Petition for bankruptcy filed March 17th at the district court of Stockholm (Stockholms Tingsrätt) has been withdrawn following an out of court settlement between the Creditor and Selena Oil & Gas Holding AB (publ).

Selena Oil & Gas Holding AB (publ) has reached a settlement with the Creditor
that filed for a bankruptcy petition March 17th, 2014, in relationship to an
unpaid debt.

The settlement means that the filed petition at the district court of Stockholm
(Stockholms Tingsrätt) has been withdrawn and Selena Oil & Gas Holding AB
(publ) undertake to repay the debt through an installment plan. The settlement
has been reached through an out of court action in a direct dialogue between
the Creditor and the Company.

 

For further information, please contact:

Magnus Stuart, CEO

+46 706 211 350

 


Selena Oil & Gas Holding AB (publ) (former Emitor Holding AB) is engaged in the
production and transportation of oil and gas in the Volga-Ural region in the
Russian Federation, including Perm and Udmurtia. The company is listed on
NASDAQ OMX First North Premier in Stockholm under the ticker SOGH. Mangold
Fondkommission is the company´s Certified Adviser and liquidity provider,
telephone +46 8-503 015 50.