EANS-News: C.A.T. oil AG / C.A.T. oil AG extends sidetrack drilling contracts with core customers

- Increase of 2009 order book volume by approx. EUR 14 million

to EUR 228 million

- Sidetrack drilling remains C.A.T. oil’s fastest growing business

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Company Information

Utl.: - Increase of 2009 order book volume by approx. EUR 14 million
to EUR 228 million
- Sidetrack drilling remains C.A.T. oil’s fastest growing business
=

Vienna (euro adhoc) - September 28, 2009 - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gasfield
services in Russia and Kazakhstan, has extended its existing
sidetrack drilling contracts with several core customers of the
Company such as Gazprom Neft, TNK-BP and Rosneft. The additional
orders increase the 2009 order book by approximately EUR 14 million
or 6.5% to EUR 228 million, assuming an average EUR/RUR exchange rate
of 44.5.

As a result, sidetrack drilling remains C.A.T. oil´s fastest growing
business line, with a 43% YoY growth in job count in 2009. The
extended contracts are a further step towards the Company´s target to
increase its market position in sidetrack drilling services to more
than 20%.

Manfred Kastner, CEO of C.A.T. oil AG, said: "Despite the still
challenging conditions in the sidetrack drilling market, C.A.T. oil
has proven again its ability to expand its operations against the
general market trend. The extension of the sidetrack drilling
contracts with our core customers demonstrates our strong
relationship to our customers who appreciate our superior Integrated
Project Management services. This fuels our confidence to attain the
Company´s strategic goal of becoming Russia´s number one sidetrack
drilling service provider by market share."

Over the past few years C.A.T. oil has significantly expanded its
sidetrack drilling capacities from two rigs in 2006 to ten in 2007
and 14 by the end of 2008. Sidetrack drilling has been growth driver
number one in 2008 and sidetrack drilling job counts went up by
165.7% YoY, making C.A.T. oil the fastest growing company in this
business in Russia.

www.catoilag.com

Press contact:
Financial Dynamics GmbH

Carolin Amann Lucie Kimmich
Tel.: +49 (0)69 92037-132 Tel.: +49 (0)69 92037-183
Email: carolin.amann@fd.com Email: lucie.kimmich@fd.com

About C.A.T. oil AG:

C.A.T. oil AG is one of the leading providers of oil and gas field
services in Russia and Kazakhstan and is listed at the Frankfurt
Stock Exchange (SDAX). C.A.T. oil offers a wide spectrum of services
to increase the lifecycle of an oil field or to make abandoned oil
fields accessible. The Company´s growth is driven by three
significant factors: Existing oil fields need to be stimulated due to
shrinking oil and gas resources in order to optimize capacities.
Simultaneously, idle wells are reactivated or made accessible through
new methods in order to deploy wells to their maximum. Additionally
C.A.T. oil offers seismic services which help to identify new oil and
gas sources.

Since its foundation in 1991 in Celle, Germany, C.A.T. oil has built
up a leading hydraulic fracturing services business with a current
market share of almost 30% in Russia and Kazakhstan. Following its
IPO in 2006 the company has invested more than EUR 200 million in
additional services and capacities: sidetrack drilling has become the
Company´s second core business with a market share of approx. 18% in
Russia. Apart from the services mentioned above, C.A.T.oil´s
diversified service portfolio includes coiled tubing, formation
evaluation services, well work-over, cementing and seismic services.
Due to the recent expansion investments C.A.T. oil´s fleets and rigs
are state-of-the-art and therefore allow for time-efficient and
effective deployment. C.A.T. oil´s customer base includes the leading
Russian and Kazakh oil and gas producers amongst them Gazprom,
KazMunaiGaz, LUKOIL, Rosneft and TNK-BP. With all of them C.A.T. oil
has a long-standing relationship and has been a reliable service
provider since its market entrance in the early nineties.

The Company has its headquarters in Vienna and employed an average of
3,104 people in the first half of 2009, most of whom are based in
Russia and Kazakhstan.

Ende der Mitteilung euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: C.A.T. oil AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Lucie Kimmich

Tel.: +49 (69) 920 37-183

E-Mail: lucie.kimmich@fd.com

Branche: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
WKN: A0IKWU
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard