Who We Are
The Company's principal oil and gas assets are located in Ukraine and Russia, with additional assets in Hungary, Slovakia and Bulgaria. Our activities span the full-cycle E&P value chain of exploration, appraisal, and development through to production.
We have a strong track record of successfully developing our assets.
In Ukraine and Russia we have built significant gas production and processing facilities which we own and operate. In Hungary our oil and gas operations and assets are held in a 50/50 joint venture and operated by our partner.
In 2012 our average daily production was 8,281 boepd and at 31 December 2012 we had 2P gas reserves of 545 Bcf and oil reserves of 3.0 MMbbl (total 93.8 MMboe).
Group reserves at the end of year (MMboe)
In 2012 Group 2P reserves increased by 5.9 MMboe to 93.8 MMboe; this was after Group production in 2012 of 2.8 MMboe.