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Revision History For: KPY - Carpatsky Petroleum

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CARPATSKY PETROLEUM, INC. (ASE:KPY) is on the brink of success having just signed an Administrative Services Agreement with Torch Energy [NYSE:TRU] Advisors, Inc. of Houston, Texas.
The agreement was made by Carpatsky in order to strengthen western management over its two Ukrainian field development projects. In addition to providing Carpatsky with experienced financial, technical and administrative personnel on an as needed basis at reasonable costs, Torch has also provided Carpatsky with up to a Can. $1 million short term, interim loan and made a commitment to assist Carpatsky and its financial advisor, Proteus International, to raise equity capital for its Ukrainian operations.