2009-04-21-2009-04-08

To acquire 30% WI in Golitza licenses, Bulgaria.

Sorgenia E&P SpA plans to acquire a 30% working interest in the Golitza licenses in Bulgaria from JKX Oil & Gas Plc, London (London: JKX) and Aurelian Oil and Gas Plc for US$2.4 million. Following the earning of Sorgenia's interest, participation will be: JKX 40% and operator, Aurelian 30%, and Sorgenia 30%. Sorgenia's continued participation through the exploration drilling phase will require an additional contribution of up to US$675,000 in the first two exploration wells expected to be drilled at the end of 2009 and in early 2010. Sorgenia E&P is the exploration and production company of the Sorgenia Group, a private Italian utility.