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2016-10-18

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

During September 2016, the Joint Activity (JA) led by Misen Energy AB
(publ) produced a total of 53.1 million cubic meters (mmcm) of
natural gas, 2.7 thousand tons (ktons) of gas condensate, 0.4 ktons
of oil and 0.6 ktons of liquefied petroleum gas (LPG). All LPG was
produced at Yuliyivska BCS.

During September 2016, the JA sold 55.9 mmcm natural gas what
represents production of August-September 2016. In addition 7.2 mmcm
of natural gas was used for the technical needs of operating
Khrestyshchenska booster compressor station. The stock of unsold
natural gas makes up zero balance as of the end of the September
2016.

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

During September 2016, the JA sold 0.6 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 traded on Nasdaq First
North since 12 June 2007.

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 were acquired by production
cooperation via a joint activity project governed by a Joint Activity
Agreement between at that time 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%), a subsidiary of the National Joint Stock Company Naftogaz
of Ukraine. PJSC Ukrgasvydobuvannya is the largest producer of
natural gas in Ukraine. The purpose of the Joint Activity Agreement
is to significantly increase production of gas and oil by providing
modern technologies via a large-scale investment program for the
purposes of attainment of profits.

In June 2016 Misen Energy AB (publ) sold 37.5 % of Misen Enterprises
AB shares to the Hong Kong based company Powerful United Limited.
Owning (the remaining) 62.5% of Misen Enterprises AB shares, Misen
Energy AB (publ) maintains full control of the company and preserves
a right to obtain 62.5% of the future dividends from the operations
in Ukraine.

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.

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 08:00 CET on 18 October 2016.

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http://news.cision.com/misen-energy-ab/r/september-2016-production-and-s...

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