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eastsiberian plc (ESB) Snapshot

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eastsiberian plc (ESB) Details

EastSiberian Plc, through its subsidiaries, explores for oil and natural gas in the Kamchatka Peninsula, the Russian Federation. It owns the Tigilskaya exploration license that covers 416,400 net hectares and is located in Kamchatka. The company was formerly known as PetroKamchatka Plc and changed its name to EastSiberian Plc in August 2012. EastSiberian Plc was incorporated in 2008 and is headquartered in St. Helier, the Channel Islands.

Founded in 2008

eastsiberian plc (ESB) Top Compensated Officers

Chairman, Interim Chief Executive Officer, Pr...
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Interim Chief Financial Officer
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Senior Vice-President of Russian Operations
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Senior Vice President of Exploration
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Vice President of Production Operations
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Compensation as of Fiscal Year 2015.

eastsiberian plc (ESB) Key Developments

EastSiberian Plc Reports Audited Consolidated Earnings Results for the Year Ended August 31, 2015

EastSiberian Plc reported audited consolidated earnings results for the year ended August 31, 2015. For the year, the company reported loss before income taxes of $1.380 million compared to $0.215 million a year ago. Net loss was $1.380 million or $0.9 per share compared to $0.215 million or $0.04 per share a year ago. Cash flow used in operations was $38,339 compared to $146,349 a year ago.

EastSiberian Mulls Acquisitions

EastSiberian Plc is seeking acquisitions. EastSiberian said, “The mandate is preliminary in nature and involves consideration of options, including securing a partner, as well as other potential value-maximizing transactions, which transactions may involve the acquisition of additional oil and gas interests in Latin America.”

EastSiberian Plc Reports Unaudited Consolidated Earnings Results for the Nine Months Ended February 28, 2015

EastSiberian Plc reported unaudited consolidated earnings results for the nine months ended February 28, 2015. For the nine, the company reported net loss of $1,109,151 or $0.14 per basic and diluted share against $282,019 or $0.06 per basic and diluted share for the same period a year ago. Cash flow used in operations was $46,428 against $312,754 for the same period a year ago. The loss for the current period consisted of general and administrative expenses of $936,080, accounts receivable written-down of $172,511 and foreign exchange loss of $560, whereas the loss for the period ended February 28, 2014 consisted of general and administrative expenses of $623,617, income from the settlement of accrued liabilities of $321,797, foreign exchange loss of $6,539 and other income of $26,340.


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