TMAN Timan

    RNS Number : 8179C
  Timan Oil & Gas Plc
  05 September 2008
   


    Timan Oil and Gas plc ("Timan" or the "Company")

    Appointment of Adviser

    Timan is pleased to announce the appointment, with immediate effect, of Renaissance Capital Limited ("Renaissance Capital") as its
financial adviser for the purposes of reviewing Timan's strategic options and arranging relevant financing.

    Renaissance Capital was established in 1995 and is the leading independent investment bank operating in Russia and the CIS. 

    Strand Partners remains Timan's Nomad and financial adviser.

    
    Enquiries to: 

    Timan Oil & Gas plc
    Alexander Kapalin, Chief Executive Officer
    David Herbert, Chairman
    +44 (0) 20 7661 9315

    Strand Partners Limited
    Rory Murphy
    +44 (0) 20 7409 3494

    Renaissance Capital Limited
    Vladimir Rusinov
    +7 (495) 258-7711 x7711 

    Background on Renaissance Capital

    The Financial Times and Mergermarket named Renaissance Capital the No 1 Financial Advisor for Russia in 2007. Examples of Renaissance
Capital's recent deals in the oil & gas sector include strategic sale of Itera's oil assets and Kondaneft; Initial Public Offering of Volga
Gas Plc on AIM market; restructuring and additional capital raising for Victoria Oil and Gas Plc.

    More information about Renaissance Capital can be found on its website www.rencap.com.

    
    

This information is provided by RNS
The company news service from the London Stock Exchange
 
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