OJSC Surgutneftegas / Miscellaneous

26-Nov-2015 / 07:38 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Information statement on renewal (extension) of permit (license) of OJSC 'Surgutneftegas' for certain activity which is material to its financial and business position

Type of permit (license) of the Issuer: exploration and production of mineral resources.
Number of permit (license) of the Issuer: KhMN 00408 NE. Date of issue of permit (license) of the Issuer: 18.12.1996. The body that issued the permit (license): Geology and Subsoil Use Committee of Khanty-Mansiysky Autonomous Okrug and Administration of Khanty-Mansiysky Autonomous Okrug.
Term of permit (license) of the Issuer: 31.12.2129.
Type of permit (license) of the Issuer: exploration and production of mineral resources.
Number of permit (license) of the Issuer: KhMN 00438 NE. Date of issue of permit (license) of the Issuer: 05.03.1997. The body that issued the permit (license): Geology and Subsoil Use Committee of Khanty-Mansiysky Autonomous Okrug and Administration of Khanty-Mansiysky Autonomous Okrug.
Term of permit (license) of the Issuer: 31.12.2089.
Type of permit (license) of the Issuer: exploration and production of mineral resources.
Number of permit (license) of the Issuer: KhMN 00406 NE. Date of issue of permit (license) of the Issuer: 18.12.1996. The body that issued the permit (license): Geology and Subsoil Use Committee of Khanty-Mansiysky Autonomous Okrug and Administration of Khanty-Mansiysky Autonomous Okrug.
Term of permit (license) of the Issuer: 31.12.2162.
Permit (license) essentials: Early termination, suspension or restriction on the rights for subsoil use as per Clause 2 of Part 2 of Article 20 of RF Law 'On Subsurface' on the occurrence of the following: 1. The failure of the subsoil user to meet the terms stated in the provisions of subsoil use:
- As prescribed by Federal Subsoil Use Agency and its regional office, annually, not later than on 15 February of the year following the reporting year the subsoil user is obliged to submit to the relevant regional office of Federal Subsoil Use Agency the information report on works performed at subsoil site available for use.
2. The failure of the subsoil user to fulfill the obligations of regular payments for subsoil use.
3. The failure of the subsoil user to fulfill the obligations mentioned in the conditions of subsoil use:
-geological information on subsoil to be submitted to the federal and regional funds of geological information in the established order; -The subsoil user is obliged to ensure the protection of initial geological information obtained in the course of works at subsoil site, including rock and core samples as well as formation fluids. Upon application of the federal and regional funds of geological information the subsoil user is obliged to provide on a free-of-charge basis the temporary storage of geological information it possesses, including temporary storage of rock and core samples as well as formation fluids.
4. The failure of the subsoil user to meet the requirements for technical projects in development of mineral deposits concerning the beginning of construction of infrastructure for production of mineral resources and/or commissioning of mineral deposits approved in the established order. Type of event which occurred in regard to permits (license) of the Issuer: License extension.
The date when the relevant event in regard to permits (license) of the Issuer occurred: 25.11.2015.

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26-Nov-2015 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de/ukreg

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Language: English Company: OJSC Surgutneftegas Grigoriya Kukuyevitskogo, 1, bld.1 628415 Surgut Russia Internet: www.surgutneftegas.ru ISIN: US8688612048 Category Code: MSC TIDM: SGGD Sequence Number: 2926 Time of Receipt: 26-Nov-2015 / 07:37 CET/CEST    
   
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