| 1991 | Establishment of a partnership named Polpetrol by the present Shareholders. Polpetrol’s business activities involved wholesale of crude oil and fuel oils. | | 1995 | Formation of Petrolinvest Sp. z o.o., a company focusing on LPG sales and, to a far smaller extent, wholesale of crude oil. | | 1997 | Acquisition of shares in Mockavos Perpyla, a Lithuanian company with a railway terminal on the Polish border with Lithuania. | | 1999 | Launch of the Gas Distribution Plant in Suwalki. | | 2001 | Signing of a long-term lease agreement and the launch of the Company’s LPG Sea Terminal in Gdynia. | | 2004 | Launch of the Gas Distribution Plant in Łubiana near Kościerzyna. | | 2005 | Decision to change the Company’s strategy to focus on developing oil and gas exploration and production activities. | | 2006 | Commencement of an investment project involving the expansion of the LPG Sea Terminal in Gdynia and signing of agreements whereby the Company acquired shares in certain companies based in Russia and Kazakhstan and holding licenses for the exploration and production of hydrocarbons. | | December 2006 | Transformation into a public limited company. | | 2006-2007 | Expansion of the exploration and production investment portfolio through the acquisition of shares in companies holding exploration or exploration and prodution licenses in Kazakhstan and the Komi Republic (Russian Federation). |
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