Operational update for April 2012

Alliance Oil Company Ltd 

11.05.2012 08:01

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Alliance Oil Company's average daily oil production for April 2012 amounted to
52,900 bopd. In the first four months of 2012, oil production totalled 6.7 mbbl
compared to 5.5 mbbl in the same period in 2011. Preliminary average daily
refining volumes at the Khabarovsk refinery amounted to 70,900 bopd in April
2012. In the first four months of 2012 refining throughput totalled 8.9 mbbl
compared to 8.4 mbbl in the same period in 2011. 

Preliminary operating results in barrels per day:

                   Upstream                     Downstream        
  2012    Production  Crude oil sales  Refining  Oil product sales
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 January    59,421         56,734       77,531        65,865      
February    55,187         54,444       78,390        77,634      
 March      54,481         49,752       69,129        69,377      
 April      52,889         54,723       70,888        75,979      



The average daily production at the Kolvinskoye oil field amounted to 12,500
bopd with a total of 0.4 mbbl produced in April 2012. 

The financial results for the first quarter of 2012 will be disclosed on May
22, 2012. An operational update for May 2012 will be disclosed on June 11,
2012. 



For further information please contact:

Arsen Idrisov, Managing Director, Alliance Oil Company, Tel.: +7 495 777 18 08

Eric Forss, Chairman, Alliance Oil Company, Tel.: +46 8 611 49 90



Alliance Oil Company Ltd is a leading independent oil company with vertically
integrated operations in Russia and Kazakhstan. Alliance Oil has proved and
probable oil reserves of 648 million barrels and downstream operations that
includes the Khabarovsk refinery and the leading network of gas stations and
wholesale oil products terminals in the Russian Far East. Alliance Oil's
depository receipts are traded on the NASDAQ OMX Nordic under the symbol AOIL.
News Source: NASDAQ OMX



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Language:     English
Company:      Alliance Oil Company Ltd
              
               
              Sweden
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         SE0000739286
WKN:          
 
End of Announcement                             DGAP News-Service
 
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