RNS Number:4667S
Baltic Oil Terminals Plc
07 March 2007

                            Baltic Oil Terminals PLC



                            ("Baltic"or "the Group")



                               Exploration Update





Baltic Oil Terminals PLC (AIM: BTC), the owner and operator of oil terminals in
Kaliningrad and with significant interests in exploration assets in the Kurgan
region of Western Siberia, Russia, announces results from the 2D seismic
conducted on the southern section of its Mokrousovsky licence block. These
results follow the receipt by Baltic of an interim Seismic Interpretation and
Mapping Report by RPS Energy.



During 2006, all of the company's licences were surveyed by Exotrad, one of the
world's leading providers of passive seismic and sub-surface oil and gas
surveys. Significant geochemical anomalies were identified in five of the seven
licences held, suggesting the possible presence of hydrocarbon structures. South
Mokrousovsky is the second anomaly to surveyed using conventional 2D seismic,
over which 339 km of new seismic has been shot.



Highlights:



*  One structural prospect has been identified in the south west of the
Mokrousovsky licence area.



*  The structure has a maximum area of closure of approximately 72 sq kms,
of which approximately 52 sq kms lie within the licence area.



*  The surface geochemical anomaly lies over the north eastern flank of
the structure within the licence area.



*  A drilling location has been recommended by RPS for the prospect, based
on the strong structure and geochemical coincidence.



In their report, RPS identified five key seismic horizons that have been mapped
in Mokrousovsky. One prospect has been identified in the south west of the block
and the structure, which has a maximum aerial closure of approximately 72 sq
kms, extends outside of the licence area, with an area of closure of
approximately 52 sq kms inside the licence area. However, the surface
geochemical anomaly lies over the north eastern flank of this structure and is
within the licence area. A drilling location has been identified and recommended
by RPS.



The Directors believe that the ongoing coincidence of the structures identified
by the seismic with the geochemical anomalies mapped by Exotrad is extremely
encouraging. Furthermore, Baltic's seismic database, consisting of both legacy
data and newly obtained results, now totals over 3,000 kilometres on the area
and is steadily growing.  As the Company acquires more knowledge, including
geochemical data and well passports, the risk associated with this type of
exploration should decrease.



Baltic's first well, Privolny-1, is due to spud imminently.  The results of the
Privolny well should provide Baltic with further information, following which
the ongoing drilling programme will be determined.



Simon Escott, CEO of Baltic, said:



"The fact that a very significant sub-surface structure has been identified in
south Mokrousovsky is extremely positive news. As with the nearby Privolny
block, this drillable prospect correlates with the independent geochemical
anomaly mapped last year and this in itself is significant. We continue to work
closely with RPS in determining the optimal way to maximise any potential
upside, particularly in view of the Privolny-1 well that should provide
invaluable new data in the coming weeks."



                                                                    7 March 2007

Enquiries


Baltic Oil Terminals plc                             +44(0) 1908 547936
Simon Escott



Pelham PR
Archie Berens                                        +44(0) 207 743 6679
Alisdair Haythornthwaite                             +44(0) 207 743 6676





Notes to Editors



Baltic Oil Terminals is a leading AIM listed infrastructure company with several
oil terminal businesses in Kaliningrad, Russia. The Group has an extensive
operational programme and is targeting capacity of 800,000 tonnes per month by
2009. In addition to its infrastructure activities, Baltic is also the operator
for exploration licences in the Kurgan region of Western Siberia, Russia and
plans, through its 50% subsidiary Zauralneftegaz, to drill up to four wells,
initially on its Privolny licence block.










                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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