CJSC Chernomorneftegaz
5/15 M.Kaluzhskaya str., Moscow 3A Kerchenskaya str., Gelendzhik, Krasnodar region Moscow, 119071 Russian Federation www.chernomorneftegazcompany.com	Contact:

CJSC "Chernomorneftegaz" (The "Company") is based in the Russia. The Company holds a 100% interest in four license blocks located offshore in the Russian sectors of the Sea of Azov and the Black Sea. The Company made good progress on its oil and gas exploration programs and is now in the position for drilling offshore wells in the second quarter of 2007. The Company's oil and gas assets have been estimated by DeGolyer & MacNaugton in 2006. The Company looks forward to accept investments and modern technologies of leading oil and gas companies experienced in offshore exploration and development.

Primary Line of Business: Oil and gas exploration Ownership: Private

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