Misen’s board appoints an audit and a remuneration committee

At Misen Energy AB board meeting on June 26, the board appointed an audit committee and a remuneration committee within the board.

The Audit committee comprises:

• Dimitrios Dimitriadis as chair
• Knud Nørve as member
• Sergiy Petukhov as member

The Remuneration committee comprises:

• Hans Lundgren as chair
• Tore I. Sandvold as member
• Andrius Smaliukas as member

The major shareholders of Misen Energy will propose to the AGM 2014 that a nomination committee be appointed, comprising Sergey Probylov as chair and members Tore I. Sandvold, Dimitrios Dimitriadis and Sergiy Petukhov. Until the AGM 2014, the major shareholders have asked the same persons to function as nomination committee and thus to make the proposals to be made by the nomination committee for the AGM 2014.

For further information please contact:

Göran Wolff, MD

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

Misen Energy AB (publ) (former  Svenska CapitalOil AB(publ) is a Swedish oil and gas exploration and extraction company with operations in Ukraine. The company was founded in 2004 and the share is since June 12, 2007, traded on NasdaqOMX First North.  
In 2011 Misen Energy AB acquired Misen Enterprises AB and its Ukrainian subsidiary, Karpatygaz, including the rights of 50.01 % of the revenue and profit from a gas production project in Ukraine.  As consideration of this acquisition a new share issue was performed.
The gas extraction assets have been acquired by production cooperation via a joint activity project governed by a Joint Activity Agreement (the “JAA”) between the wholly owned subsidiaries of Misen Energy AB, i.e. Misen Enterprises AB, Karpatygaz (together 50.01%) and Ukrgasvydobuvannya, (49.99%) the largest producer of natural gas in Ukraine and subsidiary of the publicly owned company Naftogaz, Ukraine. The value of the assets is estimated to be substantially more than the purchase price for Misen Enterprises AB.
The purpose of the project is to significantly increase production of gas and oil by implementing new technology and a large-scale investment program.
The registered office of Misen Energy AB is in Stockholm and the shares are traded on First North under identification MISE.
The Certified Adviser of the company at NasdaqOMX First North is Thenberg & Kinde Fondkommision AB.
For further information please visit our web site www.misenenergy.se