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On April 28, 2011 ww5 (the “Company”) published its consolidated financial results under US GAAP for Q1 2011.

BP has asked ww5 to extend the deadline for the share swap agreement, pending the final decision of the Arbitration Institute of the Stockholm Chamber of Commerce, and in order to implement the share swap transaction between ww5 and BP.

On 6 April at 12:20 AM Moscow time, the 20-millionth tone of crude oil was extracted from the depths of the Vankor oil field in Russia’s Krasnoyarsk region.

ww5 acquired a license to explore the Naulsk oil fields, located in the Nenets Autonomous District. The Company paid RUB 3.6 billion for the license at auction.
