The DKW was circulating the paper, marked "Strictly confidential", on its own initiative today after a ministerial spokesman alleged its estimation was mere $10.4 billion.
The DKW threshold price, $14.3 billion, is "overly conservative" and proceeds from corrected estimations of Yugansk reserves for last year's end. As going concern, the Yugansk costs somewhere in between $18.6 billion and 21.1. The price will be in a $15.7-18.3 billion bracket after deducing settlement obligations of $2.9 billion, which includes the indebtedness of the mother company, Yukos. The Yugansk comes in here as basic guarantor.
If fiscal claims on the Yugansk enter into legal force, its joint stock will be estimated at a smaller sum-within a $14.7-17.3 billion bracket, says the conclusion.
The situation round Yuganskneftegas licenses will not change, assumes the DKW. If it does, it will drastically change the price, warns the appraiser.
As an ad hoc commission of the federal Ministry of Natural Resources sat in session, October 8, it ordered the Yugansk to satisfy all fiscal claims within three months.
The Justice Ministry is taking time. "We are not ready to comment the figures just now. A special message will be ready quite soon," its spokesman said to a Novosti inquiry about tentative prices the DKW announced today.
The appraiser recently reported its estimations to the ministry, added our interviewee, of the ministerial Public Relations Centre.
The Yukos stock came 4.5% up, and even higher, as soon as the Dresdner Kleinwort announced its appraisal. Bulls' triumph passed quite soon, however.
"The market responded with bids, though the news was rather stale, anddid not offer whatever latest information. The price leap could not keep bidders' enthusiasm up for long-they withdrew to wait for government response. It took mere fifteen minutes for sales to balance out skyrocketing purchases," says Roman Andreyev, CentreInvestSecurities analyst.
