Minister of Environment of Poland issues security deposit requirement for Wolin License
On August 1, 2018, the Minister of Environment issued a decision regarding the changes to the license awarded to Central European Petroleum Ltd. on December 1st, 2017. The Minister of Environment placed an obligation on the business entity to establish security for claims that may arise as a result of carrying out activities in the maritime area of the Republic of Poland. All changes made to the license have been introduced in paragraph 22. [read more]
CEP granted affirmative Environmental Decision for seismic acquisition in Poland
The Regional Directorate for Environmental Protection in Szczecin (Regionalna Dyrekcja Ochrony Środowiska w Szczecinie, “RDOŚ”) has granted CEP an affirmative Environmental Decision for acquisition of onshore and offshore seismic in the company’s Wolin Concession. [read more]
Award of Exploration & Production Concession: Wolin Block, Poland
On December 1, 2017, the Polish government signed an agreement awarding Central European Petroleum Ltd. (the “Company”) exclusive rights to explore for, develop, and produce hydrocarbons within the 593 square kilometer Wolin concession, which straddles the Baltic Sea coast adjacent to the Polish/German border. [read more]
securities advisory. cep is not a reporting issuer and cep’s securities are not traded on any stock exchange in any jurisdiction, including without limitation, in canada or the united states, and thus, is not subject to regulation by any stock exchange. this press release is not an offer of the securities for sale in the united states. the securities of the company have not been registered under the u.s. securities act of 1933, as amended, and may not be offered or sold in the united states absent registration or an exemption from registration. this press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Read more …