Michał Szubski, President of the Management Board of PGNiG SA, said: "We got to a point where our priorities should be identified. For this reason we agreed to concentrate on one project, the EmbaYugNeft licence. I believe this will be beneficial for both PGNiG SA and Petrolinvest."

Paweł Gricuk, President of the Management Board of Petrolinvest S.A., stated: "I would like to thank PGNiG very much for supporting Petrolinvest's geological work in Kazakhstan. I truly hope that our joint efforts connected with EmbaYugNeft and further projects in Kazakhstan will bring great benefits for both parties."

Joanna Zakrzewska

Spokesperson for PGNiG SA