On September 5, 2011, LLC Georgian Oil and Gas Corporation was reorganized into a Joint Stock Company.

Partnership Fund owns 100% of the corporate shares. The Partnership Fund itself is owned by the state. 100% GOGC’s shares are transferred to the Ministry of Energy with management rights.

Charter capital of the company amounts to GEL 572 591 100. Charter capital is divided into 28 629 555 ordinary shares. Nominal value of one share is GEL 20.