History

Involvement of the top Ukrainian geology experts
improved (resulted in improvement)
the Company’s license portfolio

Esko-Pivnich and Pari (companies)
got first exploration licenses. Initial
production started from the first well

The companies moved from
exploration to production,
and obtained appropriate
production licenses

In order to consolidate the Group’s
main assets, Burisma Holdings was
established. Natural gas
production began

A geological audit was carried out
by DeGolyer & MacNaughton, which
confirmed a consolidated amount of
reserves and resources of 800 million BOE

The first financial audit was conducted by KPMG.

Burisma increases investment in Ukraine
through acquisition of KUB-Gas
from Serinus Energy.

Burisma entered the operational co-operation with the other shareholder
— Cub Energy, a public company with a listing in Canada. The deal with KUB-Gas 
will herald the start of a new era for the  
Ukrainian gas production business.