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EANS-News: C.A.T. oil AG
C.A.T. oil AG extends sidetrack drilling contracts with core customers

Vienna (euro adhoc) -

- Increase of 2009 order book volume by approx. EUR 14 million 
to EUR 228 million
- Sidetrack drilling remains C.A.T. oil’s fastest growing business
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
Utl.: - Increase of 2009 order book volume by approx. EUR 14 million
to EUR 228 million
- Sidetrack drilling remains C.A.T. oil’s fastest growing business
September 28, 2009 - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gasfield 
services in Russia and Kazakhstan, has extended its existing 
sidetrack drilling contracts with several core customers of the 
Company such as Gazprom Neft, TNK-BP and Rosneft. The additional 
orders increase the 2009 order book by approximately EUR 14 million 
or 6.5% to EUR 228 million, assuming an average EUR/RUR exchange rate
of 44.5.
As a result, sidetrack drilling remains C.A.T. oil´s fastest growing 
business line, with a 43% YoY growth in job count in 2009. The 
extended contracts are a further step towards the Company´s target to
increase its market position in sidetrack drilling services to more 
than 20%.
Manfred Kastner, CEO of C.A.T. oil AG, said: "Despite the still 
challenging conditions in the sidetrack drilling market, C.A.T. oil 
has proven again its ability to expand its operations against the 
general market trend. The extension of the sidetrack drilling 
contracts with our core customers demonstrates our strong 
relationship to our customers who appreciate our superior Integrated 
Project Management services. This fuels our confidence to attain the 
Company´s strategic goal of becoming Russia´s number one sidetrack 
drilling service provider by market share."
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:
Financial Dynamics GmbH
Carolin Amann                   Lucie Kimmich
Tel.: +49 (0)69 92037-132       Tel.: +49 (0)69 92037-183
Email:  carolin.amann@fd.com     Email:  lucie.kimmich@fd.com
About C.A.T. oil AG:
C.A.T. oil AG is one of the leading providers of oil and gas field 
services in Russia and Kazakhstan and is listed at the Frankfurt 
Stock Exchange (SDAX). C.A.T. oil offers a wide spectrum of services 
to increase the lifecycle of an oil field or to make abandoned oil 
fields accessible. The Company´s growth is driven by three 
significant factors: Existing oil fields need to be stimulated due to
shrinking oil and gas resources in order to optimize capacities. 
Simultaneously, idle wells are reactivated or made accessible through
new methods in order to deploy wells to their maximum. Additionally 
C.A.T. oil offers seismic services which help to identify new oil and
gas sources.
Since its foundation in 1991 in Celle, Germany, C.A.T. oil has built 
up a leading hydraulic fracturing services business with a current 
market share of almost 30% in Russia and Kazakhstan. Following its 
IPO in 2006 the company has invested more than EUR 200 million in 
additional services and capacities: sidetrack drilling has become the
Company´s second core business with a market share of approx. 18% in 
Russia. Apart from the services mentioned above, C.A.T.oil´s 
diversified service portfolio includes coiled tubing, formation 
evaluation services, well work-over, cementing and seismic services. 
Due to the recent expansion investments C.A.T. oil´s fleets and rigs 
are state-of-the-art and therefore allow for time-efficient and 
effective deployment. C.A.T. oil´s customer base includes the leading
Russian and Kazakh oil and gas producers amongst them Gazprom, 
KazMunaiGaz, LUKOIL, Rosneft and TNK-BP. With all of them C.A.T. oil 
has a long-standing relationship and has been a reliable service 
provider since its market entrance in the early nineties.
The Company has its headquarters in Vienna and employed an average of
3,104 people in the first half of 2009, most of whom are based in 
Russia and Kazakhstan.

Further inquiry note:

Lucie Kimmich
Tel.: +49 (69) 920 37-183
E-Mail: lucie.kimmich@fd.com

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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