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(BTC.L) Baltic Oil Terminals PLC Buy/Sell

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Date/Time	Headline	Source
1
05-11-09	BRIEF-Baltic Oil Terminals Rosbunker throughput strong	AFX UK Focus
LONDON, Nov 5 (Reuters) - Baltic Oil Terminals Plc: ROSBUNKER UPDATE: STRONG THROUGHPUT IN OCTOBER PRE-BOOKINGS OF CLIENT PRODUCT AT HIGH FOR TIME OF YEAR ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
05-11-09	Baltic Oil Terminals - Rosbunker Update: Strong Throughput in October	RNS
RNS Number : 9961B Baltic Oil Terminals Plc 05 November 2009 5 NOVEMBER 2009 Baltic Oil Terminals PLC ("Baltic" or "the Group") Rosbunker Update: Strong Throughput in October Baltic owns and operates oil product terminals in the strategically vital Russian port of Baltysk, Kaliningrad on the Baltic Sea and through its subsidiaries is engaged in matched refined oil product trading. Baltic reported at the end of September that trading conditions at the Rosbunker terminal had improved considerably since the summer, with significant throughput of oil products expected during October. Baltic is now pleased to confirm that over a thousand railcar tankers transported oil products to the Rosbunker terminal from sources throughout Russia and the FSU in October. This resulted in over 60,000 tonnes of product being trans-shipped through the terminal, the highest ever monthly volume of product achieved. Pre-bookings of client product are higher than any previous level achieved at this time of year, even though the Volga River, which competes with the port of Kaliningrad, has not yet frozen, due to the late commencement of winter. When the Volga River closes, Kaliningrad assumes a monopolistic position in the export of oil products through the Baltic Sea. Enquiries: `Baltic Oil Terminals plc Tel: +44 (0)20 3145 1908` Simon Escott, Chief Executive `Arbuthnot Securities Limited Tel: +44 (0)20 7012 2000` Alastair Moreton, Corporate Finance Pelham PR `Archie Berens Tel: +44 (0)20 7337 1509 / +44 (0)7802 442486` About Baltic Oil Terminals Over the last four years, Baltic has built up a terminals business in the Russian ports of Baltysk and Kaliningrad. A separate enclave located between Poland and Lithuania, Kaliningrad is Russia's only year round access to the Baltic Sea. Other ports in the region, such as St Petersburg, are frozen for much of the winter, as are many rivers, including the Volga River, one of the most significant commercial waterways in the world. As Russia relies on year round export of its vast supplies of petroleum products, Kaliningrad is thus a trading centre of major strategic importance. Baltic's key asset is a 50% interest in the Rosbunker terminal, which is located at Baltysk, right on the Baltic Sea at the mouth of the Pregol River leading into Kaliningrad. It is the only port in the region at which all types of ship can take on cargo, as the channel into Kaliningrad is too shallow for many vessels. Trains are able to deliver products from all over Russia, the Former Soviet Union and Asia directly to the terminal. Since 2007, the Rosbunker terminal has been handling consignments of oil refined products, specialising in fuel oil (mazut), a product that requires heating and special equipment and as such is not handled by other terminals in the area. Baltic earns tolling fees for processing the unloading of cargo from trains into storage tanks and then onto vessels. Baltic is also able to trade in these products in its own right, taking advantage of local price differences. Since the financial crisis in Russia, this market has become increasingly interesting to Baltic. Baltic's transportation and trading activities utilises its extensive network of industrial partners and refineries. In addition to Rosbunker, Baltic also has interests in several other oil product assets in Kaliningrad, which derive revenues through processing and distribution of oil products to domestic markets. Baltic's executive management have a wealth of experience of the oil services industry. The team has worked in the industry for more than 40 years, constructing and operating oil rigs, terminals and other infrastructure in world wide locations, including the Former Soviet Union. Baltic has been listed on AIM since May 2006. It is headquartered in Kaliningrad, with a small representative office in London. This information is provided by RNS The company news service from the London Stock Exchange END MSCDDBDBLBGGGCS More
30-09-09	Baltic Oil Terminals - Half Yearly Report	RNS
RNS Number : 9107Z Baltic Oil Terminals Plc 30 September 2009 30 SEPTEMBER 2009 Baltic Oil Terminals PLC ("Baltic" or "the Group") Half Year Report for 6 months ended 30 June 2009 Baltic owns and operates oil product terminals in the strategically vital Russian port of Baltysk, Kaliningrad on the Baltic Sea and through its subsidiaries is engaged in matched refined oil product trading. HIGHLIGHTS GROUP NOW ENTIRELY FOCUSED ON TERMINAL OPERATION AND PRODUCT TRADING: OFFICIAL RECLASSIFICATION AS A TRANSPORTATION SERVICES COMPANY `* Development of lower volume, higher margin trade business` `* 57% reduction in administrative costs from £3.3m in H1 2008 to £1.4m in H1 2009` NET LOSS FOR THE PERIOD REDUCED TO &POUND;1.1 MILLION (NET LOSS OF &POUND;5.1 MILLION INCLUDING WRITE OFFS IN H1 2008) `* Since period end, significant improvement in trading conditions in Kaliningrad` `* Agreement with Swiss trading company to ship over 100,000 tonnes of fuel oil in Far East` Simon Escott, Chief Executive of Baltic, commented: "The first half of 2009 was tough for Baltic, as we expected. We spent the period carefully managing our costs and reducing our cash burn. Since then, however, the signs have been much more encouraging: various trading contracts have been entered into and we are seeing more throughput at the Rosbunker terminal. "President Obama's decision to abandon plans for a missile shield in Eastern Europe has had a noticeable and immediate impact in terms of activity and sentiment in Kaliningrad. We are about to start the winter season, which is when Kaliningrad enjoys a monopolistic position in terms of Russian exports into the Baltic Sea. We therefore have good grounds for optimism for the remainder of the year and are confident that the conditions are right for a major breakthrough for the Company." Enquiries: `Baltic Oil Terminals plc Tel: +44 (0)20 7034 7030` Simon Escott, Chief Executive `Arbuthnot Securities Limited Tel: +44 (0)20 7012 2000` Alastair Moreton, Corporate Finance Pelham PR `Archie Berens Tel: +44 (0)20 7337 1509` `Evgeniy Chuikov Tel: +44 (0)20 7337 1513` `About Baltic Oil Terminals` Over the last four years, Baltic has built up a terminals business in the Russian ports of Baltysk and Kaliningrad. A separate enclave located between Poland and Lithuania, Kaliningrad is Russia's only year round access to the Baltic Sea. Other ports in the region, such as St Petersburg, are frozen for much of the winter, as are many rivers, including the Volga River, one of the most significant commercial waterways in the world. As Russia relies on year round export of its vast supplies of petroleum products, Kaliningrad is thus a trading centre of major strategic importance. Baltic's key asset is a 50% interest in the Rosbunker terminal, which is located at Baltysk, right on the Baltic Sea at the mouth of the Pregol River leading into Kaliningrad. It is the only port in the region at which all types of ship can take on cargo, as the channel into Kaliningrad is too shallow for many vessels. Trains are able to deliver products from all over Russia, the Former Soviet Union and Asia directly to the terminal. Since 2007, the Rosbunker terminal has been handling consignments of oil refined products, specialising in fuel oil (mazut), a product that requires heating and special equipment and as such is not handled by other terminals in the area. Baltic earns tolling fees for processing the unloading of cargo from trains into storage tanks and then onto vessels. Baltic is also able to trade in these products in its own right, taking advantage of local price differences. Since the financial crisis in Russia, this market has become increasingly interesting to Baltic. Baltic's transportation and trading activities utilises its extensive network of industrial partners and refineries. In addition to Rosbunker, Baltic also has interests in several other oil product assets in Kaliningrad, which derive revenues through processing and distribution of oil products to domestic markets. Baltic's executive management have a wealth of experience of the oil services industry. The team has worked in the industry for more than 40 years, constructing and operating oil rigs, terminals and other infrastructure in world wide locations, including the Former Soviet Union. Baltic has been listed on AIM since May 2006. It is headquartered in Kaliningrad, with a small representative office in London. `Baltic Oil Terminals plc` Half year report for 6 months ended 30 June 2009 Chairman's Statement Introduction As we reported in our year end announcement, the economic and political climate at the end of 2008 and the start of 2009 made operating conditions in Kaliningrad very difficult. This inevitably affected Baltic's performance in a period that should have been ideal for our terminal business. One of the main problems was the slowness of the Russian authorities to lower the export tax on refined products. This continued further into 2009 than had been expected by anybody in the industry. This reluctance to make a decision cost the country billions of dollars and affected all export terminals, the Russian railways and, most of all, the Russian refineries. By the middle of the summer, however, the operating environment in Russia and the FSU had improved, following an eventual relaxing of export taxes. Due to the efforts of our operational and sales teams, real progress is being made in the second half of the year, with significant throughput through both terminals and a very large increase in trading revenues for the third quarter. As part of the ongoing transformation of Baltic into a fully fledged infrastructure and terminals business, Baltic has now been reclassified by the FTSE Actuaries Committee under Transportation Services. The Company's shares will be listed in the Financial Times under Industrial Transportation. Financial Results In a very difficult trading period, Baltic was able to reduce its net loss for the first six months to £1.1 million, compared with a net loss of £5.1 million for the corresponding period in 2008 (£1.7 million before write-offs). A change in the accounting treatment of trading revenue reflects the move away from our original volume driven business model. Because of the way we trade product, there is an apparent fall in revenues in absolute terms, although considerably higher margins are achievable. The comprehensive cost cutting that was carried out at the end of 2008 was increased further during the beginning of 2009, with a 56.9 % reduction in administrative costs from £3.3 million in the first of 2008 to £1.4 million. Our cash burn has significantly reduced again, with no impact on efficiency in our terminals, although some extra operators will be hired during October to cope with the recent increase in throughput. As at 30 June 2009, the Group's bank balances amounted to £327,000. Given the change in the trading model and the reduction in cash burn, this was felt to be more than sufficient. Since that date, steps have been taken to bolster the cash position of the company and levels of available cash, should it be needed. Baltic has no external bank debt, nor any other type of debt repayment mechanisms in place. It is also pleasing to note that since the period end, cash balances have risen to £465,000. Legal Action by former director The company announced on 1 June 2009 that Mr Vladimir Gavrilov, a former director of the company whose employment had been terminated in January 2009, had commenced legal action against the company for repayment of a purported trading loan. The company has robustly denied that any liability exists and has made a vigorous defence against this action. At the same time the Company has commenced a counter claim for a sum far exceeding that claimed to be owed to Mr Gavrilov and is confident of the merit of this claim. Review of Operations Rosbunker Due to the factors described above, performance in the first half of 2009 was disappointing. However, since then, conditions have improved rapidly and the outlook for October onwards is very bright. Pre-booked throughput for October stands at around 35,000 tons of client product, plus between 10,000 and 20,000 tons of Baltic sourced products to be shipped though the terminal. With the onset of winter and the closure of the Volga River, we see no reason why throughput should not increase further, with the terminal capable of shipping significant quantities of product through into 2010. Baltic Top Although trading conditions have remained very tough in Kaliningrad region, with most service station sales down by around 40%, we have continued to remain profitable and the terminal is full on a constant basis. Baltic Top has no external debt. It has a small loan to the Baltic Group and this is being paid off on a regular basis out of operating cash flows. Management is studying plans to increase the volume through the terminal by night deliveries, a plan that was already in place but was shelved because of the economic crisis. Baltic Hydrocarbons The contracts already announced have been augmented by a further important joint venture contract recently signed by Baltic Hydrocarbons and a Swiss trading group. This contract is for Fuel Oil and Diesel and will allow BHL to trade at least 100.000 tons over the next ten to fifteen days, and then on a regular month to month basis. This represents a major milestone for our trading team. As the Volga River closes, supplies of Fuel Oil originating in Russia will become easier to source and ship through the Rosbunker terminal and although quantities are still not as high as we would like, a significant improvement is being seen in late September through October contracts. Current Trading and Outlook The economic and political outlook that was so bleak at the end of 2008 and which continued into 2009 has taken a significant turn for the better in the third quarter of 2009. The export tax regime has been modified to allow export of refined product, especially fuel oil, at a profit and this has resulted in an immediate increase in business through the Rosbunker terminal, as reported above. The Company has recently signed a significant Joint Venture agreement with a Swiss Trading company the result of which will be over 100,000 tons of fuel oil and diesel being shipped over the next ten days. This represents a major milestone for the trading group. The decision by President Obama to cancel the missile shield program in Eastern Europe has already resulted in a real and positive improvement in the relations with the Navy in Baltysk and the authorities in Kaliningrad. This will be of considerable assistance in increasing throughput and trading in the remainder of the year. As previously stated, recent trading results give the management team strong grounds for optimism for the remainder of the year and confidence in the group's prospects. `Richard Healey Simon Escott` `Chairman Chief Executive` `30 September 2009 30 September 2009` `Baltic Oil Terminals plc` Half year report for 6 months ended 30 June 2009 Financial Overview Overview Baltic has worked hard to reduce costs in the face of a recessionary economy. During 2009, the Company has adapted its approach to trading in order to better support the Company and the results are reflected in the 2009 interim financials. In 2008, the Company was focused on high volume, low margin trades in order to supply product to the Rosbunker terminal. For 2009, the Company has been concentrating on developing a lower volume, higher margin trade business. Revenues for the current year reflect the change in focus as revenues through June are £6.2 million, compared with £25.9 million for the same period in 2008. As a result, Baltic has also been able to reduce the loss before tax for the 6 month period to £1.2 million in 2009, compared to the £1.7 million loss (before write-off of exploration costs) in 2008. A substantial benefit of the change in approach has allowed the Company to substantially lower administrative costs during the 6 month period for June 2009 to £1.4 million in 2009 as compared to £3.3 million through June 2008, a reduction of 56.9%. The Company has also been less reliant on operating cash. The reduction in operating cash has been used to reduce the number of outstanding creditors. Currency The majority of the underlying costs and revenues are in US Dollars, but with some elements being exposed to local currencies. Where possible, risks relating to local currencies are mitigated contractually by tying cost to the US Dollar, or offset with local assets/liabilities. The fluctuation in currencies for the 6 months ended June 2009 has caused a reduction in the recorded valuation in fixed assets of £2.4 million. `Baltic Oil Terminals plc` Condensed consolidated statement of financial position As at 30 June 2009 `Unaudited Unaudited Restated - Audited` `30 June 30 June 31 December 2008` 2009 2008 `£'000 £'000 £'000` Non current assets `Intangible assets 2 - 3` `Property, plant and equipment 13,877 16,302 16,561` `Investments in associates 1,189 1,189 1,189` `Goodwill 2,671 2,599 2,680` `17,739 20,090 20,433` Current assets `Inventories 858 1,024 1,019` `Prepayments and other current 2,030 1,951 2,471` assets `Trade and other receivables 1,480 3,924 1,681` `Cash and cash equivalents 327 3,477 1,106` `4,695 10,376 6,277` `TOTAL ASSETS 22,434 30,466 26,710` `Share capital 571 558 558` `Share premium 40,559 40,539 40,559` `Other reserves - Equity - 2,459 2,806 2,459` share options `Other reserves - Equity - (965) (223) 671` foreign exchange reserves `Retained losses (27,595) (25,619) (26,472)` `Total equity 15,029 18,061 17,775` Non current liabilities `Deferred tax liability 1,079 2,306 1,407` `1,079 2,306 1,407` Current liabilities `Trade and other payables 2,440 4,397 3,152` `Borrowings 3,886 5,702 4,376` `6,326 10,099 7,528` `Total liabilities 7,405 12,405 8,935` `TOTAL EQUITY AND LIABILITIES 22,434 30,466 26,710` `Baltic Oil Terminals plc` Condensed consolidated income statement For the 6 months ended 30 June 2009 `Unaudited Unaudited Audited` `6 months 6 months 12 months` `ended ended ended` `30 June 30 June 31 December 2008` 2009 2008 `£'000 £'000 £'000` `Revenue 6,162 25,923 46,858` `Cost of sales (5,916) (24,302) (45,396)` `Gross profit 246 1,621 1,462` `Exploration and evaluation - (3,627) (3,637)` costs `Administrative expenses (1,442) (3,344) (5,009)` `(1,196) (5,350) (7,184)` `Finance income - 51 66` `Finance costs (32) (37) (212)` `Loss before taxation (1,228) (5,336) (7,330)` `Tax credit 105 240 1,381` `Share of result of associate - - -` `Loss for the period (1,123) (5,096) (5,949)` Attributable to: `Equity shareholders of the (1,123) (5,096) (5,949)` Company `Minority interests - - -` `(1,123) (5,096) (5,949)` Loss per share attributable to equity shareholders of the Company `Basic and diluted (pence per (2.0) (9.3) (10.7)` share) `Baltic Oil Terminals plc` Consolidated cash flow statement For the 6 months ended 30 June 2009 `Unaudited Unaudited Audited` `6 months 6 months 12 months` `ended ended ended` `30 June 30 June 31 December 2008` 2009 2008 `£'000 £'000 £'000` Cash flows from operating activities `Group operating loss before (1,228) (5,336) (7,330)` taxation Adjustments to reconcile group operating loss to net cash ouflows from operating activities `Finance costs/(income) net 32 (51) 146` `Foreign exchange gains - (70) (139)` `Share based payment - 171 (176)` `Derivative financial - (17) -` instruments `Depreciation and impairment of 389 141 1,204` property, plant and equipment `Amortisation and impairment of - 3,409 3,574` intangible assets `Loss on disposal of property, - - 257` plant and equipment `Fair value gains on derivative - - (17)` financial instruments `(Increase)/Decrease in 51 (802) (794)` inventories `(Increase)/Decrease in trade (65) 405 1,887` and other receivables `Increase/(Decrease) in trade (296) (1,569) (524)` and other payables `Cash generated from operations (1,117) (3,719) (1,912)` `Income taxes paid - (47) (32)` `Interest paid (32) - (212)` `Net cash outflows from (1,149) (3,766) (2,156)` operating activities Cash flows from investing activities `Interest received - 51 66` `Purchase of property, plant (97) (444) (792)` and equipment `Proceeds from sale of - - 82` property, plant and equipment `Purchase of intangible assets - - (71)` `Purchase of joint venture - (2,577) (2,578)` interest, net of cash acquired `Repayment of loans issued - - 151` `Loans issued - (430) -` `Net cash outflows from (97) (3,400) (3,142)` investing activities `Baltic Oil Terminals plc` Consolidated cash flow statement (cont.) For the 6 months ended 30 June 2009 `Unaudited Unaudited Audited` `6 months 6 months 12 months` `ended ended ended` `30 June 30 June 31 December` 2009 2008 2008 `£'000 £'000 £'000` Cash flows from financing activities `Proceeds from shares issued 13 3,341 3,361` `Proceeds from borrowings 132 4,230 -` `Repayment of borrowings - - (475)` `Net cash inflows from 145 7,571 2,886` financing activities `Increase/(decrease) in cash (1,101) 405 (2,412)` and cash equivalents `Cash and cash equivalents at 1,106 2,953 2,953` beginning of period `Effect of exchange rate on 322 119 565` cash and cash equivalents `Cash and cash equivalents at 327 3,477 1,106` end of period Baltic Oil Terminals plc Condensed consolidated statement of comprehensive income For the 6 months ended 30 June 2009 `Unaudited Unaudited Audited` `6 months ended 6 months 12 months ended` `30 June ended 31 December 2008` `2009 30 June` 2008 `£'000 £'000 £'000` `Loss after tax attributable to (1,123) (5,096) (5,949)` the equity share owners for the financial period Other comprehensive income `Exchange differences on (1,636) 346 (94)` translating foreign operations `Other comprehensive income for (1,636) 346 (94)` the period, net of tax `Total comprehensive income for (2,759) (4,750) (6,043)` the period attributable to equity shareholders `Baltic Oil Terminals plc` Condensed consolidated statement of changes in equity For the period ended 30 June 2009 `Attributable to equity shareholders of the parent` `Share capital Share premium Share based payment Foreign currency Retained losses Total Minority interests Total equity` `reserve translation` `adjustment` `£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000` `At 1 Janaury 2008 476 33,195 2,635 (569) (20,515) 15,222 (8) 15,214` `Loss for the period - - - - (5,104) (5,104) 8 (5,096)` `Total comprehensive income for - - - - (5,104) (5,104) 8 (5,096)` the period `Shares issued during the period 82 7,344 - - - 7,426 - 7,426` `Share based payment reserve - - 171 - - 171 - 171` `Foreign exchange reserves - - - 346 - 346 - 346` `Transaction with owners 82 7,344 171 346 - 7,943 - 7,943` `At 30 June 2008 and 1 July 558 40,539 2,806 (223) (25,619) 18,061 - 18,061` 2008 `Loss for the period - - - - (853) (853) - (853)` `Total comprehensive income for - - - - (853) (853) - (853)` the period `Shares issued during the year - 20 - - - 20 - 20` `Share based payment reserve - - (347) - - (347) - (347)` `Foreign exchange reserves - - - 894 - 894 - 894` `Transaction with owners - 20 (347) 894 - 567 - 567` `At 31 December 2008 558 40,559 2,459 671 (26,472) 17,775 - 17,775` `Loss for the period - - - - (1,123) (1,123) - (1,123)` `Total comprehenisve income for - - - - (1,123) (1,123) - (1,123)` the period `Shares issued during the year 13 - - - - 13 - 13` `Foreign exchange reserves - - - (1,636) - (1,636) - (1,636)` `Transaction with owners 13 - - (1,636) - (1,623) - (1,623)` `At 30 June 2009 571 40,559 2,459 (965) (27,595) 15,029 - 15,029` This information is provided by RNS The company news service from the London Stock Exchange END IR PUUMCBUPBGRB More
28-08-09	Baltic Oil Terminals - Holding(s) in Company	RNS
RNS Number : 2337Y Baltic Oil Terminals Plc 28 August 2009 Baltic Oil Terminals PLC Disclosure of Holdings TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES `1. Identity of the issuer or Baltic Oil Terminals PLC` the underlying issuer of existing shares to which voting rights are attached: 2. Reason for the Notification -(please tick the appropriate box or boxes) `An acquisition or disposal of voting rights yes` `An acquisition or disposal of qualifying financial no` instruments which may result in the acquisition of shares already issued to which voting rights are attached `An acquisition or disposal of instruments with no` similar economic effect to qualifying financial instruments `An event changing the breakdown of voting rights no` `Other (please specify): no` `3. Full name of person(s) RAB CAPITAL PLC ACTING AS DISCRETIONARY` `subject to the notification MANAGER OF RAB SPECIAL SITUATIONS (MASTER)` `obligation: FUND LIMITED AND RAB ENERGY FUND LIMITED` 4. Full name of shareholder(s) CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED (if different from 3.): `5. Date of the transaction 25 August 2009` (and date on which the threshold is crossed or reached): `6. Date on which issuer 26 August 2009` notified: `7. Threshold(s) that is/are 13%, 12%, 11%` crossed or reached 8. Notified details: A: Voting rights attached to shares `Class/type of shares Situation previous to the Triggering Resulting situation after the triggering transaction` `transaction` If possible using the ISIN CODE `Number of Shares Number of Voting Number of shares Number of voting % of voting` `Rights rights rights` `Direct Direct Indirect Direct Indirect` `GB00B12V3082 8,335,052 8,335,052 n/a n/a 6,165,052 n/a 10.8%` B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial instrument Expiration date Exercise / Number of voting % of voting rights` `Conversion Period / rights that may be` `Date acquired if the` `instrument is` `exercised /` `converted.` Below 3% Below 3% C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial instrument Exercise price Expiration date Exercise/ Conversion Number of voting % of voting rights` `period rights instrument` `refers to` `Nominal Delta` Total (A+B) Number of voting rights % of voting rights `6,165,052 10.8%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: RAB Capital plc acts as investment manager for RAB SPECIAL SITUATIONS (MASTER) FUND LIMITED and RAB ENERGY FUND LIMITED. RAB Capital plc does not act as custodian for its clients and therefore the shares are held in the nominee name of the custodian of its clients, which is CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED. `28 August 2009` Enquiries: Baltic Oil Terminals plc `Simon Escott +44(0) 20 7034 7030` Pelham PR `Archie Berens +44(0) 207 337 1509` This information is provided by RNS The company news service from the London Stock Exchange END HOLUWVSRKKRWUAR More

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