Further to Current Report No. 53/2007 of Grupa LOTOS S.A., dated December 18th 2007, the Management Board of Grupa LOTOS S.A. hereby reports that yesterday, i.e. on June 16th 2008, Petrobaltic S.A. (a 69% controlled subsidiary of Grupa LOTOS S.A.) received the decision of the Minister of the Environment extending its licence for the exploration for and appraisal of crude oil and natural gas fields in the Wolin area, located in the western part of the Polish sea zone. In accordance with the decision, Petrobaltic S.A. was granted a licence for the period of nine and a half years counting from the initial licence grant date, i.e. December 14th 2001. The licence term was extended by three years relative to the original term. Legal basis for the publication of this report: Art. 56.1.1 of the Act on Public Offering – Inside Information.
Extension of Licence for the Exploration for and Identification of Crude Oil and Natural Gas Fields in the Wolin Area
Report no. 96/20052008-06-17