| Transfer of licences for exploration of oil and gas fields by Silurian Sp. z o.o. - a company of the PETROLINVEST GROUP |
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| Own release | |
| 13.07.2011 | |
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The Management Board of PETROLINVEST SA (“the Company”), further to the current report no 48/2011 of 7 June 2011 and the current report no 53/2011 of 17 June 2011, announces that on 12 July 2011 it was notified about the issuing by the Minister of the Environment of a decision to transfer to Silurian Energy Services Sp. z o.o. (a subidiary of Silurian Sp. z o.o.) (“SES”) four licences for exploration of oil and gas fields which had been issued earlier to Silurian Sp. z o.o. (a subsidiary of PETROLINVEST SA) (“Silurian”): * Licence No 11/2011/p for exploration of oil and gas fields in the “Lidzbark Warmiński” area (a part of the licence blocks No 73 and 74) covering 895.23 km2; The transfer of licences was executed at the request of Silurian and SES in connection with the planned Joint Investment Agreement, the conclusion of which was announced by the Company in the current report no 65/2011. |