ANNUAL REPORT PUBLISHED ON WEBBSITE
As of today,Petrogrand's Annual Report for 2010 is available at the company's
webbsitewww.petrogrand.se
The printed version will be available at the Company's office, BirgerJarlsgatan
41A, 111 45 and can be ordered through info@petrogrand.se or by phone at
08-5000 78 10.
Petrogrand'sbusiness concept is to carry on oil production via acquired Russian
oil companies and oil licenses. Petrogrand will also manage, enhance and sell
Russian oil assets.
For further information, please contact:
Maks Grinfeld, CEO, phone: +46 8 5000 7810
Sven-Erik Zachrisson, Chairman, phone: +46 8 41 05 45 96
Certified Adviser First North: MangoldFondkommissionAReasonable caution
notice: The statement and assumptions made in the company's information
regarding Petrogrand AB's ("Petrogrand") current plans, prognoses, strategies,
concepts and other statements that are not historical facts are estimations or
"forward looking statements" concerning Petrogrand's future activities. Such
future estimations comprise but are not limited to statements that include words
such as "may occur", "concerning", "plans", "expects", "estimates", "believes",
"evaluates", "prognosticates" or similar expressions. Such expressions reflect
the management of Petrogrand's expectations and assumptions made on the basis of
information available at that time.
These statements and assumptions are subject to a large number of risks and
uncertainties. These, in their turn, comprise but are not limited to i) changes
in the financial, legal and political environment of the countries in which
Petrogrand conducts business, ii) changes in the available geological
information concerning the company's projects in operation, iii) Petrogrand's
capacity to continuously guarantee sufficient financing to perform their
activities as a "going concern", iv) the success of all participants in the
group, or of the various interested companies, joint ventures or secondary
alliances, v) changes in currency exchange rates, in particular those relating
to the RUR/USD rate. Due to the background of the many risks and uncertainties
that exist for any oil-prospecting venture and oil production company in its
initial stage, Petrogrand's actual future development may significantly deviate
from that indicated in the company's informative statements.
[HUG#1518569]
