September 23, 2014 5:46 AM ET

Oil, Gas and Consumable Fuels

Company Overview of LOTOS Petrobaltic S.A.

Company Overview

LOTOS Petrobaltic S.A. is engaged in the exploration and production of hydrocarbons, and oil and gas in the Polish Economic Zone of the Baltic Sea. The company was formerly known as Przedsiebiorstwo Poszukiwan i Eksploatacji Ztoz Ropy i Gazu Petrobaltic Spotka Akcyjna and changed its name to LOTOS Petrobaltic S.A. in April 2010. The company was founded in 1990 and is based in Gdansk, Poland. As of February 3, 2005, LOTOS Petrobaltic S.A. operates as a subsidiary of Grupa LOTOS Spólka Akcyjna.

9, Stary Dwór St.

Gdansk,  80-958

Poland

Founded in 1990

Phone:

48 583 01 30 61

Fax:

48 583 01 43 11

Key Executives for LOTOS Petrobaltic S.A.

President of the Board and Managing Director
President of the Board & Managing Director
Chief Financial Officer
Chief Exploration & Production Officer
Technical Director and Director
Compensation as of Fiscal Year 2014.

LOTOS Petrobaltic S.A. Key Developments

PGNiG and LOTOS Sign Agreement on Joint Operations

Polskie Gornictwo Naftowe i Gazownictwo SA, or PGNiG, and LOTOS Petrobaltic SA, have signed an agreement on joint operations within the Kamien Pomorski license block. In practical terms, the agreement will strengthen the cooperation between the companies in exploration for and production of conventional oil and gas resources. The objective of the cooperation is to intensify the exploration efforts in Poland, with a view to increasing the production of both natural gas and crude oil. The Kamien Pomorski licence block, located in the Province of Szczecin, is among the most prospective ones in the region. It covers an area of 217 square kilometres, and the exploration work carried out to date has identified several oil and gas leads within its boundaries. Further exploration, to be undertaken jointly by the partners, will allow them to evaluate the size of the resources and launch their production, if viable.

Polskie Gornictwo Naftowe i Gazownictwo SA and LOTOS Petrobaltic SA Signs Agreement on Joint Operations Within the Kamien Pomorski License Block

Polskie Gornictwo Naftowe i Gazownictwo SA, or PGNiG, and LOTOS Petrobaltic SA, have signed an agreement on joint operations within the Kamien Pomorski license block. In practical terms, the agreement will strengthen the cooperation between the companies in exploration for and production of conventional oil and gas resources. The objective of the cooperation is to intensify the exploration efforts in Poland, with a view to increasing the production of both natural gas and crude oil. The Kamien Pomorski licence block, located in the Province of Szczecin, is among the most prospective ones in the region. It covers an area of 217 square kilometers, and the exploration work carried out to date has identified several oil and gas leads within its boundaries. Further exploration, to be undertaken jointly by the partners, will allow them to evaluate the size of the resources and launch their production, if viable.

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