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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 2014.

eastsiberian plc (ESB) Key Developments

EastSiberian Plc Reports Earnings Results for the Six Months Ended November 30, 2014

EastSiberian Plc reported earnings results for the six months ended November 30, 2014. For the period, the company reported net loss of $820,296 or $0.09 per basic and diluted share compared to the $141,601 or $0.03 per basic and diluted share for the same period year ago. Cash flow used in operations was $46,138 compared to the $375,000 for the same period year ago. The loss for the current period consisted of general and administrative expenses of $647,206, accounts receivable written-down of 172,511 and foreign exchange loss of $579, whereas the loss for the period ended November 30, 2013 consisted of general and administrative expenses of $461,168, income from the settlement of accrued liabilities of $321,797 and foreign exchange loss of $2,230.

EastSiberian Plc Announces Executive Changes

EastSiberian Plc announced at the annual general and special meeting of its shareholder held on December 10, 2014, the shareholders elected Mr. Josef Hocher as a director of the Corporation. Mr. Hocher is a partner with Osler Hoskin & Harcourt LLP and has over 20 years of experience in the global oil and gas and energy industries. Mr. Hocher joins current directors Mr. Graeme Phipps and Mr. Jonathan Morley-Kirk who were re-elected as directors at the Meeting, and replaces Mr. Maxim Sidorin on the board of directors of the Corporation.

EastSiberian Plc Proposes Amendment to the Memorandum of Association

The annual general and special meeting of shareholders of the holders of common shares of EastSiberian Plc will be held on December 10, 2014. At the meeting, the shareholders will consider, if thought advisable, approve a special resolution to approve and authorizes an amendment to the memorandum of association of the corporation to change the name of the Corporation to "Latin American Energy Company (Islas Anglo Normandas) Plc" or such other name as may be approved by the directors of the Corporation and applicable regulatory authorities.

 

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