and Michael Yuster as executive officers and directors of the Company. The Company filed a Form 8-K on February 2, 2009 disclosing the transaction and then amended such Form 8-K on February 27, 2009 to include financial statements for Karbon for the year ended December 31, 2008. The amended Form 8-K with the December 31, 2008 Karbon financial statements can be found at the following link http://www.sec.gov/Archives/edgar/data/1408095/000101376209000328/form8ka.htm. Certain information included in this press release and Company filings (collectively, SEC Filings) under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (as well as information communicated orally or in writing between the dates of such SEC filings) contains or may contain forward looking information that is subject to certain risks, trends and uncertainties regarding the Company's ability to raise capital and international, national and local economic conditions described from time to time in our filings with the Securities and Exchange Commission.
Contacts Premier Energy Corp. Dr. Anton Prodanovic, 214-208-3283
[email protected]
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