News: Cossack Energy to update Polish acquisition, raise capital, page-2

COD Cossack Energy has just secured a cornertone investor from a European Based fund, Mont Blanc Captital Management AG, for approximately 8% of the company.highly anticipated next 6 month work program both in Poland and the Ukraine. Market Cap : $5.5mn (3 cents last traded) Cash : $3.5mn EV: $2 mn Bieszczady Project, Poland (Cossack 24%, San Leon 25%, PGNiG 51%) Cossack flow testing program on the Nieb-1 discovery well.expect this to happen in Q3 2014. Development scenarios are well advanced and we could expect revenue to be generated as of Q2 2015. Limnytska Project, Ukraine (Cossack 100%) · Updated independent experts report with expected upgrade of the P50 prospective resource on the Limnytska block, Ukraine. Currently sitting at 832 BCF. Near term Catalyst! · Opening a data room post the resource . · Drilling the Shallow prospect in June 2015. Cossack has been able to secure a cheap entry to the Polish acquisition because the seller is effectively distressed and unable to meet its work commitments over the next 6 months. The equivalent of over $9m has been spent on the Polish assets and Cossack is picking up a 24% interest for $1 million (staged), plus work commitments of circa $2 million.