January 31, 2023


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From Heaven to Hell - Petrolinvest has filed for bankruptcy

From Heaven to Hell – Petrolinvest has filed for bankruptcy

Petrolinvest was the first private exploration and production company in Poland. He conducted oil and gas exploration in Kazakhstan and implemented investment projects in the shale gas sector in Poland. Its main shareholder was Ryszard Krauze.

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The company from the Prokom group first appeared on the stock exchange in July 2007. At first, its shares received great attention, in the first month their price exceeded up to 11 thousand. zloty. However, the shares soon began to systematically lose value, and investors were looking to carry out management’s announcements.

Petrolinvest’s shares were last traded on the stock exchange in June 2017. In December 2018, the WSE Board of Directors excluded the company’s shares from stock exchange trading.


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