As of 31 March 2016, the Group had 1 employee. All the other of the Group’s staff are hired on a consulting basis.
The parent company, Interfox Resources AB (publ) (corporate ID no. 556658-6797), has its registered office in Stockholm Municipality, Stockholm County, Sweden. Interfox Resources has a wholly-owned subsidiary: Mezhlisa Resources Cyprus Ltd (”Mezhlisa”), with its registered office in Nicosia, Cyprus. Mezhlisa in turn is successively acquiring 74 percent of the shares of OOO Bakcharneftegaz (“BNG”), which owns a prospecting and production licence in the Tomsk region of Russia. Ownership of BNG is transferred to Mezhlisa as the agreed investments in the oil concession are made. This financing commitment totals USD 12.4 million. The other owner of BNG is geologist Mikhail Malyarenko. Interfox Resources AB (publ) used to be called Archelon Mineral AB (publ).
The parent company provides financing, sets the strategic guidelines and takes responsibility for reporting to the market. Mezhlisa Resources Cyprus Ltd serves as a co-owner of BNG and is responsible for related contract follow-up, including being the direct financing partner of BNG and ensuring that the project is executed according to the agreed corporate governance principles etc. The parent company assists with resources for this task.