I quarter 2010 results

1. Processing and interpretation of seismic data received during the field seismic acquisition 3D in scope of 400 km2 and 2D in scope of 80 linear km on Kuznetsovsk structure were finished in Kamenkovsk Contract Area in WKO in December 2009. On 23 February 2010 the resulting report was approved by the authorized controlling bodies according to the established procedure.
2. On 3 March 2010 “Group Technical Design Basis for Construction of 7000m deep exploration wells ##К-1, К-2, К-3 at Kamenkovsk site (Kuznetsovsk structure) in WKO” was finalized and approved by the Competent Authority (MEMR RK) according to the established procedure.
3. In February 2010 the tender for 7000m deep #K-1 exploration well drilling on Kuznetsovsk structure was organized and summarized.
4. In February 2010 the open tender for purchase of concrete goods for drilling site construction was organized and summarized.
5. In February 2010 the open tender for manufacturing and supply of casing and component parts for 7000m deep #K-1 exploration well drilling on Kuznetsovsk structure was organized and announced.