• CLEAN AND ENVIRONMENTALLY FRIENDLY Natural gas is the cleanest and most environmentally friendly of all fossil fuels...Read more

  • WELL DRILLING PADThe size of a typical drilling pad is about 1 hectare. To compare, the floorage of an average shopping centre is 4.5 hectares... Read more

  • SECURING OF WELL DRILLING PADA drilling pad as well as the adjacent pool are reinforced and tightened with concrete slabs. Protective foil is additionally laid where necessary.

  • WORK NOISEWell drilling does not produce onerous noise. The intensity of sounds generated in connection with drilling work is lower than that generated by street traffic.Read more

  • SAFETY OF FRACTURING PROCESSIn Poland, exploration wells in shale rock are drilled to depths of over 2.5 km.Read more

  • COMPOSITION OF FRACTURING FLUIDFracturing fluid is 95% water. Read more

  • NO MAJOR LANDSCAPE INTERFERENCEIf gas production is launched, the land surrounding the isolated, secured zone, is subject to a reclamation treatment. Read more

Statement of Compliance with Corporate Governance Rules at Polskie Górnictwo Naftowe i Gazownictwo S.A. in 2012

Pursuant to Par. 91.5.4 of the Regulation of the Minister of Finance concerning current and periodic information to be published by issuers of securities and the conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state (the “Regulation”), dated February 19th 2009, the Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. of Warsaw (the “Issuer” or the “Company”) hereby publishes its statement of compliance with corporate governance rules.

The Issuer's objective is to ensure maximum transparency of its activities, appropriate quality of its investor communications and protection of shareholder rights.

  1. The corporate governance code applicable to the Issuer and the place where the text of such code is publicly available
  2. Indication of the corporate governance standards referred to in Section 1 which were not applied by the Issuer, along with a statement of reasons for not applying a given standard
  3. Basic features of internal control and risk management systems used by the Issuer in the process of preparation of financial statements and consolidated financial statements
  4. Shareholders directly or indirectly holding significant blocks of shares, along with an indication of the number of shares and percentage of the share capital held by such shareholders, and the number of votes and percentage of the total vote that such shares represent at the General Meeting
  5. Holders of any securities conferring special control rights, along with a description of those rights
  6. Restrictions on voting rights, such as limitations of the voting rights of holders of a given percentage or number of votes, time limitations on exercising voting rights, or provisions under which, with the company's cooperation, the equity rights attaching to securities are separated from the holding of securities
  7. Restrictions on the transfer of ownership rights to the Issuer securities
  8. Rules governing the appointment and removal of management personnel and such personnel’s powers, including in particular the power to make decisions as to issue or buy-back of shares
  9. Rules governing amendments to the Issuer’s Articles of Association
  10. Manner of operation of the General Meeting, its basic powers and description of the shareholders’ rights along with the procedure for their exercise, in particular the rules stipulated in the rules of procedure for the General Meeting, except where prescribed directly by law
  11. Composition and activities of the Issuer’s management, supervisory and administrative bodies or of their committees; changes in their composition during the last financial year