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Granted in August 2009, our 2 hydrocarbon exploration and prospection licences cover an area of approximately 620,000 acres and are held through our subsidiary company, Lane Resources Poland Sp. z o.o. The licences are located near the city of Krakow, north of a mining zone in that locality. See the location map on the right for the licence location with the acreage shaded in brown.

We are evaluating the potential for unconventional hydrocarbon exploration in this region. Our work program obligations (over all 3 licences) require one exploration well to be drilled and a certain amount of 3D seismic to be acquired within the first 2 years.

Further announcements will be made once our initial review of available geological data and samples is completed