Eurasia Drilling eyes London premium listing


Mon Nov 28, 2011 1:37pm GMT

LONDON Nov 28 (Reuters) – Russia-based Eurasia
Drilling is aiming to become a premium-listed London
Stock Exchange company, the latest in a line of Russian
companies which are lured by deep liquidity and an ability to
secure acquisition currency.

Eurasia is Russia’s largest drilling company, and services
the country’s multi-billion dollar oil and gas industry.

“It’s a goal for us but not a requirement,” Kim
Kruschwitz, vice president of Eurasia Drilling, told Reuters at
a conference in London when asked whether Eurasia was
considering a premium listing.

“We think it would be a good way for us to go because
it will allow us to become (part of) an index,” he said. “We
think it’s an excellent source of liquidity.”

Asked if Eurasia would consider trying to join the
FTSE-100 Index, Kruschwitz said: “Certainly, the 250”.

(Reporting By Katya Golubkova, additional reporting by Kylie
MacLellan; writing by Megan Davies; Editing by John Bowker)