EANS-News: C.A.T. oil AG / C.A.T. oil´s 2011 order book peaks at EUR 222 million

- Top 5 customers placed sidetrack drilling and hydraulic fracturing
orders worth EUR 222 million for 2011
- Outstanding track record and
proven service quality acknowledged by
customers

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Company Information

Subtitle: - Top 5 customers placed sidetrack drilling and hydraulic
fracturing orders worth EUR 222 million for 2011 - Outstanding track
record and proven service quality acknowledged by customers

Vienna (euro adhoc) - January 20, 2011 - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gasfield
services in Russia and Kazakhstan, has successfully accomplished the
2011 tendering campaign: as of 20 January 2011, the company´s order
book reached EUR 222 million (based on a rouble-to-euro exchange rate
of 40). In the past fiscal year C.A.T. oil had already been able to
secure assignments for 2012, thereby bringing the total volume of
orders to EUR 259 million for 2011 and 2012.

Manfred Kastner, CEO of C.A.T. oil, said: "We are very proud of the
tender period for 2011 and have set a good basis with an order book
volume of EUR 222 million. Our outstanding track record and proven
service quality, as well as the economic recovery and increase in
demand for oil and gasfield services served as main drivers for this
success and reflect that our customers acknowledge C.A.T. oil as
reliable supplier."

In 2011 and 2012 C.A.T. oil will invest EUR 150 million to expand its
sidetrack drilling activities and to establish conventional drilling
as a third business. Two newly purchased sidetrack drilling rigs are
currently being mobilized to Rosneft´s well sites in the Yugansk area
and will be put into operations next month. The addition of these
two new rigs constitutes an increase of approximately 13% in C.A.T.
oil´s sidetrack drilling operations and pushes the capacity to a
total of 17 rigs.

As part of the establishment of the third core business conventional
drilling, C.A.T. oil has ordered nine conventional drilling rigs to
offer high-class onshore drilling services. One third of the
equipment is scheduled to be delivered to Russia in the second half
of 2011 and thus represent additional upside potential for growth.

"In total, our successfully realized tendering campaign sets the
stage for additional growth. Historically we have been able to book
in advance approximately 80% of each year´s annual sales.
Implementing conventional drilling in our portfolio will also
position us for additional growth," Manfred Kastner said.

C.A.T. oil will publish its results for Fiscal Year 2010 on April 28,
2011.

www.catoilag.com

Press contact:
FD

Carolin Amann
Tel.: +49 (0)69 92037-132
Email: carolin.amann@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 unexploited oil
fields accessible. The Company´s growth is driven by the following
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 will establish conventional drilling as third core service
which allows to activate completely unexploited 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 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. In November
2010, the Company introduced a comprehensive investment program with
a volume of EUR 150 million which will mainly be used to set up
conventional drilling as part of the Company´s service portfolio.
Furthermore, C.A.T. oil offers 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
provider since its market entrance in the early nineties.

The Company has its headquarters in Vienna and employed an average of
2,427 people on 30 September 2010, most of whom are based in Russia
and Kazakhstan.

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