­­­Maha Energy AB (publ)
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca

Press release
Stockholm
October 30, 2018

Maha Energy AB (publ) ("Maha" or the "Company") Announces Delay on 107D Horizontal Sidetrack

The Company provides the following Operational Update from its operations on the Tartaruga 107 D Horizontal sidetrack Brazil.

107-D

As part of the current drilling operations at 107-D, the crew was pulling on the drill string to free a piece of lodged equipment.    Maha, (though operating within the operating tolerances of the Drilling Rig and drill pipe), experienced an unexpected accidental parting of the drill-string at approximately 70 meters.  The parting of the drill string did cause some damage to the topdrive system on the drilling rig the extent to which is currently being evaluated.  As of today, all operations are suspended until damage to the Drilling Rig is assessed and Maha develops its revised drilling plan, cost estimates and schedule. Maha expects to make further announcements in this regard in the next 7-10 days.

Jonas Lindvall commented "This is an unusual incident and we are investigating why the drill-pipe parted whilst operating within normal operating limits.  It is particularly frustrating that it happened so close to the end of the horizontal sidetrack."

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)
Tel: +1 403 454 7560        
Email: ron@mahaenergy.ca

Miscellaneous

The information was submitted for publication through the agency of the contact persons set out above on October 30, 2018, at 1:30 am (CET)

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

2018-10-30 Operational Update

—
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

2018-10-30 Operational Update

Maha Energy AB (publ)
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca

Press release
Stockholm
October 12, 2018

Maha Energy AB (publ) ("Maha" or the "Company") announces intention to transfer listing from Nasdaq Stockholm First North to the Nasdaq Stockholm Main Market

The Company is pleased to announce the Board of Directors has initiated a process for Maha's management and advisers to immediately commence preparations to transfer the listing of its shares from Nasdaq Stockholm First North to Nasdaq Stockholm's Main Marketwithin the next 12-18 months.

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)
Tel: +1 403 454 7560        
Email: ron@mahaenergy.ca

Miscellaneous

The information was submitted for publication through the agency of the contact persons set out above on October 12, 2018, at 9:00 p.m. (CET)

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

Maha Energy AB Listing Press Release October 12

—
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

Maha Energy AB Listing Press Release October 12

­­­Maha Energy AB (publ
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca

Press release
Stockholm
October 3, 2018

Maha Energy AB (publ) ("Maha" or the "Company") Announces Update to 2018 Production Expectations, Tie Field Production Update, and September Production Volumes.

Production Expectations
On February 22, 2018 the Company announced a net annual average expected production estimate of 2,040 BOPD for the year ending 2018.  The Company now expects the annual averagedaily oil production to the Company for 2018 to be in the range of 1,600 BOPD – 1,700 BOPD.

The revision is mainly explained by:

The Effect of Increased Oil Prices
The silver lining is oil prices (Brent – USD 85/bbl) are 30% higher today compared to the USD 65/bbl February Brent forward average when the estimates were published and the Brazilian Real has weakened against the USD by approximately 25% over the same period. The net effect is while production is expected to be lower in 2018, financially the Company remains in a strong position because of continuing strong revenues (due to oil price increases) and better per barrel net backs (partly from this USD appreciation).

Tie Field Production
As previously announced, the newly completed GTE-3 well (see press release dated September 24, 2018) was on a series of production tests that, because of production facility constraints, curtailed GTE-4 production. Since, September 20, 2018, both wells have been producing together.  The current combined deliverability of the GTE-3 and GTE-4 wells is in excess of 2,500 BOPD (on September 30, 2018 the Field produced a record of 2,446 BOPD), but due to safe storage limitations, the production is temporarily curtailed to approximately 2,100 BOPD.

As part of the 2018 Capital Plan, the storage capacity at the Tie Field is being increased from 2,500 bbl to 6,500 bbl.  This ongoing work is estimated to be completed by the year end and will solve the safe storage curtailment.   The previously announced Attic Well will now commence drilling in December 2018.

Company Production Volumes – September 2018
The Company's aggregate sales production for the month of September totaled 45,1591 barrels of oil and 18.00 million scf of gas for a combined average production of approximately 1,604 BOE/day2, before royalties and taxes.

The 2018 Capital Program continues to temporarily affect production from the Tartaruga Field and will continue to do so until the work is complete.  The Field was shut in for all of September.  Although production from the Tie Field continued uninterrupted, testing of the GTE-3 well and facilities limitations (see above) during the first half of the month limited production from the Tie Field.

2018 Capital Plan
The Capital Plan (see press release dated 22 February, 2018 and 24 September, 2018) remain on track and close to budget – though delayed.  The work completed so far at the Tie Field has resulted in improved field deliverability to 2,500 BOPD.  The 107D Sidetrack (Tartaruga) has commenced and will be followed by completion of the workover at the 7TTG Well (Tartaruga) and drilling of the Attic Well at Tie Field.  Management remains confident in the plan and the positive effect it will have on production.

Jonas Lindvall, CEO of the Company commented:

"The overall picture for Maha remains unchanged, notwithstanding the revision to our 2018 Production Expectation.  We will end 2018 with more production deliverability than handling capacity at all our fields. With markets secured for our oil and gas, once the facilities upgrades are complete, production will be at where we predicted."

1Subject to minor standard industry adjustments at the time of custody transfer.
2Barrels of oil equivalent ("BOE") conversion ratio of 6,000 scf: 1 bbl is used.

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)
Tel: +1 403 454 7560        
Email: ron@mahaenergy.ca

Miscellaneous

This information is published in accordance with the EU Market Abuse Regulation and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication through the agency of the contact persons set out above on October 3, 2018, at 06:00 CET.

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

Press Release October 3 2018

—
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

Press Release October 3 2018

Maha Energy AB (publ)
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca

Press release
Stockholm
September 24, 2018

Maha Energy AB (publ) ("Maha" or the "Company") Provides Operational Update and Announces Autumn Annual Investor Presentation

The Company is pleased to provide the following Update from its operations in Brazil and Wyoming:

TIE FIELD

GTE-3
As announced on July 25, 2018, the GTE-3 well was recompleted and the Sergi formation (long string) was immediately placed on production.  During August, a purpose built surface separator to power the newly acquired jet pump on GTE-3 has been installed, hooked up and commissioned.  At the same time, attempts were made to individually test the Agua Grande ("AG' or "short string"), but due to a stuck completion plug in the short string, this operation has taken longer than anticipated.  The well has now been reconfigured to allow simultaneous production from both zones (Sergi and AG) into the long string and has been producing from both zones since September 10, 2018.  During a 24 hour stabilized well test, GTE-3 flowed an average of 1,091 BOPD, 41 BWPD and 450.6 MSCFGPD.  While further testing will be required to determine the exact deliverability of the AG itself, in the past the AG has contributed approximately 45% of the comingled stream and the Sergi 55%. As of today's date, the production from GTE-3 is approximately 900 BOPD from both zones and is restricted due to surface storage limitations and further pump optimization. The well is currently undergoing pump optimization to maximize production from both zones.   Both zones will be placed on independent production at a future time when production disruption can be minimized.

GTE-4
GTE-4 continues to free flow and is enjoying the effects of water injection.  Current production from GTE-4 AG and Sergi formations is approximately 1500 BOPD.

Combined production from the Tie Field on September 22, 2018 was 2,418 BOPD – the highest for a 24 hour period for the Field to date.  It should be noted production from the Tie Field is expected to fluctuate over the next three months as construction and commissioning work to upsize the facilities may impact production volumes and as offtake arrangements catch up to increased production (see Surface Facilities – Tie and Offtake Arrangements below).

Surface Facilities – Tie
Concurrent with the drilling and recompletion work, the Tie field is undergoing a significant expansion to handle additional production.  The current facility is constrained to treating +/- 2,500 BOPD and has limited storage facilities.  A new 5,000 BOPD Heater Treater was purchased, shipped from Canada and cleared customs in Brazil on September 20, 2018.  A contract to build additional storage tanks has been awarded with surface work for these tanks having already been commenced.  An upgraded loading dock is also being built with a view to reaching 5,000 BOPD of export capability.  The Tie Production Facilities are on track to be upgraded to handle 5,000 BOPD by year end.

Offtake Arrangements
The Company had earlier disclosed there had been a 2,000 BOPD constraint on its ability to market and sell all oil anticipated to be produced from the Tie Field.  New arrangements are now in place to progressively increase offtake and sales capability to +/- 4,100 BOPD over the next 6 months as production increases at the Tie Field.  At the same time the Company continues to progress increasing the contracted volumes of associated gas to be sold as it is produced with this increased oil production.

Attic Well
The Conductor casing was pre-driven on September 21, 2018 in anticipation of the arrival of a Drilling Rig.  Once the work at the Tartaruga field is completed, a Drilling Rig will be mobilized to the Tie field to drill the Attic well.  At this point mobilization is anticipated to commence at the end of November.

TARTARUGA FIELD

107-D
Operations continue for the 107-D sidetrack.  Drilling Rig mobilization and commissioning and the 107D well preparations were all completed on September 9, 2018.  On September 20, 2018 the 107-D sidetrack was spudded and drilling operations commenced.  The 107D sidetrack is expected to take 45 days to complete from spud date.  Current operations include milling of 7" casing at the kick off point.  While the Mobilization delays (5 weeks) and rig power plant issues (3 weeks) delayed spudding, the Company is pleased to finally commence subsurface operations.

7TTG
The 7TTG Workover was interrupted in June due to stuck 3-1/2" tubing.  The Workover will resume upon the completion of the 107D sidetrack when the Drilling Rig will be moved across the production pad (approximately 7 meters) to the 7TTG well and commence pulling the old 3-1/2" tubing.  Upon its retrieval the previously unproduced Penedo-1 reservoir will be perforated, hydraulically stimulated, and comingled with the current productive Penedo-6 sandstone.

Surface Facilities – Tartaruga
Current facilities at the Tartaruga Field can process approximately 800 BOPD.  Upon completion of the 107D production tests, the Tartaruga production facilities will be upgraded to handle the increase in production anticipated from 107D and 7TTG wells.  As production from the Tartaruga Field is from a single well pad, production remains shut in at Tartaruga while the above operations are completed. Production will resume upon completion of the 107D sidetrack and 7TTG workover.  There are no offtake restrictions on the oil produced at the Tartaruga field.

LAK RANCH

Phase 3 Drilling Program
A Drilling Rig was mobilized on September 20, 2018 to the LAK Ranch oil field.  The first of 8 wells was spudded on September 21, 2018.  The drilling program at LAK is expected to take 8 weeks to complete and will involve drilling 6 injector wells and 2 horizontal production wells.  The facilities at LAK Ranch has already been modified to accept the additional production.

ANNUAL AUTUMN SHARHOLDER AND INVESTOR PRESENTATION

Where and When
A presentation will be held at Setterwalls Advokatbyra, Sturegatan 10, Stockholm on October 11 at 5 PM.  Jonas Lindvall, CEO of Maha Energy, will present an operational update and will be joined by the Board of Maha Energy to answer any questions.

Live Stream
The event will also be streamed live.  Please refer to our website www.mahaenergy.ca (Upcoming Events) for further details.

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)
Tel: +1 403 454 7560        
Email: ron@mahaenergy.ca

Miscellaneous

The information was submitted for publication through the agency of the contact persons set out above on September 24, 2018, at 7:00 a.m. (CET)

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

Maha Energy AB Press Release 24 Sept 2018

—
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

Maha Energy AB Press Release 24 Sept 2018

­­­Maha Energy AB (publ)
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca

Press release
Stockholm
September 4, 2018

Maha Energy AB (publ) ("Maha" or the "Company") Announces August Production Volumes

Production Volumes

The Company's aggregate sales production for the month of August totaled 47,1911 barrels of oil and 16.892 million scf of gas for a combined average production of approximately 1,613 BOE/day2, before royalties and taxes.

The previously announced capital program for 2018 (the "Work Program") continues to temporarily affect production from the Tartaruga Field and will continue to do so until the work is complete.  The Tartaruga Field was shut in for a total of 31 days in August due to the planned 7TTG and 107D intervention work.  Production from the Tie Field continues uninterrupted and it is currently expected there will be no material reduction in Tie field production during the Work Program.

1Subject to minor standard industry adjustments at the time of custody transfer.
2Barrels of oil equivalent ("BOE") conversion ratio of 6,000 scf : 1 bbl is used.

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)
Tel: +1 403 454 7560        
Email: ron@mahaenergy.ca

Miscellaneous

The information was submitted for publication through the agency of the contact persons set out above on September 4, 2018, at 7:00 a.m. (CET)

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

2018-09-04 Maha Energy AB August Production Volumes

—
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

2018-09-04 Maha Energy AB August Production Volumes

Maha Energy AB (publ)

Biblioteksgatan 1

SE-111 46 Stockholm

www.mahaenergy.ca

Press release

Stockholm

August 27, 2018

Maha Energy AB (publ) ("Maha" or the "Company") Announces Q2 Report Webcast

Half Year Report

Maha Energy AB's second quarter and half year report will be released on 29 August and a live webcast will be held on Wednesday 29 August at 1600 hrs CET.  Further details and internet link can be found on www.mahaenergy.ca  The webcast will be hosted by Jonas Lindvall, CEO and Managing Director of Maha Energy AB and Andres Modarelli, CFO of Maha Energy Inc..  Shareholders and Investors are invited to attend and ask questions.

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)

Tel: +1 403 454 7560

Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)

Tel: +1 403 454 7560

Email: ron@mahaenergy.ca

Miscellaneous

The information was submitted for publication through the agency of the contact persons set out above on August 27, 2018, at 7:00 a.m. (CET)

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

2018-08-26 Maha Energy – Q2 2018 Report Webcast

—
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

2018-08-26 Maha Energy - Q2 2018 Report Webcast

­­­Maha Energy AB (publ)
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca

Press release
Stockholm
August 3, 2018

Maha Energy AB (publ) ("Maha" or the "Company") Announces July Production Volumes.

Production Volumes

The Company's aggregate sales production for the month of July totaled 43,3641 barrels of oil and 14.961 million scf of gas for a combined average production of approximately 1,479 BOE/day2, before royalties and taxes.

The previously announced capital program for 2018 (the "Work Program") continues to temporarily affect production from the Tartaruga Field and will continue to do so until the work is complete.  The Tartaruga Field was shut in for a total of 29 days in July due to the planned 7TTG and 107D intervention work.  Production from the Tie Field continues uninterrupted and it is currently expected there will be no material reduction in Tie field production during the Work Program.

1Subject to minor standard industry adjustments at the time of custody transfer.
2Barrels of oil equivalent ("BOE") conversion ratio of 6,000 scf: 1 bbl is used.

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)
Tel: +1 403 454 7560        
Email: ron@mahaenergy.ca

Miscellaneous

The information was submitted for publication through the agency of the contact persons set out above on August 3, 2018, at 7:00 a.m. (CET)

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

2018-08-03 Production Numbers and Operational Update

—
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

2018-08-03 Production Numbers and Operational Update

Maha Energy AB (publ)
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca

Press release
Stockholm
July 25, 2018

Maha Energy AB (publ) ("Maha" or the "Company") Announces Update on GTE-3 Workover in the Tie Field.

The Company is pleased to announce the dual recompletion of two zones in the GTE-3 well is now complete by use of a long production string for the Sergi formation (the "long string") and a short production string for the Agua Grande ("AG" or the "short string").

Sergi – "Long String"

The Sergi formation has, on its own, initially tested at 960 BOPD, 218 BWPD and 261 MSCFPD of gas with the assistance of the newly acquired jet pump and will now be placed on production.  The Sergi long string will continue to be produced until the AG short string is ready to be tested and put on stream (see below).

Agua Grande- "Short String"

Additional purpose built equipment is being brought to the Tie field to test and place the Agua Grande short string on stream.   Once the Agua Grande is tested and ready for production, the surface pumping equipment will be properly calibrated and both zones will then be produced simultaneously.

Jonas Lindvall, managing director of Maha Energy AB said: "This is a good example of the Maha Energy business model: "applying state of the art technology to under exploited resources to increase production".  Here, a very custom-tailored solution – a single hydraulic triplex jet pump driving a dual completion in a single well – propelled a previously dead-well to become an important producer.  The initial results of the long string exceed our expectations."

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)
Tel: +1 403 454 7560        
Email: ron@mahaenergy.ca

Miscellaneous

The information was submitted for publication through the agency of the contact persons set out above on July 25, 2018, at 7:00 am CET.

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

2018-07-25 GT3 Pump Installation Test Update

—
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

2018-07-25 GT3 Pump Installation Test Update

­­­Maha Energy AB (publ)
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca

Press release
Stockholm
July 4, 2018

Maha Energy AB (publ) ("Maha" or the "Company") Announces June Production Volumes, Operational Update for Brazil and New Liquidity Provider

Production Volumes

The Company's aggregate sales production for the month of June totaled 36,5741 barrels of oil and 16.671 million scf of gas for a combined average production of approximately 1,312 BOE/day2, before royalties and taxes.

The previously announced capital program for 2018 (the "Capital Program") continues to temporarily affect production from the Tartaruga field and will continue to do so until the work is complete.  The field was shut in for a total of 8 days in May and 20 days in June due to the planned 7TTG intervention work.  The totalcurrent anticipated shut in period is 60 days.  Production from the Tie field continues uninterrupted and it is currently expected there will be no material reduction in Tie field production during the Work Program.

Operational Highlights:

• The GTE-3 workover to install the downhole components of the hydraulic jet pump commenced on June 30 and is now well under way.
• The Surface Jet Pumps arrived at the Tie field and work is completed for a quick tie in once the GTE-3 workover is completed.
• The Faxe-2 Drilling Rig completed the required pre-mobilization test on June 30th.  Mobilization of the drilling rig (a total of 45 loads) is scheduled to commence on July 5th and it is anticipated to take 15 days to complete.

Below details current steps and current timing of the Brazil part of the Capital Program underway:

7TTG Workover
The workover to recomplete the 7TTG well with larger tubing and a dedicated jet pump has been delayed due to stuck tubing.  Work commenced in May to recover 1.5 inch coiled tubing and 3.5 inch production tubing in the well.  After several attempts to free the downhole packer, the 1.5" tubing had to be chemically cut just above the packer.

A last minute change of workover rigs due to scheduling problems delayed mobilizing of the EBS Rig 113.  Once mobilized, the 3.5 inch tubing was latched and pulled, however, the string parted at a weak joint.  Fishing tools were connected but the EBS Rig 113 was unable of providing sufficient power to free the pipe.  A decision was taken to demobilize the rig and postpone the workover until after the 107D well has been sidetracked.  The Faxe Rig 2 will move across and complete the 7TTG workover upon completion of the 107D well.  The overall result is a 4 week delay and a potential cost over run on the 7TTG well operation of approximately USD 500,000.

107 D Re-entry
The Faxe 2 Drilling Rig passed its pre-acceptance test on June 30 and will now be mobilized to the Tartaruga field.  Mobilization is expected to be completed by July 20 and drilling operations are expected to start shortly thereafter.  The re-entry is expected to take 45 days to drill and complete once the rig is rigged up over the well.  At this time, commencement of the sidetrack is approximately 3 weeks late.  There is no impact on cost at this time.

GTE-3
The EBS Rig 113 was mobilized to the GTE-3 site on June 29 with the objective of installing the downhole components of the newly acquired (and delivered) jet pump.   Once rigged up, it is anticipated to take 8 days to recover and re-run the dual completion in this well.  Upon completion, the pump will be hooked up and the well put on production.  There has been a delay with the GTE-3 operations because of the 7TTG delays.  Originally it was anticipated that the GTE-3 workover would be completed by the end of June. It is now anticipated the well will be producing oil by the end of July – a delay of 4 weeks but with no anticipated cost overruns.

Attic Well
The 7TTG delays- delayed the commencement of the 107D well by about 3 weeks- which will in turn likely impact the commencement of the Attic Well. Upon completion of 107D Well, the Faxe 2 Rig will be moved to finish the recovery of the 3.5-inch tubing from the 7TTG well and the workover which includes perforating the P1 sand and conducting hydraulic stimulation.  This work, all going well, is expected to take 8 – 10 days.  The result is the commencement of the Attic Well is now anticipated to start in late September, a delay of about 4 – 5 weeks but with no anticipated cost overruns.

Change of Liquidity Provider

The Company changed the contracted Liquidity Provider from Remium to Penser Bank AB.   During this process a total of 30,000 shares were placed on loan to the Liquidity Provider by Jonas Lindvall, CEO of Maha Energy AB.

"Despite all the best planning – workovers often encounter unforeseen difficulties that the Maha team is well trained to react to.  Previous operators have used undersized and weaker components which continue to affect production and operations.  While it is premature to assess the precise effect of the delays and cost over-runs on the overall Capital Program budget and schedule – I am confident that we will claw back time lost and cost as no doubt other parts of the program will go smoother than anticipated," stated Jonas Lindvall, CEO of Maha Energy AB.

1Subject to minor standard industry adjustments at the time of custody transfer.
2Barrels of oil equivalent ("BOE") conversion ratio of 6,000 scf: 1 bbl is used.

Adviser

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:

Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)
Tel: +1 403 454 7560        
Email: ron@mahaenergy.ca

Miscellaneous

The information was submitted for publication through the agency of the contact persons set out above on July 4, 2018, at 7:00 a.m. (CET)

Maha in Brief

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.

Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

2018-07-04 Production Numbers and Operational Update

—
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maha Energy AB via Globenewswire

2018-07-04 Production Numbers and Operational Update