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West Siberian Resources Limited: Interim report for the quarter and the nine months ended September 30, 2006

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• The quarterly net result amounted to MUSD 17.9 (MUSD 4.8)* and the nine months net result amounted to MUSD 31.8 (MUSD 7.3).
• EBITDA amounted to MUSD 33.1 (MUSD 9.7) for the quarter and to MUSD 67.2 (MUSD 17.1) for the nine month period.
• Oil production increased by 208% to 2,363,271 barrels for the quarter and by 225% to 5,537,876 barrels for the nine month period.
• Total revenue increased by 237% to MUSD 84.0 (MUSD 24.9) for the quarter and by 297% to MUSD 183.3 (MUSD 46.1) for the nine months.
• Earnings per share amounted to USD 0.02 (USD 0.01) per share for the quarter and to USD 0.03 (USD 0.01) per share for the nine month period.
• MUSD 115 acquisition of Northoil in the Timano-Pechora region completed after the reporting period.
• Preparations started for listing at the Nordic Exchange in Stockholm.



*Comparisons reflect the quarter and the nine months ended September 30, 2005

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