OOO PETRONEFTNGAS

Petroneftngas is a public company registered in Russia Federation. The main asset of the Company is a 100% interest in a 4, 991 sq km oil and gas licence in the Tomsk Oblast in Russia, held through its wholly owned Russian subsidiary, Stimul-T. The Licence is located in the prolific Western Siberian Oil and Gas Basin and contains four known oil fields, Lineynoye, Tungolskoye, West Lineynoye and Korchegskaya, and 25 Prospects and Leads that are currently being explored. The Board of PetroNeft is made up of highly experienced professionals in the International and Russian Oil Exploration and Development business. The Russian Management team has extensive local knowledge and experience in the exploration and development of oil and gas fields in the Tomsk Oblast. The Company is gradually expanding its management team in Tomsk, with the Personnel base being timed to meet the growing nature of the Company's business. Within Stimul-T, its wholly owned Russian subsidiary, it has most recently employed Health and Safety manager.
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