May 2017 production and sales report from Misen Energy AB (publ)
During May 2017, the Joint Activity led by Misen Energy AB (publ) continued its business operations as a going concern. At the same time, PJSC Ukrgazvydobuvannya continued its manifestly unlawful actions and refused to deliver the hydrocarbons from the wells attributed to the Joint Activity. Being prevented from selling the hydrocarbons, LLC Karpatygaz, a partially owned subsidiary of Misen Energy AB (publ), could not properly implement the JAA No.3 and pay the exorbitant subsoil use charge to Ukraine. Under the circumstances, on 10 May 2017 the Joint Activity leased the Booster