A thoroughly planned and well prepared sophisticated
theft of Company’s assets was committed in October 2009 in one of BKE
subsidiaries. Some criminal offenders stole drill bits, very expensive and
important component parts used in the process of drilling operations.
Notwithstanding a potential menace of such
theft to our operations BKE managed to neutralize negative impact of the
committed crime. However the Company will not leave this crime unpunished. Law
enforcement bodies including police have initiated investigation activities.
Additionally, BKE retained specialized organizations and offered a
consideration to any individual, who would assist in investigation of the theft
and disclosing the crime. We have disseminated information of the stolen
equipment among manufacturers of drilling equipment, trading companies and
Such impudent crime is detrimental not only to
the Company’s proprietary rights but also brings into being corrupt and venal
practices in other companies operating in the industry. Such equipment may not
be easily sold out of hand, and, therefore, the criminals will be forced to
seek contacts with specialized companies.
Our Company in its practice does not encourage obtaining
any short-run benefits that could be derived from any proposals made by dubious
companies to the detriment of long-term relationships with reliable partners.
Eventually both vendors and buyers benefit from such policy. We are ready to
provide detailed information on the stolen equipment and theft method to all
We are confident that the criminals will be
punished and the measures taken by our Company will enable it to prevent such
crimes in other subsidiaries.