Thursday, June 12, 2008 Grupa LOTOS SA entered into an agreement with Petrobaltic S.A. (in which Grupa LOTOS S.A. holds a 69% stake) to sell 8 million shares in LOTOS Exploration and Production Norge A.S., representing 20% of the share capital in this company.
Tuesday, May 20, 2008 Revus Energy announced the signing of a Sales
and Purchase agreement with Lotos E&P Norge AS for sale of a 10% interest in production licenses 316, 316B, 316CS and 316DS,
including the Yme re-development project.
Friday, August 25, 2006 Petrobaltic plans to begin oil production at two new oilfields: B8 and B23, the estimated reserves of which are approximately 16 million cubic meters of crude oil. Both fields are located in the Polish economic zone of the Baltic Sea.