Press Release

Date Title Views 17-12-2011 Sale of EMBA for USD 35 million focusing activities on the most important assets: OTG and shale gas. 94 08-12-2011 Petrolinvest holds shares in 13 shale gas exploration licences in Poland. funds of PLN 140 million secured for Petrolinvest. Creation of the company's value based on its strategic assets in Poland. 87 18-11-2011 Explanations regarding the report of the independent competent person dated 12 October 2011 51 07-11-2011 Silurian Hallwood acquired over PLN 66 million from new investors 106 12-10-2011 The current report of McDaniel & Associates, an independent competent person, confirms the results of the Shyrak 1 well. This means that a field has been discovered. The independent competent person considerably increases the risked mean estimate on the Shyrak structure and increases - 4.5 times - the amount of hydrocarbon resources determined considering the risked mean estimate. 162 04-10-2011 Emba - prolongation of the contract by another 2 years 90 22-09-2011 Petrolinvest concluded an agreement on the purchase of shares in a comprehensive crude oil production and processing project in Kazakhstan 121 16-09-2011 Progress of works on the Shyrak 1 well 141 06-09-2011 Shyrak 1 - stabilisation of the well. Confirmation of very good reservoir properties of rocks 173 31-08-2011 Share capital increase of Petrolinvest - justification and objectives 162 24-08-2011 Petrolinvest consolidates shale gas assets 181 23-08-2011 A strong and stable gas flow in the Shyrak-1 exploration well, together with the current geophysical data, indicate a field discovery 137 19-08-2011 A subsidiary of Petrolionvest SA - Silurian sp. z o.o. was awarded another two licences for shale gas exploration in Poland. 180 16-08-2011 Log results confirm hydrocarbon saturation of sub-salt layers in the Shyrak 1 well. The total depth of the Shyrak 1 well was reached. Nineteen horizons were designated for testing. 180 20-07-2011 The establishment of joint venture Silurian Hallwood has been completed. Private placement at the end of September 2011, debut at the AIM of the London stock exchange until the end of 2011. 203 13-07-2011 Petrolinvest SA sells the shares of the company holding the profit licence in Kazakhstan for USD 8 million 161 13-07-2011 The extension of the strategy of Petrolinvest to include wind energy production projects with the total capacity of approximately 100 MW and planned revenue of PLN 200 million under the sale of the investment 152 13-07-2011 Petrolinvest announces the execution by Silurian Sp. z o.o. of the transfer of four licences to Silurian Energy Services Sp. z o.o. 158 07-07-2011 Petrolinvest SA and its subsidiary Silurian Sp. z o.o. concluded an agreement with Hallwood Energy Group Inc. to form a joint venture Silurian-Hallwood. The new company will make its debut on AIM of the London stock exchange later this year. 107 07-07-2011 A subsidiary of Petrolinvest SA - Silurian Sp. z o.o. was awarded another three licences for shale gas exploration in Poland 146 17-06-2011 A subsidiary of Petrolinvest SA - Silurian Sp. z o.o. was awarded the fourth concession for shale gas exploration in Poland 180 07-06-2011 A subsidiary of Petrolinvest SA - Silurian Sp. z o.o. was awarded three concessions for shale gas exploration in Poland 187 03-06-2011 Another confirmation of the high potential of the field in the Koblandy structure 161 30-05-2011 Current state of operations at the Shyrak-1 well 161 09-05-2011 Possibilities of financing projects of Petrolinvest S.A. increased by PLN 300 million 214 18-04-2011 Additional PLN 100 million of financing form Prokom Investments S.A. 224 08-04-2011 We shall start drilling in the upcoming days 384 21-03-2011 Main objectives of the conditional capital increase 211 07-03-2011 The state of the Shyrak 1 well in the region of Aktyubinsk in Kazakhstan 314 31-01-2011 The state of the Shyrak 1 well in the region of Aktyubinsk in Kazakhstan 503 16-12-2010 Implementation of Petrolinvest's strategy: Entering the segment of shale gas services 908 08-12-2010 Petrolinvest prolonged the contract in Kazakhstan 908 06-12-2010 Petrolinvest drills in Kazakhstan 352 21-09-2010 New Oil Deposit of Petrolinvest 1129 19-03-2010 International institutional investors provide financing for Petrolinvest through issue of convertible bonds and warrants 2252 17-03-2010 French oil company TOTAL to become Petrolinvest's strategic partner on the OTG concession in Kazakhstan 1820 10-03-2010 EBRD to invest USD 50MM in Petrolinvest's Kazakhstan Project 979