PetroKamchatka PLC V.PKP

HALT

[nikker]

PetroKamchatka PLC
Symbol	C : PKP
Shares Issued	490,396,137
Close 2011-05-17	C$ 0.025
Recent Sedar Documents

PetroKamchatka to acquire Advastor Services

2011-05-18 13:56 ET - News Release

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Mr. Graeme Phipps reports

PETROKAMCHATKA PLC ANNOUNCES TRADING HALT AND INTENTION TO PURCHASE SIX EXPLORATION LICENCES IN RUSSIA VIA A SHARE EXCHANGE

PetroKamchatka Plc has halted the trading of its stock at the request of the TSX Venture Exchange to allow the dissemination of this news release announcing that the Corporation has signed a non-binding Letter of Intent ("LOI") with Mr. Sergey Dokuchaev and Mr. Valery Garipov in respect of a proposed share exchange transaction. Pursuant to the LOI, PetroKamchatka would issue common shares in exchange for all the outstanding stock of Advastor Services Ltd. ("Advastor"), a Cyprus-holding company that is 100% owned by Mr. Dokuchaev and Mr. Garipov (the "Share Exchange"). Advastor, in turn, owns 100% of the stock in the charter capital of each of LLC "Severgeofisika", LLC "NefteGeoService Company", CJSC "Uhtaneftegasrasvedka" and CJSC "PechoraPetroleum". These four Russian entities hold six exploration licences in the Komi Republic, in northern European Russia, an established oil and gas producing region close to existing production and transportation infrastructure. The total acreage of the six licence areas is approximately 2,700 km2 and includes two drill-ready prospects. The trading halt of the Corporation's stock will remain effective until the TSX-V receives and reviews preliminary information on the potential new insiders of the Corporation, those being Mr.

[panhandlephillips]

https://www.petrokamchatka.com/files/pkp-press-release-may-18-2011-final-to-cnw.pdf

[JDTRADER888]

This is great news,and two of the prospects are drill ready......GLTA

[panhandlephillips]

From the NR..."The trading halt of the Corporation’s stock will remain effective until the TSX-V receives and reviews preliminary information on the potential new insiders of the Corporation, those being Mr. Dokuchaev and Mr. Garipov."Any idea how long this will take?

[BUDDIEE]

0.03CAD0.005(20.00%)Volume: Above Average Set AlertAdd to Watchlist As of 18 May 2011 at 3:52 PM EDT. Skip Navigation OverviewOverview ChartsCharts ResearchResearch BlogsBlogs OptionsOptions FundamentalsFundamentals