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Petro Welt Technologies AG

C.A.T. oil successfully enters new markets

Baden/Vienna (euro adhoc) -

•	New international projects through subsidiary CAToil-GEODATA
•	Expansion of activities to India, Nigeria and Argentina
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
September 28, 2007 - C.A.T. oil AG (O2C,
ISIN: AT0000A00Y78), one of the leading providers of oil and gasfield
services in Russia and Kazakhstan, further advances its 
diversification process and geographical expansion by launching 
international operations in India, Nigeria and Latin America through 
its new subsidiary CAToil-GEODATA.
CAToil-GEODATA provides high-margin geotechnical services such as 
2D/3D seismic and reservoir engineering to Russian and international 
oil and gas majors. In addition to its strong market position in the 
Russian oil and gas industry, the Company faces increasing demand 
from customers abroad.
C.A.T. oil has successfully entered new markets and has recently been
awarded with new contracts from international customers with an 
overall volume of EUR 15 million. These include 2D/3D seismic 
projects in India and Nigeria. Mobilization will start in Q4 2007 and
will be completed within H1 2008. Additionally, the Company has 
already launched a consultancy project for an European oil and gas 
major in Argentina to optimize client´s local oil and gas production.
Surveys and interpretation of comprehensive seismic data will be 
conducted in the CAToil-GEODATA research centers in Russia.
Manfred Kastner, CEO of C.A.T. oil AG, outlined: "In view of scarcity
of energy reserves the systematic collection and interpretation of 
seismic data are getting more and more important for the global 
production of oil and gas. As a consequence, the geotechnical service
sector is facing increasing demand and strong growth. With clear 
double-digit margins CAToil-GEODATA´s high-quality seismic and 
reservoir engineering services represent a lucrative and important 
enhancement of our service portfolio. Through this product 
diversification we gain additional strategic access to important new 
customers and markets and thus accelerate the geographical expansion 
of C.A.T. oil."
www.catoilag.com
About C.A.T. oil AG: Austria-based C.A.T. oil AG (O2C, ISIN: 
AT0000A00Y78) is one of the leading providers of oil- and gasfield 
services in Russia and Kazakhstan. C.A.T. oil´s core business is 
hydraulic fracturing, a process which helps to open up oil- and 
gas-bearing rock formations in order to increase or even enable oil 
and gas production. The C.A.T. oil crews use state-of-the-art methods
and technologies to generate high pressure in the oil or gas 
reservoirs concerned. This pressure causes cracks to appear in the 
rock through which oil or gas can be produced in larger quantities 
from the production well, and hence efficiently boosts extraction, 
particularly in the case of deposits that are difficult to develop or
low-output wells. In addition, hydraulic fracturing can be used to 
revitalize wells that have previously been idle.
The Company has its headquarters Baden/Vienna and employed an average
of 2,875 people in the first half of financial year 2007, most of 
whom are based in Russia and Kazakhstan. Customers include leading 
oil and gas producers such as Gazprom, KazMunaiGaz, LUKOIL, Rosneft, 
and TNK-BP. C.A.T. oil has been listed in the Prime Standard of the 
Frankfurt Stock Exchange since May 4, 2006, and has been a member of 
the SDax since September 18, 2006.
end of announcement                               euro adhoc 28.09.2007 12:30:00

Further inquiry note:

Press contact:
A&B Financial Dynamics
Dr. Lutz Golsch Claudia Werth
Tel.: +49 (0)69 92037-110 Tel.: +49 (0)69 92037-114
Email: l.golsch@abfd.de Email: c.werth@abfd.de

Branche: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
WKN: A0IKWU
Index: Classic All Share, Prime All Share, SDAX
Börsen: Börse Frankfurt / official dealing

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