Misen Energy AB (publ) subsidiary commissions a third Booster Compressor Station

On 27 June 2014, the Joint Activity (JA) led by LLC Karpatygaz, subsidiary of Misen Energy AB (publ), commissioned a Booster Compressor Station (BCS) at East-Poltava gas and condensate field (GCF) in Poltava Region, Ukraine. This is a third BCS installation in Ukraine constructed within the framework of investment program agreed by JA. The commissioning ceremony was attended among others by Mr. Sergiy Kostiuk, Chairman of the Board of PJSC Ukrgasvydobuvannya and representatives of the Ministry of Energy and Coal Industry of Ukraine.

East-Poltava BCS features Ariel turbo-compressor units driven by Caterpillar gas turbine supplied by Propak Systems (Canada). Projected BCS capacity of 0.75 MW will allow to stabilize and maintain the necessary operational pressures within the East-Poltava GCF and will provide for additional gas production to JA of 18 million cubic meters (mmcm) annually. The combined capacity of two BCS commissioned in June 2014 is expected to generate an increase of gas production to JA in the range of 7%.

For further information please contact:

Göran Wolff, MD

Telephone:   +46 31 759 50 72
                        +46 709 45 48 48
E-mail:           goran@misenenergy.se
                        info@misenenergy.se

Misen Energy AB (publ) (formerly Svenska Capital Oil AB (publ)) is a Swedish upstream oil and gas company with operations in Ukraine. The company was founded in 2004 and its shares are since 12 June 2007 traded on NASDAQ OMX First North.
In 2011, Misen Energy AB (publ) acquired all shares in Misen Enterprises AB and its wholly-owned Ukrainian subsidiary, LLC Karpatygaz, including the rights to 50.01% of the revenue and profit from a gas production project in Ukraine. The rights and cooperation relating to the gas production is governed by a Joint Activity Agreement among Misen Enterprises AB and LLC Karpatygaz (together 50.01%) and PJSC Ukrgasvydobuvannya (49.99%), the largest private producer of natural gas in Ukraine and subsidiary of the National Joint Stock Company Naftogaz of Ukraine.
The purpose of the joint activity project is to significantly increase production of gas and oil by providing modern technologies via a large-scale investment program.
The registered office of Misen Energy AB (publ) is in Stockholm and the shares are traded on NASDAQ OMX First North under identification ticker MISE. The Certified Adviser of the company at NASDAQ OMX First North is Thenberg & Kinde Fondkommission AB.
For further information please visit our website www.misenenergy.se.