OREANDA-NEWS. June 10, 2008. Chairman of Vanco Prykerchenska Ltd. Board of Directors Gene Van Dyke said that the company has started a dialogue with the Ukrainian government on fulfilling obligations of a production sharing agreement to exploit oil and gas deposits at the Prykerchensky section of the Black Sea shelf.

He said that the company's representatives have to inform Ukrainian officials on technical conditions of the agreement.

He said that the company's leadership had already met with Prime Minister Yulia Tymoshenko and National Security and Defense Council Secretary Raisa Bohatyriova, who is also heading an interdepartmental working group on studying the legality of signing and executing the agreement.

Van Dyke said that the company continues working.

He expressed hope for a peaceful settlement of the conflict and said that Ukraine could lose significant investments, if a court precedent appears.