Investors

oil company Timan Oil Gas, controlled by Russia's oligarch Alexander Lebedev, in the coming week would require the convening of an extraordinary general meeting in an attempt to prevent its liquidation, reports the Sunday Times.

controlled Lebedev's National Reserve Bank received shares quoted in London Timan Oil Gas last summer, after the head of oil group, Alexander Kapalin defaulted on a loan secured by shares owned by him to the company. As soon as the NRB has selected the action, license Timan on oil fields in Russia were transferred to the company, controlled by Kazakh businessman Timur Kuanysheva.

NRB, through its investment arm, in August dismissed the leadership Timan, but not appointed a new CEO. Designated them independent directors seem to have no experience in the oil industry and have not appointed an auditmilestones group and its results for the year 2008. The audit should be completed by December 11, otherwise the company's stock, frozen for more than four months, will be removed from quotation on the exchange.

Investors, which include Artemis Investment Management, Standard Bank and Henderson Global Investors, facing the loss of millions of pounds. Group, which owns about 17% of shares in the coming week will require to hold a meeting in November. They intend to draw attention to what they call a suspicious deterioration in the company. In the near future shareholders to make their dossier to the British Office for investigation of major financial fraud. They hope that it will encourage executives to work out a fair settlement.

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