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Algeria

Completion of Algeria Farm-out Transaction

Petroceltic International plc (“Petroceltic” or “the Company”), the independent oil and gas exploration and production company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, is pleased to announce the completion of its sale of an 18.375% interest in the Isarene PSC to Sonatrach, the National Oil and Gas Company of Algeria.

Petroceltic Algeria Farmout Update

Petroceltic International plc (PCI.L) (“Petroceltic” or “the Company”), the independent oil and gas exploration company focussed on the Middle East, North Africa, Mediterranean and Black Sea regions, is pleased to announce the agreed sale of an 18.375% interest in the Isarene Production Sharing Contract (“PSC”), which includes the world class Ain Tsila gas condensate discovery, onshore Algeria, to Sonatrach, the Algerian National Company for Hydrocarbons.

PW Power Systems to Provide La Société Algérienne de Production de l'Electricité with 20 FT8® MOBILEPAC® Turbogenerators

PW Power Systems, Inc. (PWPS), a group company of Mitsubishi Heavy Industries, Ltd., announced today a contract with La Société Algérienne de Production de l'Electricité (SPE), a subsidiary of Sonelgaz, to provide 20 FT8® MOBILEPAC® units for four locations in Algeria. SPE is a state-owned entity that is responsible for electricity generation throughout Algeria. The contract also includes fuel systems, demineralized water systems, mobile self-cleaning inlet air systems, black start generators and strategic spare components.

Eni and Its CEO Deny Any Involvement in the Algerian Events Under Judicial Investigation

With regards to press reports which state that, during interrogation by the Milan prosecutor a former Saipem manager indicated that Eni and its CEO were involved in illegal activities in Algeria, Eni and the its CEO deny any involvement in the events under investigation.

Eni declares there was no involvement of directors and managers in Saipem's activities in Algeria, currently under investigation

With regards to the judicial investigation of the prosecutor of the Republic of Milan (Procura della Repubblica di Milano) involving Saipem’s activities in Algeria, Eni acknowledges that the prosecutor has decided to extend the investigation to include Eni and its Chief Executive Officer.

Gazprom obtains rights for hydrocarbon exploration and production in Algerian El Assel area

Gazprom Netherlands B.V. and the Algerian State Oil and Gas Corporation (ASOGC) Sonatrach have signed an Agreement for the transfer of rights for hydrocarbon exploration and production in the onshore area El Assel located in the Berkine Basin of Algeria.

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