EANS-News: C.A.T. oil AG / C.A.T. oil wins two hydraulic fracturing tenders with LUKOIL

- 2010 order book increases by EUR 12 million to EUR 239 million
-
New tenders confirm management’s strategy of attracting more
‘multi-year’ contracts

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Company Information

Subtitle: - 2010 order book increases by EUR 12 million to EUR 239
million - New tenders confirm management’s strategy of attracting
more ‘multi-year’ contracts

Vienna (euro adhoc) - 05 July 2010 - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gas field
services in Russia and Kazakhstan, has been announced as the winner
of two tenders, through its operating subsidiary CATKoneft, for
hydraulic fracturing services in Western Siberia with one of its core
customers LUKOIL.

Assuming a new average EUR/RUR exchange rate of 39, the total value
of the pending contracts amounts to EUR 55 million over a two and a
half year period and results in an increase of the Company´s 2010
order book of EUR 12 million to a total volume of EUR 239 million. In
addition, the long-term nature of C.A.T. oil´s business model is
underlined by EUR 75 million in orders already contracted for 2011
and 2012, bringing the total order book volume to EUR 314 million
until the end of 2012.

Manfred Kastner, CEO of C.A.T. oil AG, said: "The new orders that we
have received from LUKOIL confirm the reputation we hold and the
expertise we have gained in hydraulic fracturing in the Russian
market. It also demonstrates our strong customer relationships, which
we will continue to deepen and expand. For the second half of 2010,
we expect additional orders to come in through new tenders and
successful extensions of the existing contracts."

With contract and tender offers completed for the first half of the fiscal year
2010, one fourth of C.A.T.oil´s hydraulic fracturing operating capacity has been
successfully locked up in multi-year service arrangements. This is consistent
with the management´s strategy of increasing the portion of multi-year contracts
in its overall order book, which will enhance the Company´s visibility of
long-term revenues and earnings.

www.catoilag.com

Press contact:
FD
Carolin Amann Lucie Maucher
Tel.: +49 (0)69 92037-132 Tel.: +49 (0)69 92037-183
Email: carolin.amann@fd.com Email: lucie.maucher@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 on 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 optimise 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 hy-draulic fracturing services business 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. 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. C.A.T. oil has a long-standing
relationship with these customers and has been a reliable service
pro-vider since its market entrance in the early nineties.

The Company has its headquarters in Vienna and employed an average of
2,557 people on 31 March 2010, most of whom are based in Russia and
Kazakhstan. The Company´s current order book for 2010 amounts to
approximately EUR 239 million.

end of announcement euro adhoc
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ots Originaltext: C.A.T. oil AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Lucie Maucher

Tel.: +49 (69) 920 37-183

E-Mail: lucie.maucher@fd.com

Branche: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
WKN: A0JKWU
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard