MEDIA CENTRE

Interim Results for the six month ending 30 June 2007

13/08/2007

Baltic Oil Terminals (AIM: BTC) today announces interim results for the six month ending 30 June 2007. Baltic has interests in several oil terminal businesses in Kaliningrad, Russia. In addition to its infrastructure activities, the Company is also the operator of exploration licences in the Kurgan region of Western Siberia, Russia.

Highlights:

• Acquisition of 25% interest in Rosbunker (30% earned interest for 24 months) - newly constructed, operating and the only deep sea commercial terminal in Kaliningrad



• Tetoil Baltic and TDKN expected to commence operations in 2H 2007.



• Baltic Top performing above expectations



• Privolny exploration drilling showing encouraging results for prospectivity of the acreage,



• Cash flow expected to significantly increase with income from Rosbunker and other operations coming on stream

Simon Escott, Chief Executive, commented:

'Baltic has made substantial progress in the first half of 2007 and we are on track to create a strong operational platform. We are delivering on our aims to generate significant cash flow and the acquisition of Rosbunker reflects the Company's ability to successfully grow its current portfolio. This will also enable the Company to generate further revenue by offering agency and handling services to clients.

In the second half of 2007 we are on track to significantly add to shareholder value. Our position in Kaliningrad is solid and we expect to spud our second well in Kurgan in late September as planned.'

Enquiries:

View the full press release in PDF format.

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