Interim report for the quarter and nine months ended September 30, 2009*

* Total revenue amounted to MUSD 489.9 (MUSD 893.7) for the quarter and MUSD
1,181.7 (MUSD 2,311.9) for the nine months period. 

* EBITDA amounted to MUSD 112.3 (MUSD 226.2) for the quarter and to MUSD 297.7
(MUSD 578.8) for the nine months period. 

* The quarterly net result amounted to MUSD 59.6 (MUSD 131.6) and the nine
months net result amounted to MUSD 156.7 (MUSD 336.9). 

* Earnings per share amounted to USD 0.34 (USD 0.80) per share for the quarter
and to USD 0.94 (USD 2.44) per share for the nine months period. 

* 5.9 million barrels were refined and 3.9 million barrels produced for the
quarter and 16.2 million barrels were refined and 12.2 million barrels produced
for the nine months period. 

* Convertible bond offering raised MUSD 265.0 in the third quarter. 

* Acquisition of gas stations expanded retail network in the Amur region. 

* A successful exploration well was drilled in the Timano-Pechora region. 


“In the third quarter 2009, our solid operating performance continued. We report
significant revenue growth compared to the second quarter. The operating margin 
increased as upstream and downstream margins improved. The two segments         
contributed equally to EBITDA”, said Arsen Idrisov, Alliance Oil Company's      
Managing Director.                                                              


*Comparisons reflect Alliance Oil Company Ltd (former West Siberian Resources   
Ltd) financial and other information for the nine months and quarter ended      
September 30, 2008.                                                             


Conference call                                                                 
Date: Thursday November 26                                                      
Time: 10.00 CET                                                                 

To participate to the conference call please dial:                              
Sweden: +46                                                                     
(0) 8 5051 3641 confirmation code 6144297;                                      
Other countries: +44 (0) 20 7138 0826                                           
confirmation code 6144297.                                                      

The conference call will be webcasted live at                                  
www.allianceoilco.com and www.financialhearings.com.                            
The conference will be available at www.allianceoilco.com.                      



Alliance Oil Company Ltd is a leading independent oil company with vertically   
integrated operations in Russia and Kazakhstan. Alliance Oil has proved and     
probable oil reserves of 487 million barrels, oil production of approximately   
43,300 barrels per day, refining capacity of 70,000 barrels per day and a       
network of gas stations and wholesale oil products terminals. Alliance Oil's    
depository receipts are traded on the NASDAQ OMX Nordic under the symbol AOIL.