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2016-07-20

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

During June 2016, the Joint Activity (JA) led by Misen Energy AB
(publ) produced a total of 56.7 million cubic meters (mmcm) of
natural gas, 3.1 thousand tons (ktons) of gas condensate, 0.8 ktons
of oil and 0.3 ktons of liquefied petroleum gas (LPG). All LPG was
produced at Yuliyivska BCS.

During June 2016, the JA sold 56.3 mmcm of natural gas what represents
production of June 2016. The stock of unsold natural gas makes up 0.4
mmcm as of the end of the June 2016.

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

During June 2016, the JA sold 0.4 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.
This information is information that Misen Energy AB (publ) is obliged
to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of the
contact person set out above, at 13:20 CET on 20 July 2016.

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http://news.cision.com/misen-energy-ab/r/june-2016-production-and-sales-...

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