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C.A.T. oil AG / C.A.T. oil AG comments on announced mandatory public takeover offer by Joma Industrial Source Corp - Seite 2

Phone: [phone]
Email: [e-mail]

About C.A.T. oil AG

C.A.T. oil AG is one of the leading independent oil and gas field
service contractors in Russia and Kazakhstan and is listed on the
Frankfurt Stock Exchange (SDAX). C.A.T. oil provides a range of high
quality services, which enable oil and gas producers to extend
lifecycle of their fields or bring yet unexploited oil and gas
reserves to production.

Since its foundation in 1991 in Celle, Germany, C.A.T. oil has built
up a leading hydraulic fracturing service, a very effective method of
well stimulation by cracking rock formations with pressurized fluids,
in Russia and Kazakhstan. Following its IPO in 2006, the Company
developed a second core service of sidetrack drilling in 2006-08 and
has established a strong presence in Russia's sidetrack drilling
market. Sidetrack drilling is a term used to describe drilling of a
new wellbore from the upper section of an existing well. In 2011-12,
the Company launched the next phase of its growth and diversification
strategy and set up high class drilling operations as a third core
service offering. High class drilling is the classical technology of
drilling vertical, inclined and horizontal wells for extraction of
oil and gas. In total, the Company has already invested more than EUR
450 million in growth and diversification since its IPO in 2006.

Following the successful set up of high class drilling in 2011-12,
C.A.T. oil introduced its new segment reporting in 2013 clustering
its activities in "Well Services" (fracturing, cementing and
completion operations) and "Drilling, Sidetracking and IPM
(Integrated Project Management)".

C.A.T. oil's customer base includes the leading Russian and Kazakh
oil and gas producers such as Rosneft, Lukoil, Gazprom Neft,
Tomskneft VNK, Slavneft, Russneft and KazMunaiGaz. The Company has
long-standing relationships with these customers and has been a
reliable service provider since its market entrance in the early
nineties.

C.A.T. oil has its headquarters in Vienna. The Company's H1 2014
weighted average headcount stood at 2,873 people, most of which are
based in Russia and Kazakhstan.

www.catoilag.com

Further inquiry note:
Carolin Amann Tel: [phone] Email: [e-mail]

Steffi Fahjen Tel: [phone] Email: [e-mail]

end of announcement euro adhoc
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company: C.A.T. oil AG
Kärntner Ring 11-13
A-1010 Wien
phone: [phone] - 0
FAX: [phone] - 20
mail: [e-mail]
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English