January 20, 2018 12:05 PM ET

Oil, Gas and Consumable Fuels

Company Overview of AB LOTOS Geonafta

Company Overview

AB LOTOS Geonafta is engaged in the exploration, prospecting, and production of oil and gas in Lithuania. It also offers deep drilling and oil works related services for oil companies. AB LOTOS Geonafta was formerly known as AB Geonafta and changed its name to AB LOTOS Geonafta in November 2011. The company was founded in 1964 and is headquartered in Gargzdai, Lithuania. As of February 3, 2011, AB LOTOS Geonafta operates as a subsidiary of LOTOS Petrobaltic S.A.

Gamyklos str. 11

Gargzdai,  96155

Lithuania

Founded in 1964

Phone:

370 46 484 801

Fax:

370 46 470 942

Key Executives for AB LOTOS Geonafta

Managing Director
Compensation as of Fiscal Year 2017.

AB LOTOS Geonafta Key Developments

Lotos Geonafta Announces Consolidated Earnings and Operating Results for the Full Year of Fiscal 2016; Provides Operating Guidance for the Full Year of Fiscal 2016

Lotos Geonafta announced consolidated earnings and operating results for the full year of fiscal 2016. For the year, the company announced consolidated revenues fall by 45.8% to EUR 19.16 million, from EUR 35.343 million in 2014. Consolidated net losses rose by 7.8% to EUR 25.199 million. The rise in losses was mostly due to a decrease in the value of tangible assets, property, plant and equipment, assets related to exploration and assessment of mineral resources, as well as certain investment. For the year, the company produced 53,000 tons of oil, down 10% from 2014. The company provided operating guidance for the full year of fiscal 2016. This year, the group plans to produce 42,000 tons of oil.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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