SVENSKA PETROLEUM EXPLORATION (SPE) STEPS IN AS ONE OF THE MAJOR SHAREHOLDERS IN MALKA OIL

Svenska Petroleum Exploration (SPE) bought 20 069 000 shares in Malka Oil on October 8. This corresponds to 5,98 percent of the votes and capital and makes SPE one of the major shareholders in Malka Oil.“We think that Malka Oil is a company with interesting assets. We look forward to work together with the management in order to realize the values we see in Malka Oil”, says Fredrik Öhrn, President and CEO of Svenska Petroleum Exploration AB.SPE has experience of oil production in Eastern Europe, including Russia, and has expressed an interest of a seat on the Board of Malka Oil.Svenska