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


Founded in 1964


370 46 484 801


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.

Similar Private Companies By Industry

Company Name Region
JSC "Transchema" Europe
Rekolas, Uab Europe
UAB Dujotekana Europe
UAB Naftos Tekme Europe
AB LOTOS Geonafta Europe

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
NYC2012, Inc. United States
John F. Kennedy Center For The Performing Arts United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact AB LOTOS Geonafta, please visit www.geonafta.lt. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.