The Novel Challenge for Premier Energy in the Securities Purchase Agreement

Premier Energy Corp., a United States based global gas and oil company under the

comprehensive organization of the Florida State laws, did announce entering into a Securities Purchase Agreement with the limited liability company that is incorporated courtesy of the Russian federation, the Rossgaz LLC. This gives Premier Oil the chance to acquire all the outstanding and issued securities at Speckrit LLC that Rossgaz owns. With the acquisition of the securities at Speckrit LLC, which is also a limited liability company that is incorporated within the Russian Federation, Premier Energy will be in position to make use of the 20-year exploitation and exploration license that was granted in the year 2005. The license gives the company the right to explore and exploit oil and gas in the South-Chernushinskoye oil Field within the Perm Area. The agreement is a sure win for Premier Energy, since Speckrit owns 100 percent of the existing processing and oil production facilities at the Perm Area Field. It also has all the export rights to any foreign refinery destination. In addition to this web of intricate oil and gas business, Alba Oil LLC, another company incorporated within the Russian Federation, does hold an exploration and exploitation 20-year license that was offered in 2003 for Tyumen Regions North-Sorokinskoye Field. The success story that is Premier Oil is courtesy of elaborate effective measures, from the founders, investors and shareholders, entities that have made the company to soar in terms of investments and new deals that will take it far into the oil and gas business, which is becoming lucrative everyday. However, recent events have made it clear that Premier Energy Corp. sets to widen its wholesome presence as it increases gas, condensate and oil production within Russia. This is after Premier Energys recent acquisition of the Karbon CJSC, 100 percent interest. Karbon is generally an incorporated company within the Russian Federation and is a closed joint stock company. With the Karbon deal, premier will have the grace to soar with the production and exploration license in the Orenburg region, North-Kopanskoye Field within the Volga-Urals Basin. The entire interest that was acquired by Premier Energy was from Auxerre Trading Ltd. With these agreements and acquisition, a 75 year gained experience will be soaring in the near future, as the company keeps on opening novel heights in the oil and gas business. Only an international company with such a robust potential and a winning team can maintain its global presence, and Premier Energy is one of the few. It is the reason it does not take new technologies for granted, just as it hardly compromises with deals, such as the Karbon acquisition. With the oil and gas business becoming lucrative with each passing day, Premier Energy has realized the need to contain uncertainties through analysis of past and recent trends, in terms of raising capital and observing closely the global and local economic trends and conditions that are seen each day.

The Novel Challenge for Premier Energy in the Securities Purchase Agreement

By: JohnSmith

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