Press releases in English

2014 February 28

Information from Q4 2013 Misen Energy AB (publ)

Following is a summary of the financial information given in the Q4 report from Misen Energy AB (publ) published today. The complete report is available in both English and Swedish on the company's web-site:

Misen Energy AB (publ) Q4 2013

  • Daily production has increased 40 % compared with December 2012
  • Total production has increased 99.4 % compared to December 2012
  • Turnover has increased 6.3 % compared to December 2012
  • Accumulated earnings per share 9.8 % lower than 2012
  • Problems with not being accepted in the gas balance continue. This is having a negative effect on the result and the cash flow in the Misen Group.
  • A formal notice of investment dispute has been submitted to the Minister of Energy and Coal Industry of Ukraine

October – December

  • Consolidated group operating income KSEK -10,319 (KSEK 97,333)
  • Consolidated group net turnover KSEK 22,687 (KSEK 164,965)
  • Earnings per share SEK 0.05 (SEK 0.48)

January – December

  • Consolidated group operating income KSEK 286,429 (KSEK 350,673)
  • Consolidated group net turnover KSEK 623,575 (KSEK 586,646)
  • Earnings per share SEK 1.65 (SEK 1.83)

Accumulated production
                                                 Year-end 2013            Year-end 2012
Natural Gas (mmcm)*                         684                            343
* million cubic meters

The full interim report for the fourth quarter 2013 is published at the company’s web site ( and a printed version can be ordered at

For further information, please contact:

Göran Wolff, MD

Direct line: +46 31 759 50 72
Mobile: +46 709 45 48 48


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 NasdaqOMX First North.
In 2011, Misen Energy AB (publ) acquired Misen Enterprises AB and its Ukrainian subsidiary, Karpatygaz LLC, including the rights of 50.01% of the revenue and profit from a gas production project in Ukraine. In consideration of this acquisition, a new share issue was carried out.
The gas producing assets have been acquired by production cooperation via a joint activity project governed by a Joint Activity Agreement between the wholly-owned direct and indirect subsidiaries of Misen Energy AB (publ), i.e. Misen Enterprises AB and Karpatygaz LLC (together 50.01%) and PJSC Ukrgasvydobuvannya (49.99%), the largest producer of natural gas in Ukraine and subsidiary of the National Joint Stock Company Naftogaz of Ukraine. The value of the assets is estimated to be substantially higher than the purchase price for Misen Enterprises AB.
The purpose of the 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 First North under identification ticker MISE.
The Certified Adviser of the company at NasdaqOMX First North is Thenberg & Kinde Fondkommission AB.
For further information please visit our web site

« Back