EANS-News: C.A.T. oil has successfully marketed its sidetrack drilling capacities for 2013

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Subtitle: • Existing sidetrack drilling contract extended by EUR 38
million to EUR 65 million by Lukoil • Further tenders for sidetrack
drilling contracts worth EUR 63 million awarded by Rosneft, Slavneft
and Tomskneft-VNK • Early and remarkable success in 2013 tendering
campaign

Company Information

Vienna, 22 January 2013 (euro adhoc) - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gas field
services in Russia and Kazakhstan, today announced that its operating
subsidiary CATOBNEFT has been awarded an extension on an existing
contract by EUR 38 million to EUR 65 million (based on a
rouble-to-euro exchange rate of 40). In addition CATOBNEFT has
succeeded in securing tenders for conclusion of further sidetrack
drilling contracts by Rosneft, Slavneft and Tomskneft-VNK worth EUR
63 million. In total, the existing order book represents
approximately 85% utilization of the Company's sidetrack drilling
capacity for the full year 2013. Based on the recently announced
award of tenders for hydraulic fracturing services and the current
order book volume of EUR 128 million for sidetrack drilling C.A.T.
has achieved an early and remarkable success in its 2013 tendering
campaign.

Manfred Kastner, CEO of C.A.T. oil, commented: "Following the award
of two three-year tenders for hydraulic fracturing services we have
more good news to report today: C.A.T. oil has successfully marketed
its sidetrack drilling capacities worth EUR 128 million for 2013,
representing a utilization of 85%. Having further tenders at an
advanced stage we are thus well under way in our 2013 tendering
campaign laying a sound basis for the upcoming year."

Having achieved the extension of an existing sidetrack drilling
contract at an early stage of time is a positive sign for two
reasons: On the one hand it once again clearly mirrors the customers'
trust in C.A.T. oil. On the other hand it gives an indication on the
customers' strong activity levels going forward.

Manfred Kastner added: "What we have learned in the tendering
campaign so far is that our customers prepare themselves for a busy
2013. Having increased our sidetrack drilling and fracturing
capacities as well as successfully set up high class drilling as our
third core service in 2012 we are optimistic to once again grow our
profitable business in 2013."

www.catoilag.com

Press contact:
FTI Consulting
Thomas M. Krammer
Phone: +49 (0)69 92037-183
Email: thomas.krammer@fticonsulting.com

Steffi Fahjen
Phone: +49 (0)69 92037-115
Email: steffi.fahjen@fticonsulting.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 on 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 unexploited oil
fields accessible. The Company's growth is driven by the following
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 has established high class drilling as third core service
which allows to access completely unexploited oil and gas reserves.

Since its foundation in 1991 in Celle, Germany, C.A.T. oil has built
up a leading hydraulic fracturing services business in Russia and
Kazakhstan. Following its IPO in 2006 the Company has invested more
than EUR 250 million in additional services and capacities: sidetrack
drilling has become the Company's second core business. In 2011, the
Company initiated a comprehensive investment program with a volume of
EUR 150 million, focusing on the set up of high class drilling as
third core service offering. The new service line was fully installed
in 2012.

C.A.T. oil's portfolio also includes cementing and seismic services.
With its state-of-the-art technology the Company clearly
differentiates itself in its core markets as the equipment allows for
very 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. C.A.T.
oil has a long-standing relationship with these customers and has
been a reliable service provider since its market entrance in the
early nineties.

The Company has its headquarters in Vienna. In 9M 2012, the Company
employed an average of 2,469 people, most of which are based in
Russia and Kazakhstan.

Further inquiry note:
Thomas Krammer
Tel: +49(0)69-92037-183
Email: thomas.krammer@fticonsulting.com

end of announcement euro adhoc
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company: C.A.T. oil AG
Kärtner Ring 11-13
A-A-1010 Wien
phone: +43(0) 1 535 23 20 - 0
FAX: +43(0) 1 535 23 20 - 20
mail: ir@catoilag.com
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English