English
Published: 2016-06-17 14:43:57 CEST
Misen Energy AB (publ.)
Announcement from First North
Misen Energy AB (publ) lifted from the Surveillance List
As of today Misen Energy AB (publ) has been lifted from the Surveillance List
on
Nasdaq First North Stockholm and the observation status has been removed.
This
happened as result of Misen Energy AB (publ) securing long-term financing
of the
Swedish operations. For details please refer to earlier press
release.
(http://misenenergy.se/en/main/news/press_releases?id=19518)
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%6
7%79.%73%65)

 info@misenenergy.se (%69%6e%66%6f@%6d%69%73%65%6e%65%6e%65%7
     2%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.