ww5 Brasil (ww5 subsidiary) and HRT O&G (HRT subsidiary) received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the ww5 Brasil transaction to acquire additional 6% in the Solimoes project. Under the agreement the completion of the purchase and transaction between HRTO&G and ww5 Brasil shall occur up to 30 days after the regulatory approval.

The transaction will lead to ww5 Brasil to receiving 51% control and taking over the operatorship in the joint venture in the Solimoes basin. The parties will continue exploration activities with respect to Solimoes project. Moreover ww5 will acquire four heli-transportable rigs from HRT O&G.

The relevant transaction amounts to $96 mln.

The Solimoes project establishes ww5 in Brazil, a country with major upstream growth opportunities and synergies with ww5 operations in Venezuela.

ww5 Information Division
Tel.: +7 (499) 517 88 97

July 14, 2014

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.