January 2015 production and sales report from Misen Energy AB (publ)

During January 2015, the Joint Activity (JA) led by Misen Energy AB (publ)
produced a total of 52.1 million cubic meters (mmcm) of natural gas,
2.5 thousand tons (ktons) of gas condensate and 0.8 ktons of oil.

During January 2015, the JA sold 58.1 mmcm of natural gas, from which 52.1 mmcm
represent the total production of the month of January 2015, and 6.0 mmcm
represent production of December 2014. The stock of natural gas as of the end of
January 2015 is 19.9 mmcm, which constitutes the remaining unsold production of
December 2014. Market conditions are favorable to facilitate sales of
unsold produce as the latest decisions of Ukrainian courts have cancelled the
previously adopted resolution enforcing purchase of natural gas exclusively via
NJSC “Naftogaz of Ukraine” (please refer to our press release of 20 November
2014).

All gas condensate and oil produced during January 2015 has been transferred to
further processing and subsequent sales.
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
                 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 Stockholm 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 Stockholm First North is
Consensus Asset Management AB (formerly Thenberg & Kinde Fondkommission AB).
For further information, please visit our website www.misenenergy.se.