OREANDA-NEWS. November 30, 2012. According to RAS, the book value of assets of ITERA Oil and Gas Company, LLC, went up 110 per cent if compared to that of the preceding quarter to RuR 127.3 billion in the third quarter of 2012, reported the press-centre of ITERA.   

Growth of asset value resulted from the closing of transaction with OJSC NK Rosneft, within the framework of which Kynsko-Chaselskoeye Neftegaz, LLC, which owns a license to develop fields of the Kynsk-Chaselsk license area, was included in the balance of ITERA Oil and Gas Company, LLC. By this transaction, the added capital of ITERA Oil and Gas Company, LLC, increased from RuR 14.4 million (beginning of 2012) to RuR 85.4 billion.

The revenue of the Company in January-September of 2012 was RuR 41.5 billion, while the net profit went up by 18.9% to RuR 4.8 billion.

The financial statements of ITERA Oil and Gas Company, LLC, for the nine months of 2012 are available at the Company’s corporate site: www.itera.ru.