OREANDA-NEWS On 08 October was announced, that the holders of Slavneft-Megionneftegazgeologiya will elect the new director general at the special meeting Nov. 25.

The Company is one of the largest geological entities. It managed to open 135 fields covering 8.6bn ton in reserves. It provides the drilling within the contracts with the oil producers.

The share capital is worth 1.783mln rub. split in common stocks (96.47%) and preferred stocks (3.53%) of 0.01 rub. par. The major holder is Slavneft having 94.07%.

The IH net profit (RAS) declined 1.7 fold to 785.22mln rub. from 1.316bn rub. prior year; revenues being halved to 3.243bn rub. from 6.191bn rub.; gross profit and profit from sales - 1.8 fold to 964.437mln rub. from 1.776bn rub.; pretax profit - 825.262mln rub. from 1.743bn rub.