2021: Acquisition of 80% of Rostneftegaz Geo (RNGG)

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Netoil acquired 80% of Russian Company CJSC Rostneftegaz Geo (RNGG) which holds licenses for 2 exploration blocks with up to 9.1 billion barrels of oil equivalent estimated resources, mostly gas, in the Karpinsky Ridge which extends from Kazakhstan through the Caspian Sea to the Donbass basin.