History

Selena Oil & Gas Holding AB (publ) (“SOGH”, the “Company”, “Selena” and together with its subsidiaries the “Group”) is an independent Swedish oil and gas holding company with proved assets based in the Russian Federation. Selena is engaged in the exploration of oil in the Volga-Ural region of the Russian Federation, including in Perm and Udmurtia. The Volga-Ural region has a well-developed infrastructure as well as a high concentration of heavy industry. Several major oil and gas pipelines pass through the region. The Volga-Ural region is located in the European part of Russia.

Selena Oil & Gas AB was established by entrepreneurs Mr. Oleg Popov, Mr. Indrek Rahumaa, Mr. Jurgen Lamp, Mr. Vyacheslav Pershukov and Mr. John Bonfield on 7 July 2010 with the purpose to consolidate various oil and gas assets in the Volga-Ural region of the Russian Federation, more specifically in Perm and Udmurtia regions.

Selena Oil & Gas AB acquired its first energy assets in November 2010 when the company agreed to acquire OOO Selena-Perm, a Russian oil company as the surviving entity. The history of OOO Selena-Perm dates back to 1997, and it started oil production in 2001.

May 2011 Selena Oil & Gas AB became a 100% subsidiary of Emitor Holding AB (publ) which was renamed to Selena Oil & Gas Holding AB. The former shareholders of Selena Oil & Gas AB acquired 97.5% of all shares in Selena Oil & Gas Holding AB.