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12

Sibir Energy Is Hoppled

The order prevents Sibir's parent firm Bennfield, and its owner Chalva Tchigirinski from...

Sibir Energy, a UK independent oil and gas production company, declared Monday that freezing order at England's High Court on the sale or purchase of its shares is an attempt to destabilize the firm.

The freezing order was made by law firm Class Law Solicitors, reportedly on behalf of a little-known UK-based company called Harley Street Capital, which is said to hold a very small 400 pounds stake in Sibir.
Sibir Energy, which operates in Russia, says the case is connected to its joint ownership of Siberian oil operation Sibneft-Yugra.

The order prevents Sibir's parent firm Bennfield, and its owner Chalva Tchigirinski from selling or in any way dealing in Sibir shares, unless they pay 30million pounds into court.

Sibir said on Monday that the claimant was unknown to it.