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2016-05-17

Misen Energy AB: April 2016 production and sales report from Misen Energy AB (publ)

During April 2016, the Joint Activity (JA) led by Misen Energy AB
(publ) produced a total of 54.2 million cubic meters (mmcm) of
natural gas, 3.0 thousand tons (ktons) of gas condensate, 0.4 ktons
of oil and 0.5 ktons of liquefied petroleum gas (LPG). All LPG was
produced at Yuliyivska BCS.

During April 2016, the JA sold 54.2 mmcm of natural gas what
represents production of April 2016. The stock of unsold natural gas
remains at zero balance as of the end of the April 2016.

All gas condensate and oil produced during April 2016 has been
transferred to further processing and subsequent sales.

During April 2016, the JA sold 0.5 ktons of LPG.

For further information, please contact:

Göran Wolff, MD

Direct line: +46 31 759 50 72
Mobile: +46 709 45 48 48
E-mail: goran@misenenergy.se (%67%6f%72%61%6e@%6d%69%73%65%6e%65%6e%65%72%67%79.%73%65)
info@misenenergy.se (%69%6e%66%6f@%6d%69%73%65%6e%65%6e%65%72%67%79.%73%65)

Misen Energy AB (publ) (formerly Svenska Capital Oil AB (publ)) is a
Swedish upstream oil and gas company with operations in Ukraine. The
company was founded in 2004 and its shares are since 12 June 2007
traded on Nasdaq First North.

In 2011, Misen Energy AB (publ) acquired Misen Enterprises AB and its
Ukrainian subsidiary, LLC Karpatygaz, including the rights to 50.01%
of the revenue and profit from a gas production project in Ukraine.
Under IFRS rules, this transaction is classified as a reverse
takeover. In consideration of the acquisition, a new share issue was
carried out.

The gas producing assets have been acquired by production cooperation
via a joint activity project governed by a Joint Activity Agreement
between the wholly-owned direct and indirect subsidiaries of Misen
Energy AB (publ), i.e. Misen Enterprises AB and LLC Karpatygaz
(together 50.01%) and PJSC Ukrgasvydobuvannya (49.99%), the largest
producer of natural gas in Ukraine and subsidiary of the National
Joint Stock Company Naftogaz of Ukraine. The value of the assets is
estimated to be substantially higher than the purchase price for
Misen Enterprises AB.

The purpose of the project is to significantly increase production of
gas and oil by providing modern technologies via a large-scale
investment program.

The registered office of Misen Energy AB (publ) is in Stockholm and
the shares are traded on First North under identification ticker
MISE.

The Certified Adviser of the company at Nasdaq First North is
Consensus Asset Management AB (formerly Thenberg & Kinde
Fondkommission AB).

For further information, please visit our website www.misenenergy.se.
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http://news.cision.com/misen-energy-ab/r/april-2016-production-and-sales...

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