The Board of Directors of REB wishes to announce that its producing asset in Kazakhstan, Emir-Oil LLP (“Emir-Oil”), has obtained authority approval to commence Trial Production Period ("TPP") of the North Kariman ("NK") Field for 15 months, from 1 October 2018 to 31 December 2019. The TPP approval allows Emir-Oil to put the NK wells on production, and this is expected to increase current oil production levels substantially.  

The approval of TPP for NK Field is a clear signal of the authority for the Company to proceed with the processes required to obtain a new Production Contract for the NK Field.

This announcement is dated 28 September 2018.