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Purchase of shares in Silurian Hallwood Limited and in Silurian Sp. z o.o.
24.08.2011
The Management Board of PETROLINVEST S.A. (the “Company” or “Petrolinvest”) announces that on 23 August 2011 the Company concluded with Tabacchi Enterprises Ltd. (“Tabacchi”):
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A strong and stable flow of gas with condensate content, together with the current geophysical data, indicate a field discovery in the Shyrak-1 exploration well.
23.08.2011
The Management Board of PETROLINVEST S.A. (the “Company”) announces that on 23 August 2011 the Company was informed by TOO OilTechnoGroup, a Kazakh law company controlled by the Company (“OTG”), that OTG is effectively terminating works aimed at restoring the pressure balance and stabilizing the Shyrak 1 exploration well after a strong and continuous flow of natural gas with condensate content. The flow occurred at a depth of 6,597.1 meters, i.e. at the final depth of the well, of which the Company informed in current report no. 77/2011 dated 16 August 2011.
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The awarding of a licence for exploration of oil and gas fields by Silurian Sp. z o.o. - a company belonging to PETROLINVEST GROUP
19.08.2011
The Management Board of PETROLINVEST S.A. (“the Company”) announces that on 18 August 2011 it received a notice of awarding to Silurian Sp. z o.o. (a subsidiary of PETROLINVEST S.A.) (“Silurian”) by the Minister of Environment licences for the exploration of oil and gas fields :
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The offering and take-up of subscription warrants over series C shares as part of conditional share capital increase and take-up of series C shares
16.08.2011
The Management Board of PETROLINVEST S.A. (the “Company”, “Petrolinvest”) announces that in relation to cash payments in the amount of PLN 5,420,000 received in the period from 22 July 2011 to 16 August 2011, made by an entity designated by Prokom Investments S.A. (“Prokom”) as the financing entity - in the meaning of the agreement on financing concluded by the Company and Prokom on 20 March 2009, of which the Company informed the public in its current report No 33/2009, amended by annexes dated 31 December 2010 and 18 April 2011, of which the Company informed the public in its current reports No 1/2011 and No 34/2011 (the “Agreement on Financing”) - which makes a direct equity investment (the “Financing Entity”), on 16 August 2011, the Company received:
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Receipt of interpretation results of logs performed in the Shyrak 1 well
16.08.2011
The Management Board of PETROLINVEST S.A. (the “Company”) announces that on 16 August 2011, the Company was informed that TOO OilTechnoGroup, a Kazakh law company controlled by the Company (“OTG”), received from SCHLUMBERGER LOGELCO INC. interpretation results of logs performed in the Shyrak 1 well. Logs were performed on the drilled-through sub-salt layers, from the depth of 5,337 m to 6,552 m, i.e. to the total depth of the well as at the day of performing the logs.
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Election of the entity authorised to audit financial statements
28.07.2011
Pursuant to § 5 section 1 item 19 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws No 33 of 28 February 2009, item 259),
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Performance of the joint-investment agreement
20.07.2011
The Management Board of PETROLINVEST S.A. (the “Company”, “Petrolinvest”) informs that on 20 July 2011 the Company and the following entities: (i) Hallwood Energy Group Incorporated (“Hallwood Energy”), (ii) Silurian Hallwood Limited; (iii) Silurian Sp. z o.o (“Silurian”), (iv) Silurian Energy Services Sp. z o.o. (“SES”), (v) Tabacchi Enterprises Ltd. (“Tabacchi”); and (vi) Mr Wiesław Skrobowski (hereinafter jointly referred to as the “Parties”), in performance of the joint investment agreement (the “Joint Investment Agreement”), signed a Subscription and Shareholders Agreement (hereinafter referred to as the “Agreement”).
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