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2016-01-18

Misen Energy AB: December 2015 production and sales report from Misen Energy AB (publ)

During December 2015, the Joint Activity (JA) led by Misen Energy AB
(publ) produced a total of 54.6 million cubic meters (mmcm) of
natural gas, 2.5 thousand tons (ktons) of gas condensate, 0.9 ktons
of oil and 1.3 ktons of liquefied petroleum gas (LPG). All LPG was
produced at Yuliyivska BCS.

During December 2015, the JA sold 45.6 mmcm natural gas what
represents production of December 2015. In addition 9.0 mmcm of
natural gas was used for the technical needs of operating
Khrestyshchenska booster compressor station. The stock of unsold
natural gas remains at a zero balance as of the end of the December
2015.

All gas condensate and oil produced during December 2015 has been
transferred to further processing and subsequent sales.

During December 2015, the JA sold 1.5 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
info@misenenergy.se

Misen Energy 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 Stockholm.

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.
In consideration of this 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
Stockholm is Consensus Asset Management AB.

For further information, please visit our website www.misenenergy.se.
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http://news.cision.com/misen-energy-ab/r/december-2015-production-and-sa...

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