Petrogrand AB strengthens its organisation

Petrogrand AB strengthens its organisation

ID: 58359

(Thomson Reuters ONE) -


Stockholm, Sweden - 23 August 2011 - Petrogrand AB

Petrogrand strengthens its organisation within business development and investor
relations by employing Joakim Kindahl from September 1(st). Joakim has for the
last six years worked as an equity analyst with focus on the oil/gas sector at
Carnegie and Öhman Fondkommission. Before that he was employed as an economist
at Lundin Petroleum.

Joakim is 34 years old and holds a MSc in Economics and Business Administration
from Stockholm School of Economics


Petrogrand's business concept is to carry on oil production via acquired Russian
oil companies and oil licenses. Petrogrand will also manage, enhance and sell
Russian oil assets.


For further information, please contact:

Maks Grinfeld, CEO, phone: +46 8 5000 7810

Sven-Erik Zachrisson, Chairman, phone: +46 8 41 05 45 96

Certified Adviser First North:   Mangold Fondkommission A


Reasonable caution notice: The statement and assumptions made in the company's
information regarding Petrogrand AB's ("Petrogrand") current plans, prognoses,
strategies, concepts and other statements that are not historical facts are
estimations or "forward looking statements" concerning Petrogrand's future
activities. Such future estimations comprise but are not limited to statements
that include words such as "may occur", "concerning", "plans", "expects",
"estimates", "believes", "evaluates", "prognosticates" or similar expressions.
Such expressions reflect the management of Petrogrand's expectations and
assumptions made on the basis of information available at that time.

These statements and assumptions are subject to a large number of risks and
uncertainties. These, in their turn, comprise but are not limited to i) changes
in the financial, legal and political environment of the countries in which




Petrogrand conducts business, ii) changes in the available geological
information concerning the company's projects in operation, iii) Petrogrand's
capacity to continuously guarantee sufficient financing to perform their
activities as a "going concern", iv) the success of all participants in the
group, or of the various interested companies, joint ventures or secondary
alliances, v) changes in currency exchange rates, in particular those relating
to the RUR/USD rate. Due to the background of the many risks and uncertainties
that exist for any oil-prospecting venture and oil production company in its
initial stage, Petrogrand's actual future development may significantly deviate
from that indicated in the company's informative statements.



Press Release PDF:
http://hugin.info/138739/R/1540482/470987.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Petrogrand AB via Thomson Reuters ONE

[HUG#1540482]


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Bereitgestellt von Benutzer: hugin
Datum: 23.08.2011 - 12:34 Uhr
Sprache: Deutsch
News-ID 58359
Anzahl Zeichen: 3537

contact information:
Town:

Stockholm



Kategorie:

Business News



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"Petrogrand AB strengthens its organisation"
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