World News: 16:00 GMT Friday 12th July 2019. [Maha Energy AB via Globe Newswire via SPi World News]
Maha Energy AB (publ)Strandvägen 5ASE-114 51 Stockholmwww.mahaenergy.ca
Press releaseStockholmJuly 12, 2019
The Company is pleased to provide the following Operational Update from its operations in Brazil.
Maha Energy holds a 75% working interest in the SES-107 Tartaruga oil and gas concession onshore Brazil. Petrobras holds the remaining 25% and is non-operator.
Certified Advisor: FNCA Sweden AB, firstname.lastname@example.org, Telephone: +46-8-528 00 399.
Jonas Lindvall (CEO)Tel: +1 403 454 7560 Email: email@example.com
Ron Panchuk (CCO)Tel: +1 403 454 7560 Email: firstname.lastname@example.org
The information was submitted for publication through the agency of the contact persons set out above on July 12, 2019, at 5:00 p.m. (CET).
Maha Energy AB is a Swedish public limited liability company. FNCA Sweden AB has been engaged as Certified Adviser. The Company's auditors are Deloitte. The Company's predecessor Maha Energy Inc. was founded in 2013 in Calgary, Canada, by Jonas Lindvall and Ron Panchuk. In May 2016, the new group was formed with Maha Energy AB as parent company for purposes completing an initial public offering on the Nasdaq First North Sweden stock exchange. Jonas Lindvall, CEO and Managing Director, has 26 years of international experience in the oil and gas industry, starting his career with Lundin Oil during the early days of E&P growth. After 6 years at Shell and Talisman, Jonas joined, and helped secure the success of, Tethys Oil AB. Maha's strategy is to target and develop underperforming hydrocarbon assets on global basis. The Company operates three oil fields, Tartaruga and Tie in Brazil and LAK Ranch, in Wyoming, U.S. For more information, please visit our website www.mahaenergy.ca.
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Globe Newswire: 16:00 GMT Friday 12th July 2019
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