EANS-News: C.A.T. oil AG increases 2011 order book to about EUR 239 million

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Company Information

Subtitle: - C.A.T. oil successfully obtained new service orders -
Extension worth EUR 8.5 million to the existing contract was awarded
by Rosneft to provide hydraulic fracturing services in West Siberia
- New three year contract with Lukoil worth EUR 61 million drives
sidetrack drilling business

Wien August 19, 2011 (euro adhoc) - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gas field
services in Russia and Kazakhstan successfully secured additional
orders for sidetrack drilling and hydraulic fracturing services from
its two long-term customers Rosneft and Lukoil. The two new orders
not only increase the volume of C.A.T. oil´s current year order book
to EUR 239 million, but already include contracts for the years 2012
through to 2014.

The extension to the existing contract with Rosneft comprises
hydraulic fracturing services worth around EUR 8.5 million. These
additional jobs are scheduled for H2 2011 in West Siberia.

C.A.T. oil was also able to secure a significant sidetrack drilling
order with Lukoil. The three year contract has a value of EUR 61
million and the services will be rendered in 2012 through to 2014 in
West Siberia.

The new contracts have had a positive impact on the Company´s 2011
order book volume, which increased to EUR 239 million from EUR 230
million. The total order book expanded to EUR 337 million from EUR
267 million (based on a rouble-to-euro exchange rate of 40). The
Company anticipates that its full year 2011 revenues will surpass the
current order book level for 2011 thanks to further job assignments
by customers in the second half of the year.

Manfred Kastner, CEO of C.A.T. oil, commented: "These significant
order wins underline our ability to capitalize on our strong market
position, reputation and customer relationships. We are particularly
proud to have secured orders throughout the fiscal year 2014. This
not only gives us a good degree of visibility going forward, but also
confirms our decision to further expand our capacities in a highly
attractive market."

C.A.T. oil will publish its Q2 results 2011 on August 30, 2011.

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 longstanding 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 2,362 people on 31 March 2011, most
of whom are based in Russia and Kazakhstan www.catoilag.com

Further inquiry note:
Carolin Amann
phone: +49(0) 69-92037132
E-Mail: carolin.amann@fd.com

end of announcement euro adhoc
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company: C.A.T. oil AG
Kärtner Ring 11-13
A-A-1010 Wien
phone: +43(0) 1 535 23 20 - 0
FAX: +43(0) 1 535 23 20 - 20
mail: ir@catoilag.com
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English