Pundit predict Petrolinvest IPO will be a hit

A debut on the stock exchange is planned for H1. One of the things that is to attract investors is the fact that Krauze bought oil deposits in Kazakhstan and Russia estimated at 2 billion barrels through Petrolinvest. The company also received permission to exploit those deposits. Petrolinvest will spend USD 800 million on the whole project. High oil prices on the world market means that this investment is very profitable. According to experts there will be many investors lining up to buy the shares. The money raised from the issue will be spent on development and increasing the company's capital.Other companies are also thinking about deposits in Kazakhstan. Later this month President Lech Kaczynski will pay a visit to Kazakhstan during which he will be talking about giving access to Polish companies to their oil deposits. PKN Orlen is the company which stands to benefit most from those talks. The company has been conducting talks with the Kazak government for some time now but without success. (Puls Biznesu p. 6) M.M.