Sibir claims that UK freezing order is attempt to destabilize the firm

May 11, 2005 02:00 AM

Sibir Energy, a UK independent oil and gas production company, declared that freezing order at England's High Court on the sale or purchase of its shares is an attempt to destabilize the firm.
The freezing order was made by law firm Class Law Solicitors, reportedly on behalf of a little-known UK-based company called Harley Street Capital, which is said to hold a very small £ 400 stake in Sibir.

Sibir Energy, which operates in Russia, says the case is connected to its joint ownership of Siberian oil operation Sibneft-Yugra.
The order prevents Sibir's parent firm Bennfield, and its owner Chalva Tchigirinski from selling or in any way dealing in Sibir shares, unless they pay £ 30 mm into court. Sibir said that the claimant was unknown to it.

Source: Neftegaz.RU
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