Press Releases

Release of First Quarter Interim Report Q1, 2016

31.05.2016

 

The total production of crude oil in Q1 2016 amounted to 1.9 M bbl (Q1 2015: 8.1 M bbl) and lifting of oil containing liquid for test production, amounted to 11.0 Mbbl in Q1 2016

Q1 2016 EBITDA amounted to a loss of -1,528 TSEK (Q1 2015: loss of -918 TSEK). Q1 2016 EBITDA was heavily affected by one time cost as a result of a court resolution in Stockholm. In the case with a minority shareholder, the Company has been recognized court fee compensation payable to minority shareholder in the amount of 1,100 TSEK. Further legal costs related to the court case were incurred.

Operating profit amounted to a loss of -1,557 TSEK in Q1 2016 (Q1 2015: loss of -963 TSEK)

Q1 2016 Net Result was a loss of -1,894 TSEK (Q1 2015: a loss of -1,963 TSEK), including a net finance loss of -273 TSEK

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.

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 31st, 2016 at. 10:30.

 

Please press here to download the press message as a pdf file

Please press here to download the Q1 2016 interim Report as a pdf file

 


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