Oil And Gas Exploration and Production Controls 65% Of Golf Shabla AD

Joint stock company Golf Shabla has been filed with the Commercial Register following a decision of the District court of Dobrich dated 4 September 2007. Oil and Gas Exploration and Production () controls 66,194 shares (65%) of its capital, BSE reports.

Gof Shabla's core activity includes organization of sports and recreation events and activities, tourist services, development of golf courses and adjacent facilities, services in the area of hotels and restaurants; real estate construction, development, sales and purchases; advertising, consultancy and information services; marketing and engineering; commercial representation and agency.

Its capital stands at 10.183 mln leva (5.206 mln euros), allocated in 101,837 registered, paper, voting shares with a face value of 100 leva.

51% of the capital (5.219 mln leva) has been deposited at company registration, and the rest has to be deposited by shareholders within 2 years of the company's establishment.

Golf Shabla AD will be managed by a General Meeting of Shareholders, and a Board of Directors that includes Marian Mitev, Tanya Parusheva, Nikolay Nikolaev, Pavel Germanov, Dimitar Arnaudov, Georgi Tritakov, and Plamena Marinova. Marin Mitev is CEO.

The stock of Oil and Gas Exploration and Development was traded at levels between 13.90 and 14 leva yesterday.

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