MALKA OIL: OCTOBER 2009 PRODUCTION: 2,002 BARRELS PER DAY
(Thomson Reuters ONE) - Malka Oil's total production of oil for the month of October 2009amounted to 62,062 barrels compared to September when the productionwas 61,384 barrels. On average production was 2,002 barrels per daycompared to 2,046 barrels per day during September.The production during the month of October was lower than plannedbecause wells 183, 547 and 586 which previously were producing onnatural pressure were taken out of production for the installation ofbeam pumps. The installation work was ongoing during two weeks whichcaused the decrease in production. Well 183 is already producingwhile the other two are planned to be back in production duringNovember when all the work is completed.Oil sales for the month of October amounted to 60,210 barrels and theaverage price before tax was 32.57 USD per barrel.During October, Malka Oil produced oil from 13 wells.Planned production for the month of November is 62,625 barrels.For further information, please contact:Maks Grinfeld, MD, tel: +46 768 077 614Sven-Erik Zachrisson, Chairman of the Board of Directors, tel: +46 841 05 45 96For further information on Malka Oil AB, see the websitewww.malkaoil.comReasonable caution notice: The statement and assumptions made in thecompany's information regarding Malka Oil AB's ("Malka") currentplans, prognoses, strategies, concepts and other statements that arenot historical facts are estimations or "forward looking statements"concerning Malka's future activities. Such future estimationscomprise but are not limited to statements that include words such as"may occur", "concerning", "plans", "expects", "estimates","believes", "evaluates", "prognosticates" or similar expressions.Such expressions reflect the management of Malka's expectations andassumptions made on the basis of information available at that time.These statements and assumptions are subject to a large number ofrisks and uncertainties. These, in their turn, comprise but are notlimited to i) changes in the financial, legal and politicalenvironment of the countries in which Malka conducts business, ii)changes in the available geological information concerning thecompany's projects in operation, iii) Malka's capacity tocontinuously guarantee sufficient financing to perform theiractivities as a "going concern", iv) the success of all participantsin the group, or of the various interested companies, joint venturesor secondary alliances, v) changes in currency exchange rates, inparticular those relating to the RUR/USD rate. Due to the backgroundof the many risks and uncertainties that exist for anyoil-prospecting venture and oil production company in its initialstage, Malka's actual future development may significantly deviatefrom that indicated in the company's informative statements. Malkaassumes no implicit liability to immediately update any such futureevaluations.http://hugin.info/138739/R/1353627/327907.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 09.11.2009 - 13:17 Uhr
Sprache: Deutsch
News-ID 8119
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