West Siberian Resources Limited: Interim report for the quarter and nine months ended September 30, 2007

West Siberian Resources Limited: Interim report for the quarter and  nine months
ended September 30, 2007

• Total revenue increased by 23% to MUSD 103.3 (MUSD 84.0) for the quarter and
by 34% to MUSD 245.9 (MUSD 183.3) for the nine months.

• The quarterly net result amounted to MUSD 19.4 (MUSD 17.9)* and the nine
months net result amounted to MUSD 25.1 (MUSD 31.8).

• EBITDA amounted to MUSD 32.7 (MUSD 33.1) for the quarter and to MUSD 73.2
(MUSD 67.2) for the nine month period.

• Earnings per share amounted to USD 0.02 (USD 0.02) per share for the quarter
and to USD 0.02 (USD 0.03) per share for the nine month period. 

• Currency exchange gains of MUSD 12.6 (MUSD 3.2) and settlement charges of MUSD
4.6 were recorded in the quarter.

• Oil production increased by 20% to 2,824,704 barrels for the quarter and by
36% to 7,507,062 barrels for the nine month period.

• The October monthly oil production exceeded 1 million barrels.

• Oil prices have continued to rise in the fourth quarter.

*Comparisons reflect the quarter and the nine months ended September 30, 2006
which included gains of MUSD 5.8 from the disposal of shares in subsidiaries.


For further information:
Maxim Barski, Managing Director, telephone +7 495 956 4882
Eric Forss, Chairman of the Board, telephone +46 8 613 00 85.