The aggregate rate of production from the fields of Regal Petroleum plc (part of Smart Energy Group) at the end of 2017 was approximately 2,800 boepd. This compares with an aggregate production rate of approximately 1,700 boepd at the end of 2016, which represents an increase of nearly 65% over the year.
Amstor Retail Group LLC, a commercial real estate operator, announces the opening of Amstor shopping centre in Severodonetsk (Lugansk region). Thus, the number of the shopping malls that resumed their operation under Amstor trademark has grown up to 14, and the total shopping capacity of the shopping centres managed by Amstor Retail Group has gone beyond 190,000 square meters.
Ukrgazvydobutok allocated almost 4 mln UAH to renovate a country road in Rakytne village, Novodalazhskiy district of Kharkiv region.
Smart-Holding industrial and investment group and Restis Group, one of the largest shipping companies in Greece, have signed a memorandum of cooperation in shipbuilding area.
Court Suspended Decision of State Geology Agency of Ukraine to Revoke Special License of Ukrgazvydobutok24.11.2017
The District Administrative Court of Kyiv considered justified the application of Ukrgazvydobutok PJSC (part of Smart Energy Group) and suspended the decision of the State Geology Agency of Ukraine to revoke the special license for subsoil use issued to the company.
Kharkiv will be lacking 300 thousand cubic meters of gas as a result of the Public Service Geology and Mineral Resources of Ukraine decision21.11.2017
The gas supply system of Kharkiv may be disrupted due to the shutdown of one of the gas producing companies of the region Private Joint Stock Company Ukrgazvydobutok (part of Smart Energy Group). At the moment, the company is forced to put on hold its production in response to the notification from the Public Service Geology and Mineral Resources of Ukraine regarding revocation of the special license for the subsoil use.
A listed British company, Regal Petroleum plc (part of Smart Energy Group) has informed its shareholders, overseas partners and other stakeholders about searches made by Ukrainian tax authorities at its representative offices in Ukraine. The Company believes that such actions are pointless and cause harm to the general investment climate in Ukraine.
Smart Energy Group suggests creating a register of corrupt law enforcement officers that would contain information about particular executors that carry out culpable orders, fabricate evidence and perform investigative actions in violation of procedural rules to unlawfully press on business. The Group expects that this initiative will be supported by investigative journalists and companies that resist outrage of law enforcement officials.
Smart-Holding Reports Threat to Gas Supply in Kharkov due to Operations of Group's Gas Producing Companies Being Blocked by Law Enforcement Authorities at the Start of the Heating Season10.11.2017
Using the law enforcement system, the authorities continue their consistent pressure on Smart-Holding’s business. Today, representatives of the State Fiscal Service, upon the initiative of the Prosecutor General's Office of Ukraine, are making searches at the gas producing companies of Smart Energy Group, at the head office and at its top executives' homes. Investigative activities are made in Kharkov and Kiev cities, as well as in Poltava region in the framework of investigation of the alleged fictitiousness of Smart Energy and, as a consequence, of the alleged tax evasion by the companies of the group.