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Misen Energy AB: Misen Energy AB (publ) negotiates sales of 128 mmcm of natural gas

As of the end of the Q1 2014, Misen Energy AB (publ) and its
subsidiary LLC Karpatygaz have negotiated sales of 128 million cubic
meters (mmcm) of natural gas. Of this volume, 88 mmcm constitute 50%
of production volumes from Q1 2014, and 40 mmcm have been allocated
from the stock produced in 2013 and stored in the underground storage
facilities. This allows subsidiary LLC Karpatygaz to initiate a
series of payments associated with Joint Activity (JA) tax debts.
Sales of additional production entitlements are being negotiated.
This could provide grounds for the situation with production to
storage being discontinued, and uncertainty for the future business
and going concerns is thus expected to decrease. Management continues
monitoring situation and will inform the market accordingly.

For further information please contact:

Göran Wolff, MD

Telephone: +46 31 759 50 72

+46 709 45 48 48


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 OMX First North.

In 2011, Misen Energy AB (publ) acquired all shares in Misen
Enterprises AB and its wholly-owned Ukrainian subsidiary, LLC
Karpatygaz, including the rights to 50.01% of the revenue and profit
from a gas production project in Ukraine.

The rights and cooperation relating to the gas production is governed
by a Joint Activity Agreement among Misen Enterprises AB and LLC
Karpatygaz (together 50.01%) and PJSC Ukrgasvydobuvannya (49.99%),
the largest private producer of natural gas in Ukraine and subsidiary
of the National Joint Stock Company Naftogaz of Ukraine.

The purpose of the joint activity 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 Nasdaq OMX First North under identification
ticker MISE.

The Certified Adviser of the company at Nasdaq OMX First North is
Thenberg & Kinde Fondkommission AB.

For further information please visit our website

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