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2016-04-15

Misen Energy AB: Misen Energy AB (publ) has been put on the observation list

Misen Energy AB (publ) has been put on the NASDAQ Stockholm
observation list as of 15 April 2016 due to problems the company is
facing with financing of the Swedish operations. At present the
compay's funds will not last longer than till the end of April 2016
if no further financing comes in place.

The Board and management is at present involved in negotiations with
major shareholders as well as external investors in order to solve
the situation.

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/misen-energy-ab--publ--has-been...

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