Timan OIL & GAS PLC (05352629): administration
- Status
- Administration ended
- Administration began
- 2013-06-17
- Administrators
- Adrian Charles Hyde, Kevin Anthony Murphy, Richard Howard Toone
- Administrators' firm
- Insolvency Practitioners of CVR Global
- Incorporated
- 2005-02-04
- Location
- Cardiff
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 4 February 2005 as a holding vehicle for its principal operating subsidiaries, namely, Nefigazopromysolvye Teknologi LLC (‘NGPT’) and Komuineftegas LLC (“KNG") Timan’s shareholdings in these subsidiaries are held through a wholly owned intermediate holding company, Timan Ol & Gas (Holdings) Limited (‘Holdings’), a company incorporated in Cyprus Through the Company's 80% owned subsidiary, Docom Investments Limited, a company registered in England & Wales, Timan also owns a majority stake in OJSC Geortemneftegas (“Geoterm’) A group structure chart showing our understanding of the current position of the group (s attached at Appendix A
The Company's registered office until recently was located at 7" Floor, 52-54 Gracechurch Street, London EC3V OEH The Company's bankers have at all times been HSBC Bank Plc ("HSBC")
The Company was admitted to the Alternative Investment Market of the London Stock Exchange ("AIM”) in December 2006 However, the Company's AIM listing was cancelled in December 2009
Administrators' statement of proposals (2013-08-16) · Companies House register