Press Releases

12 months 2011: Production increased by 29.5% to 120.6 Mbbl (93.1)

29.02.2012

Press release, Stockholm 29th of February, 2012

12 months 2011: Production increased by 29.5% to 120.6 Mbbl (93.1)

 

The 12 months report for the period Jan-Dec 2011 of Selena Oil & Gas Holding AB (publ) showed that production increased by 29.5 % to 120.6 Mbbl as compared to the same period in 2010 (93.1). Furthermore, during the fourth quarter production increased by 46.0% to 32.7 Mbbl (22.4).
 
Sales revenue amounted to 44,567 TSEK in 12 months period and increased by 91.1% as
compared to respective period in 2010 (23,327).
 
During the fourth quarter Selena Oil & Gas Holding AB continued active work and obtained
technical conditions for connection to Gazprom pipeline by 2014 and closed a transaction for
acquisition of OOO KRT-OilGasTrans, a group of companies in Perm region. As the result of
transaction Selena Oil & Gas Holding AB's 2P reserves increased by 18.7 Mmboe and now
amount to 41.3 Mmboe.
 
For full financial report, please see attachment. The report will also be published on
www.selenaoil.com.

 

For further information, please contact:
Indrek Rahumaa, Chairman of the Board, phone +372 509 2080 or +7 (916) 180 31 62, e-mail: indrek.rahumaa@selenaoil.com

 

Selena Oil & Gas Holding AB (publ) (former Emitor Holding AB) is engaged in the production of oil and in the Volga-Ural region in the Russian Federation, including Perm and Udmurtia. The company is listed on NASDAQ OMX First North Premier in Stockholm under the ticker SOGH. Mangold Fondkommission is the company´s Certified Adviser and liquidity provider, telephone +46 8-503 015 50.

 Click here to download in PDF format

 


Click here for Emitor Holding AB (publ) Press releases 2008 – 2011