• • 2022. 07. Launched a new drilling project for MET exemption application

    • 2022. 07. Sold 200 tons of Vinca oil

    • 2022. 06. Established a subsidiary in Uzbekistan named "Genesis Development CA"

    • 2022. 02. Sold 100 tons of Vinca oil

    • 2022. 02. A small group of shareholders visited Vinca oil fields sites.

    • 2022. 01. Proceeded work over of three exist oil wells (Schlumberger fracking, side-track)

    • 2021. 12. Exported Korean drilling rig from Korea to Vinca oil field in Russia

    • 2020. 04. Set up a semi-holding company in Cyprus

    • 2020. 04. Company name changed to Genesis Development Holdings Co.,Ltd

  • • 2020. 04. Finalized the legal dispute with minority shareholders by winning the exclusion

    case in the supreme court of the Russian Federation

    • 2019. 02. Extended license for Sub-oil Mineral Resource Use for 95 years (until 2114 Jan.)

    • 2018. 07. Filed an exclusive case against minority shareholder

    • 2016. 01. Obtained approval for oil development project proposal in 2016 from

    "ROSTEKNOZOR"

    • 2015. 12. Received blueprint design of horizontal wells by Geoburg Service in September in

    order for drilling in the first half of 2016

    • 2015. 11. Completed application to "ROSTEKNOZOR" for 2016 oil field development project

    proposal

    • 2015. 01. TIP completed

    • 2014. 09. Test for Industrial Production(TIP): No.4 well: About 18.0 tons/day,

    No.5 well: About 2.1 tons/day.

    • 2014. 09. Acquired commercial development license approved by Russian government

    • 2014. 04. Management changed

    • 2013. 12. Ryder Scott Company conducts its evaluation of the oil field to show the

    378.70 million barrels of contingent OOIP and 26.5 million barrels of

    contingent recoverable oil based on the primary recovery rate 7%

    • 2013. 04. Vinca's drilling 3 Test for Industrial Production (TIP) wells completed

    • 2012. 10. Independent reserve evaluation by Sinopec SPS submits report shows the

    geological presence of 44 million tons with proven and probable categories

    • 2010. 10. Tera Resource sign MOU with Bashkortostan Republic for the investment

    and development of natural resources such as petroleum, mineral deposit,

    and timber

    • 2010. 09. Federal Agency on Ecological, Technological, and Atomic Control issue

    certification for the accurate boundary of the mining allotment, assigned for

    the development of oil reserves, dissolved gas, and mineralized waters on

    Bakhtinsk deposit, Znamenskoye oil field

    • 2010. 08. State Reserve Committee approves additional recoverable reserve of 3.7

    million tons from the eastern sector to be of 15.127 million tons of

    recoverable reserves in total (equivalent to 110 million barrel in total)

    • 2009. 03. The State Reserve Committee approves the recoverable reserve of

    11,427,000 tons of oil (equivalent to 83.4 million barrel) in the licensed area

    • 2008. 07. Tera Resource (formerly Sego Entertainment) purchases 70% of equity of

    ZAO Vinca from Yedang Energy

    • 2007. 07. Yedang Energy purchases the 70% equity of ZAO Vinca who is entitled to

    operated the oil & gas exploration and production over the Znamenskove

    license in the Bashkortostan Republic, Russia Federation