EBITDA for Q1 2015 amounted to SEK - 0,918 M as compared to SEK 1,929 M
in Q1 2014. Net Result is a loss of SEK -1,963 M (Q1 2014 reported a
loss of SEK 0,050 M), including a financial loss of SEK 0,986M.
Revenue from sales of crude oil during Q1 2013 amounts to SEK 1,552 M
(2014 - no revenue).
During the first quarter, the Company has produced a total 8 100 bbl of
crude oil corresponding to an average daily production of 90 bbl. Sale
of crude oil has fetched an average of SEK 192 per bbl corresponding to
USD 22 per bbl.
The entire Q1 report is attached to the press release, and is also
published on www.selenaoil.com.
For further information, please contact:
Magnus Stuart, CEO
+46 706 211 350
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.
The information in above press release is of such character that Selena
Oil & Gas Holding AB (publ) must disclose to act in accordance the
Securities Markets Act and / or the Act regarding trading with financial
instruments. The information was submitted for publication on May 29th,
2015 at.08:30.
