Press Releases

Selena Oil & Gas Holding approved for trading on First North

21.06.2011

Selena Oil & Gas Holding approved for trading on First North

Selena Oil & Gas Holding AB (publ) is pleased to announce that the company has received approval for trading of its shares on NASDAQ OMX First North, Stockholm list, and is taken off the observation list. A company description has been prepared in accordance with the First North rules and made available on the company’s website. The full company description is also made available as an attachment to this press release.

The company description includes inter alia the following information:

Information on the reserves
According to the report of DeGolyer & MacNaughton, which will be published in June 2011, the company’s 2P reserves are estimated to be 22.6 Mmboe, 3P to 31.8 Mmboe, and prospective resources are estimated to 90.3 Mmboe.

Production
The company’s production volume in May 2011 reached 332 bopd (2010 average: 260).
According to the DeGolyer & MacNaughton report, the company’s production capacity, when
fields will be fully developed (excluding potential production from prospective resources), is
estimated at 6,501 boepd. Capital expenditure to reach this level of production is estimated to be MUSD 108.

Strategy
The company intends to focus on improvement of usage of existing assets, acquiring additional
regional oil and gas assets and expanding its oil-trading activities using its proprietary Transneft
access point.

As of tomorrow, 22nd of June, the Selena Oil & Gas Holding’s share will be traded under the
symbol “SOGH”.

Mangold Fondkommission has been engaged as the company’s Certified Adviser and liquidity
provider in conjunction with the listing on First North.

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

Selena Oil & Gas Holding AB (publ) is engaged in the production of oil and gas in the Volga-Ural region in the Russian Federation, including Perm and Udmurtia. As a result of a non-cash issue decided upon on an extraordinary general meeting on the 6th of May 2011 in Selena Oil & Gas Holding AB (previously Emitor Holding AB), listed on NASDAQ OMX First North in Stockholm, the current operation of Selena Oil & Gas Holding AB was acquired by the group. Mangold Fondkommission is the company´s Certified Adviser and liquidity provider, telephone +46 8-503 015 50.

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