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

In late May 2014 a Joint Activity (JA) led by LLC Karpatygaz, subsidiary of Misen Energy AB (publ), commissioned a Booster Compressor Station (BCS) at Rozpashnivske gas field in Poltava Region, Ukraine. As of the beginning of June 2014, Rozpashnivske BCS (1.08 MW) is fully operational. It would allow stabilizing and maintaining all necessary operating pressures within the Rozpashnivske gas field and would ensure additional gas production to the JA in the amount of 30 million cubic meters (mmcm) of natural gas per year as well as the additional production of gas condensate.

The JA is in charge of constructing and making operational thirteen BCS in Ukraine. In September 2012 the first Yuliyivska BCS was commissioned. Rozpashnivske BCS is the second successful installation. This was made possible due the previously announced positive developments with the gas balance and renewed sales. As it has been reported at the AGM, nine BCS are currently under construction works supervised by subsidiary LLC Karpatygaz with the overall capacity of 102.7 MW.

Accumulatively as the result of its activity the JA in its current form since 2011 till June 2014 has produced and surpassed the production level of 1.5 billion cubic meters (bcm) of natural gas.

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.