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EANS-News: C.A.T. oil AG
C.A.T. oil AG receives additional sidetrack drilling order by LUKOIL

Wien (euro adhoc) -

- Increase of 2009 order book volume by about EUR 10 million 
 to 
approx. EUR 198 million
 - Further step towards C.A.T. oil’s target 
to increase market position in sidetrack drilling services to more 
than 20%
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
companies
May 14, 2009 - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gasfield 
services in Russia and Kazakhstan, through its operating subsidiary 
CATOBNEFT, received an additional sidetrack drilling order for Fiscal
Year 2009 by LUKOIL. The new service assignment is worth about EUR 10
million (assuming a Rouble-to-Euro exchange rate of 48), thereby 
increasing C.A.T. oil´s 2009 order book volume to approx. EUR 198 
million. The sidetrack drilling jobs will be carried out in the 
Kogalym area and will lead to an allocation of two of C.A.T. oil´s 
sidetrack drilling rigs to LUKOIL´s well sites in West Siberia, 
thereby strengthening C.A.T. oil´s presence in this region.
Manfred Kastner, CEO of C.A.T. oil AG, said: "In light of the 
currently chal-lenging market environment we are proud of having 
received this additional order by LUKOIL which has been our client 
for more than 15 years and is Russia´s largest oil producer. This 
contract demonstrates yet again our strong customer relationship, as 
well as our operating performance. Thanks to our state of the art 
sidetrack drilling rigs with an average age of less than three years 
we are able to provide efficient services which are even more 
important in economically difficult times. We see our Company well 
prepared to work on our 2009 objective which is to increase our 
market share in sidetrack drilling in the Russian market to more than
20%."
Over the past few years C.A.T. oil has significantly expanded its 
sidetrack drilling capacities from two rigs in 2006 to ten in 2007 
and 14 by the end of 2008. Sidetrack drilling has been growth driver 
number one in 2008 and sidetrack drilling job counts went up by 
165.7% YoY, making C.A.T. oil the fastest growing company in this 
business in Russia.
www.catoilag.com
Press contact:
A&B Financial Dynamics
Carolin Amann                           Lucie Kimmich
Tel.: +49 (0)69 92037-132               Tel.: +49 (0)69 92037-183
Email:  c.amann@abfd.de                  Email:  l.kimmich@abfd.de
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 in Vienna and employed 3,621 people 
at the end of 2008, 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

Further inquiry note:

Lucie Kimmich
Tel.: +49 (69) 920 37-183
E-Mail: l.kimmich@abfd.de

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

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