Oil & Gas Exploration & Production EAD-Pleven will hold a general meeting of its shareholders on 30 June 2007 which is expected to vote a proposal to use the profit, accumulated by the company in 2006 to cover losses from previous periods, and to allocate the rest of it to reserves, BSE announced.

Oil & Gas Exploration & Production posted a profit of 5,176,086.51 leva in 2006. 346,033.23 leva of it will be used to cover losses accumulated in previous years, while the remaining 4,830,053.28 leva will go to the company’s “Reserves” fund.

In case no quorum is present at the meeting, it is to be rescheduled for 16 July 2007, 12:00 h, same place, same agenda.

The last date for transacting shares of this company on the BSE-Sofia, as a result of which the holder will be entitled to exercise their voting right at the general meeting, is 13 June 2007.

Chimimport AD controls 52% of the capital of Oil & Gas Exploration & Production AD, while Inter Rubber Chemie EOOD controls 21.97%.

2,887 shares of the company have been traded so far at 9.83 leva/share.