29 November 2011, Kyiv: Salans advised Canadian TSXV listed 3P International Energy Corporation on its pilot Ukrainian USD 17 million acquisition of JSC Tysagaz, a Ukrainian oil and gas company with production and exploration licenses in Western Ukraine. The project involved legal due diligence of the target company, all aspects of transaction structuring and filing for the approval of the Antimonopoly Committee of Ukraine.

Salans’ team in Kyiv, Ukraine was lead by Myron Rabij (Partner) with key support from Yaroslav Malomuzh (Associate), Oleg Kuchanskyy (Counsel), Anzhelika Shtukaturova (Associate), and Boris Schwarzer (Associate). Additional assistance was provided by Salans New York and Salans Berlin.

About 3P International Energy Corp.

3P International Energy is a Canadian-based company focused on the exploration and development of oil and gas reserves in Eastern Europe. In the Transcarpathian basin of Ukraine, 3P is now the 100% owner and operator of a 20 year production license with a gas producing asset, as well as three exploration licenses with exploration targets and a further development opportunity on a total of 320 km/sq. The company's strategy is to use proven technology, capital, and expertise to grow the reserves base and build a portfolio of low cost gas production assets in Eastern Europe to capitalize on high regional gas prices. 3P shares are traded on the TSX Venture Exchange under the stock symbol DOH.

About Tysagaz

Tysagaz is an operating company in Western Ukraine with all required permits, technical and human resources for oil and gas exploration, production and marketing. The company’s head office is located in the city of Uzhgorod (in the Transcarpathian region). The company was set up to produce natural gas with an initial focus on the Transcarpathian region of Western Ukraine.

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