Executive Summary
Timan Oil & Gas plc is an oil and gas exploration and production company incorporated in 2005 in order to participate in the consolidation and development of oil and gas properties in Russia and the countries of the Former Soviet Union. The Company's aim is to become a leading oil and gas producer and consolidator by leveraging its operational expertise and experience in regional acquisitions as well as its long term opportunistic and organic approach to value creation. The Company's assets consist of three licences in the Timan-Pechora region of Western Russia. In addition, the Company has an 80% interest in licences over two exploration blocks in the Caspian Sea.
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