Selena Oil & Gas Holding AB published its Annual Report for 2013 and an auditor's report that deviates from the standard format on the 4th of June 21.00 hours.

Selena Oil & Gas Holding AB (publ) has on June 4th published its Annual Report
for 2013. The Company's complete Annual Report for 2013 and Corporate
Governance Report for 2013 are attached. Full reports are available for
download from Selena Oil & Gas Holding AB website www.selenaoil.com.


The auditor's report on the annual accounts and the consolidated accounts
includes an emphasis of matter paragraph on company's ability to continue as a
going concern. Furthermore, the auditor's report on other legal and regulatory
requirement deviates from the standard format by an opinion and disclaimer of
opinion, declaring inability to recommend discharge from liability for members
of the three boards that served during 2013. As a basis for this statement, the
auditors, among other things, mention the special audit report not yet made
public, and a dispute with a shareholder regarding the legality of the EGM held
on May 31, 2013, which not yet has been determined by the court.

The auditor's report follows the standard format in the opinion on the
Company´s financial statements.

 

For further information, please contact:

Magnus Stuart, CEO

+46 706 211 350

magnus.stuart@selenaoil.com

 

Selena Oil & Gas Holding AB (Publ) (former Emitor Holding AB) is engaged in the
exploration, production and transportation of oil and gas in the Volga-Ural
region in the Russian Federation, center in Perm. The Company´s shares are
temporarily not publicly listed, but the Company observes all rules, practices
and policies for any company subject to public listing. Selena Oil & Gas
Holding AB are in process of seeking for a new listing. Mangold Fondkommission
serves as before as the company´s Adviser on public information.