Selena Oil & Gas Company is an upstream oil and gas player, with assets holding proved reserves in the Perm region, in the Russian Federation.

The Company currently focusing its resources and activities to develop Borkmosskoye, Fedortsovskoye and Kulighinskoye oil fields. These oil fields holds several temporary abandoned oil wells. These oil wells were drilled, tested and documented as oil discoveries, often more than 25 years ago. Immediately after production tests, the wells were carefully sealed pending a subsequent decision to commission for official production. The Group regards the reworking of these wells as an attractive opportunity to establish a significant production of oil and gas with limited investments. 

The company’s parent company is based in Stockholm, Sweden while assets are based in Volga – Ural region in the Russian Federation. In May 2011 the company was listed on Nasdaq OMX First North with the objective to gain access to the capital markets to start its expansion program. Strategies was to build own production, to purchase additional new licences and to make acquisitionsof regional players.

Following a decision from the Disciplinary Committee of Nasdaq, Selena Oil & Gas Holding lost its position on First North Premiere in May 2014. It is the explicit strategy of the Company to apply for a new attractive listing as soon as possible. Presently the principal obstackle to reach a position as a listed entity, is the Companys unsettled disputes with a shareholder.