Rus News Journal

From a cardboard to oil

Kazakhs deduce Exillon Energy on IPO

Under the informal data, oil company Exillon Energy till the end of the year can spend primary placing of actions in London. It will be the first from the beginning of crisis IPO at the British stock exchange among the companies working in Russia. According to analysts, problems with an exit on stock market at Exillon will not arise, as GDR its shareholders - Kazakh “ Kazakhstan Kagazy “ - about three years bargain on LSE.

Company Exillon Energy conducting extraction in Russia, plans to spend IPO in London, has reported Reuters referring to sources. “ It is expected that the transaction will be finished till the end of the year “ - the interlocutor has told. The bank source has confirmed that the company is ready to placing. In Exillon on this information did not begin to make comments.

about Exillon Energy in the market it is known a little: till July of current year it was called Caspian Minerals plc. The company is registered on isle of Man, head office in Dubai. In Timano - Pechersky neftegazonosnoj a province and Western Siberia (got in January and April of current year) two structures - Exillon WS and Exillon TP are engaged in working out of ten oil deposits.

the Company is supervised by group ­ of the Kazakh investors. According to ­ information disclosing­, in connection with placing GDR on London Plus Mar­ ket (spent in February, 2009) on 45 % of actions posess Maksatu Aripu and Baghlan to Zhunusovu, 10 more % at David Starta. It is known that last is the main operational director Exillon Energy, and g - yes Zhunusov and Arip - the basic shareholders “ Kazakhstan Kagazy “ which works in Kazakhstan. In the company “ Kazakhstan Kagazy “ Open Companies " enter; Kagazy Recycling “ (manufacture of a paper, a cardboard and packing materials) and Open Company “ Prime Estate Activities Kazakhstan “ (building of commercial real estate). Thus the chairman of board of directors “ Kazakhstan Kagazy “ Alessandro Mangas is the main chief executive Exillon Energy. Papers “ Kazakhstan Kagazy “ bargain on LSE c July, 2007 (capitalisation for November, 3rd - 13,83 million pounds).

the London share platforms - the most popular venue IPO of the Russian oil companies. Placing in 2006 of actions " became the largest; Rosneft “ collected more than 7 mlrd dollars With the beginning of a world economic crisis of the company have curtailed the plans on an exit on IPO. They began to search actively for means in banks, and also to place bonds. Only in June Alliance Oil the first has dared at issue of actions in the form of Swedish depozitarnyh receipts (SDR) for the sum of 100 million dollars

is not excluded that in the near future IPO company Nobel Holdings Investments (will spend the former name - “ Nobejl Ojl “) If the agreement with the Hong Kong holding Kaisun Energy Group about its purchase is reached. Besides, officials have suggested to carry out recently privatisation “ Rosneft “. The Final decision on this question is not present, also is not clear, in what form there can be it.

now it is more favourable to large companies to spend SPO, for example it is actual for “ Rosneft “ and small and average now prefer placing in the form of IPO, analyst UK " believes; University “ Dmitry Aleksandrov. However not all investors are ready to put in little-known actives. That fact that owner Exillon Energy, group “ Kazakhstan Kagazy “ already bargains on LSE, will facilitate the oil company an exit on stock market, he considers.

success IPO Exillon Energy will depend in many respects on situation development in the stock market which conjuncture has a little worsened recently, analyst IFD " specifies; Kapital “ Vitaly Krjukov. It can negatively be reflected in appetite of investors but if the circle of investors is defined also them the possible price and risk - a profile of the emitter placing can quite pass arranges, he believes.