ST. HELIER, Jersey, Jan. 18, 2013 /CNW/ - EastSiberian Plc (the
"Corporation"), an international junior oil exploration company
incorporated in the Bailiwick of Jersey, announces that at its Annual
General Meeting held on January 18, 2013, the current slate of
directors was re-elected, the stock option plan of the Corporation was
ratified, and the shareholders agreed to re-appoint KPMG LLP as
auditors of the Corporation for the ensuing year.
Relinquishment of the Tigilskaya Exploration Licence
The Corporation also announces that it has applied to relinquish the
Tigilskaya exploration licence in Kamchatka, Russia. This licence was
obtained from the Russian Government in September 2011 on the basis of
defined work commitments. The Corporation has attempted to find a joint
venture partner to farm into the licence, but has not been successful
to date. The Company has decided to relinquish the licence and focus on
proven oil basins in Russia. The relinquishment of the licence awaits
final approval from the Russian Government. There were no penalties or
other costs associated with the relinquishment and this marks the
completion of activity and licence holdings in the Kamchatka region.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
For further information in respect of the Corporation, please visit the
Corporation's website at: www.eastsiberianplc.com
SOURCE: EastSiberian Plc
For further information:
St. Helier, Jersey
St. Helier, Jersey,
Tel: +44 7733 363 016 or +1 403 630 2367
Vice President, Corporate Planning
c/o 1000, 505 - 3rd Street S.W.
Calgary, Alberta, Canada
Tel: +1 403 984 5132
Cell: +1 403 690 6230