Financial Reports

Interim report for the quarter and six months ended June 30, 2009
2009-08-27 07:40
  • Total revenue amounted to MUSD 364.2 (MUSD 869.2) for the quarter and MUSD 691.8 (MUSD 1,418.2) for the six month period.
  • EBITDA amounted to MUSD 85.5 (MUSD 269.4) for the quarter and to MUSD 185.4 (MUSD 352.6) for the six month period.
  • The quarterly net result amounted to MUSD 46.6 (MUSD 159.4) and the six months net result amounted to MUSD 97.0 (MUSD 205.3).
  • Earnings per share amounted to USD 0.28 (USD 1.02) per share for the quarter and to USD 0.60 (USD 1.65) per share for the six month period.
  • 5.0 million barrels were refined and 4.0 million barrels produced for the quarter and 10.3 million barrels were refined and 8.3 million barrels produced for the six month period.
  • Equity offering raised MUSD 123.9 in the second quarter.
  • Net debt decreased by 24% to MUSD 400.5 in the second quarter.
  • Convertible bond offering raised MUSD 265.0 in July 2009 resulting in significantly improved liquidity position after the end of the reporting period.
  • Corporate name change from West Siberian Resources Ltd to Alliance Oil Company Ltd approved by the Annual General Meeting in May 2009.
  • Reverse split of shares consolidating each 20 shares into 1 share completed in June 2009.

(Comparisons reflect Alliance Oil Company Ltd (former West Siberian Resources Ltd) financial and other information for the six months and quarter ended June
30, 2008.)

For further information:

Arsen Idrisov, Managing Director, Alliance Oil Company Ltd,
telephone +7 (495) 777 18 08.
Eric Forss, Chairman of the Board,
telephone +46 8 613 00 85 or +46 705 23 86 62.

Conference call

Time: 10.00 CET on Thursday August 27
To participate to the conference call please dial:

Sweden: +46 (0)8 5051 3792 confirmation code 1909402;
Other countries: +44 (0)20 7806 1966 confirmation code 1909402.

The press conference will be webcasted live at www.allianceoilco.com and www.financialhearings.com.

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 487 million barrels, oil production of approximately 43,000 barrels per day, refining capacity of 70,000 barrels per day and a network of gas stations and wholesale oil products terminals. Alliance Oil's depository receipts are traded on the NASDAQ OMX Nordic under the symbol AOIL.