Zoltav Resources Inc. (AIM:ZOL) will concentrate on organic growth after failing to find suitable M&A opportunities. Zoltav's search has not, to date, yielded any prospects which the Board considers to be in the best interests of the shareholders. It remains challenging in the current oil and gas environment to access deals that are sufficiently value accretive for shareholders, as sellers are yet to materially adjust their expectations. While this market dynamic persists, the Board has resolved to concentrate Zoltav's efforts solely on the performance of the Western Gas Plant and on the development of its organic opportunities at Koltogor and Bortovoy - particularly the considerable resource in the Eastern Fields of Bortovoy, where the Company is working to understand better the feasibility and economic viability of the development options.