Report on sales and gas balance from Misen Energy AB (publ)


During the first five months of 2014, Misen Energy AB (publ) and its subsidiary
LLC Karpatygaz have concluded sales of 233 million cubic meters (mmcm) of
natural gas. This volume includes previously announced sales of 128 mmcm and
comprises a mix of natural gas produced in 2013 stored in the underground
storage facilities and natural gas produced during January – April 2014.

In addition, a substantive progress has been reached in negotiating re-inclusion
of the LLC Karpatygaz led Joint Activity (JA) into the gas balance. As of 4 June
2014, the JA has been included into the gas balance regarding the whole
production of May and June 2014, representing a total estimated volume of 123
mmcm. This allows LLC Karpatygaz to continue payments associated with the JA
debts and prepare the grounds for possible reactivation of currently suspended
investment program. Even though the aforesaid re-inclusion into the gas balance
does not represent a permanent solution as of yet, it further strengthens notion
that the situation with production to storage will be discontinued, and thus
decreases uncertainty for the future business and going concern.


For further information please contact:

Göran Wolff, MD

Telephone:  +46 31 759 50 72
                  +46 709 45 48 48
E-mail:        goran@misenenergy.se
                  info@misenenergy.se


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 www.misenenergy.se

This press release contains certain forward-looking statements that reflect the
company’s current views or expectations of future events, including the
company's future performance, business prospects and opportunities. Forward
-looking statements include, but are not limited to, statements with respect to
estimates of reserves and or resources, future production levels, ultimate
recovery of reserves or resources, estimates of amounts not yet determinable and
assumptions of management. All statements other than statements of historical
fact may be forward-looking statements. Statements concerning proven and
probable reserves and resource estimates may also be deemed to constitute
forward-looking statements and reflect conclusions that are based on certain
assumptions that the reserves and resources can be economically exploited. Words
such as “intends", anticipates", "expects", "plans", "estimates", "may", and
similar expressions regarding indications or predictions of future developments
or trends that are not based on historical facts, constitute forward-looking
information. Although the company believes that these statements are based upon
reasonable assumptions and expectations, the company cannot give any assurances
that any such forward-looking statements will materialize. Because these forward
-looking statements involve both known and unknown risks and uncertainties,
actual results may differ materially from the information set forth in the
forward-looking information. Forward-looking statements in this press release
apply only at the time of the press release. The company does not intend, and
does not assume any obligation, to update these forward-looking statements,
except as required by applicable laws.