“We are delighted that our IPO has been so positively received by investors. The offering will allow us to continue with our exploration and development programme in Russia and provide flexibility to our capital structure. Becoming a public company has been an important milestone for us as we move towards our goal of creating value for shareholders through exploitation of existing assets and further acquisitions. We look forward in the coming years to demonstrating shareholder value, and contributing to the long-term growth of the Russian economy and its standing within the international investment community."