In Brief: PNiG; Stomil Sanok; Piasecki

Oil and gas concern, Poszukiwania Nafty i Gazu Kraków (PNiG), a member of the Polish Oil and Gas company, has signed a new contract for work in Kazakhstan. The firm will conduct drilling operations for Canadian concern Hurricane in the region of Kizylorda (Parkiet, p. 4) ...Stomil Sanok will issue 450,000 shares addressed to its management, at a price of zł. 0.01 each, which may later be converted into shares worth two złotys each. The company, however, will have to call a public bid for the purchase of all its shares at a price of EUR 15 per share (Parkiet, p. 3)... PIA Piasecki's receiver, has stated that he was optimistic about satisfying the demands of the bankrupt company's 410 creditors. Raising the funds to pay off the debt may take three or four years (Puls Biznesu, p. 5) J.K.