Carcetti Capital Corp V.CART.H

NAFTA now buying leases in Eastern Ukriane

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Bratislava, October 31, 2019 - NAFTA, through its subsidiary NAFTA RV LLC in Ukraine, has participated in a tender for Vatazhkiv license. With its bid in the auction succeeded and obtained a license Vantazhkivske near the city of Poltava. NAFTA has participated in an online auction offering five licenses covering a total area of more than 700 km 2 . According to the official results of the tender, the company was successful with its offer. Once all the conditions and other formal steps have been fulfilled , NAFTA will acquire a license for the exploration and subsequent production of hydrocarbons under that license for 20 years. The main objective of the company is to use its long-term experience, to comprehensively explore the potential of the license and to identify all extractable stocks. NAFTA has been active in Ukraine since 2016, when it acquired fifty percent of its license for exploration and production of hydrocarbons in the west of Ukraine with CUB Energy Inc. In this exploration region, NAFTA and its partner carried out a 3D seismic survey and in September 2019 began the first exploration well under the Uzhhorod license.