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Maha Energy AB: amends terms and conditions to its bonds

on Share

Maha Energy AB (publ)

Biblioteksgatan 1

SE-111 46 Stockholm

www.mahaenergy.ca

Press release

Stockholm

November 27, 2017

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.

Maha Energy AB (publ) ("Maha" or the "Company")amends terms and conditions to its bonds

Maha Energy AB (publ) ("Maha") today announces that it has amended the terms and conditions entered into on 24 May 2017 (the "Terms and Conditions") for its bonds with ISIN SE0009889751 (the "Bonds").

Maha and Nordic Trustee & Agency AB (publ) have entered into an agreement whereby Maha's previous obligation to press release and make available on its website each issued compliance certificate has been deleted. Maha is still obliged to issue a compliance certificate to the agent in relation to each reference date.

The amendment became effective immediately as of 27 November 2017. The amended Terms and Conditions of the Bonds are available on Maha's website (https://www.mahaenergyab.se/).  A notice of the amendment with further details has been sent out by courier to all bondholders being registered as bondholders on 24 November 2017.

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 November 27, 2017 at 4:30 pm 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 Press Release Amending Terms and Conditions

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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

Maha Press Release Amending Terms and Conditions

Maha Energy AB: Announces October Production Volumes

on Share

Maha Energy AB (publ)

Biblioteksgatan 1

SE-111 46 Stockholm

www.mahaenergy.ca

Press release

Stockholm

November 2, 2017

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.

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

The Company's aggregate sales production for the month of October totaled 44,4781 barrels of oil and 23.629 million scf of gas for a combined average production of approximately 1,562 BOE/day2, before royalties and taxes.

October oil production continues to be bottlenecked due to flaring limitations at the Tie Field.  The Company's previously announced plans to debottleneck production by increasing the offtake of compressed gas, and commissioning of an "onsite" gas electrification project remain on track for the beginning of 2018.

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 November 2, 2017, 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.

2017-11-01 Production Numbers

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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

2017-11-01 Production Numbers

Maha Energy AB: Provides its Q3 Operational Update

on Share

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.

Maha Energy AB (publ) ("Maha" or the "Company") provides its Q3 Operational Update In its previous announcements the Company indicated it expected to be required to post up to approximately USD 11 million in cash collateral in-order to secure certain Letters of Credit and Surety Bonds guaranteeing work and abandonment obligations required as part of the acquisition of the Brazilian operations of Gran Tierra Inc. (the "Acquisition") that closed July 1, 2017.

As part of its recent financings
the Company had earmarked funds in this amount to post this security.  The Company is in process of finalizing arrangements with financial institutions in Brazil whereby these Letters of Credit and Surety Bonds can be provided with an anticipated reduced cash collateral requirement of USD 3.7 million only. These arrangements should be finalized in the next two weeks. As part of the Company's continued efforts to de-bottleneck oil production from the Tie Field production facilities in Bahia, Brazil, arrangements are now in place through (i) an amendment to an existing gas off-take agreement and (ii) an anticipated long term sales agreement with a third party so as to increase the off-take for associated gas up to 55,000 m3/d with an anticipated effective date of January 1st 2018.   These will more than double the current capacity for gas off-take and will allow the Company to freely produce oil from the Tie field.

Jonas Lindvall, CEO of Maha Energy commented:
"These steps are part of our continued efforts to optimize our Brazilian assets. The de-bottlenecking should result in immediate production gains and the reduced cash collateral will free up an additional USD 7 million in capital for our operations."

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 4th, 2017, 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.20171004 Press Release – Q3 Operational Update

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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

20171004 Press Release - Q3 Operational Update

Maha Energy AB: Announces September Production Volumes

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

Press Release

Stockholm

October 3, 2017

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.

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

The Company's aggregate sales production for the month of September totaled 46,583 barrels of oil and 22.552 million scf of gas for a combined average production of approximately 1,678 BOE/day1, before royalties and taxes.

1Barrels of oil equivalent ("BOE") conversion ratio of 6,000 scf:1bbl 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 3rd, 2017, 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.

2017-10-03 Press Release – September Production Numbers

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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

2017-10-03 Press Release - September Production Numbers

Maha Energy AB: Announces its Annual Autumn Shareholder Presentation on 3 October, 2017

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

Press Release

Stockholm

September 16, 2017

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.

Maha Energy AB (publ) announces its Annual Autumn Shareholder Presentation on 3 October, 2017

Maha Energy AB ("Maha") is pleased to invite all of its shareholders to its Annual Autumn Shareholder Presentation to take place at 17:30 on 3 October, 2017.

The presentation by Maha's President and Chief Executive Officer, Jonas Lindvall, will focus on the recently acquired Brazilian assets, recent financing activities, current operations and production, the Q2 Report and future plans for the Company and its assets.

Mr. Lindvall, and the entire Board of Directors will be present and will be available for questions afterwards. The presentation will be broadcast live through the internet (see www.mahaenergy.ca for the link).

Drinks and canapes will be offered after the presentation. Interested members of the investment community are welcome.  Maha looks forward to seeing you there.

Date:               3 October, 2017

Venue:            Setterwalls Advokatbyra, Sturegatan 10, Stockholm.

Program:

17:15 – 17:30 Registration

17:30 – 18:30  Presentation

18:30 – 20:00  Q&A and informal discussions

For additional information regarding the event please visit our website www.mahaenergy.ca

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 16, 2017, 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.

Press Release ENG
Press Release SWE

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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

Press Release ENG
Press Release SWE

Maha Energy AB Announces Issuance of Compliance Certificate

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

Press Release

Stockholm

September 7, 2017

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.

Maha Energy AB Announces Issuance of Compliance Certificate

Maha Energy AB (publ) ("Maha" or the "Company") has issued a Compliance Certificate for the reference date of June 30, 2017 in accordance with the terms and conditions of the SEK 300,000,000 bond financing issued on May 29, 2017.

The Compliance Certificate has been attached to this press release and is available on the Company's website at www.mahaenergy.ca.

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 September 7, 2017, 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.

Maha Energy AB Press Release – Compliance Certificate
Maha Energy Compliance Certificate – Ref June 30 2017

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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

Maha Energy AB Press Release - Compliance Certificate
Maha Energy Compliance Certificate - Ref June 30 2017

Maha Energy AB: Announces August Production Volumes

on Share

Maha Energy AB (publ)

Biblioteksgatan 1

SE-111 46 Stockholm

www.mahaenergy.ca

Press Release

Stockholm

September 4, 2017

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.


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

The Company's aggregate sales production for the month of August totaled 45,877 barrels of oil and 21.249 million scf of gas for a combined average production of approximately 1,594 BOE/day1, before royalties and taxes.

1 Barrels of oil equivalent ("BOE") conversion ratio of 6,000 scf:1bbl 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 September 4th, 2017, 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.

Maha Energy AB Press Release Sept 4

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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

Maha Energy AB Press Release Sept 4

Maha Energy AB: Announces Filing of Q2 Financials

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

Press release

Stockholm

August 29th, 2017

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.

Maha Energy AB Announces Filing of Q2 Financials

Maha Energy AB (publ) ("Maha" or the "Company") has today released its Q2 Financials Statements for the quarter ended June 30, 2017.  The Q2 Financials Statements are attached and available on the Company's website at www.mahaenergy.ca.

Highlights of Second Quarter 2017

  • The Company completed a Bond Financing for SEK 300,000,000 to finance the previously announced acquisition of the Brazilian business unit of Gran Tierra Energy Inc. ("Gran Tierra").
  • The Company completed a Guaranteed Rights Offering for gross proceeds of SEK 91,727,215 to finance the Gran Tierra acquisition.
  • The Company established July 1 as the date for closing of the acquisition of the Brazilian business unit of Gran Tierra and the Closing occurred.
  • Company sold Production on the Tartaruga Field increased by 115% to an average of 213 BOPD during the quarter.  The increase was primarily due to the successful workover of the 107D well which was completed during the first quarter.

Results of Second Quarter 2017

  • Company sold Production of 19,393 bbls for the period compared to 0 (zero) bbls for the same period 2016
  • Revenue of KUSD 995 for the period compared to KUSD 0 (zero) for the same period 2016
  • Net Result of KUSD (3,626) for the period compared to KUSD (651)  for the same period 2016
  • Net Result of (0.4) /share for the period compared to (0.2)/share for the same period 2016

Letter to Shareholders

Dear Friends and Fellow Shareholders of Maha Energy AB,

The Q2 financial results are very much as expected.  The additional production from the Tartaruga Field had a positive impact on our revenue, and LAK Ranch revenue continues to be capitalized (thus does not appear on the 'revenue' lines consistent with previous quarters).  What was unexpected was the quick approval by the Brazilian authorities of Maha's acquisition Gran Tierra Energy's ("GTE") Brazil operations which came early in the quarter.

In the Q1 Letter to Shareholders, I had indicated Maha was in the process of completing the financing for Maha's acquisition of 100% of GTE's Brazilian operations for a cash consideration of USD 35 million (before post closing adjustments) and the assumption of approximately USD 11 million in Government Guarantees and Letters of Credits (the "Acquisition").   I am pleased to report the Acquisition closed on 1 July, 2017 – much earlier than anticipated.  Naturally we are thrilled with this outcome.

The financing was very complicated and involved several inter-dependent steps, which were each critical path to success.  Our team worked tirelessly to ensure each part was successfully completed on time. I am very grateful to everyone involved.

In the end, the Bond and the Rights Issue closed in June and Maha received Brazil Government go-ahead earlier than anticipated. This in turn allowed closing of the Acquisition to occur straight away, with-out the necessity of tying up capital in an escrow account.  Completion of the Acquisition now positions us to focus on production from our assets and revenue.

It bears repeating – Maha is a value driven Company.  "We go where there is value."  The GTE Acquisition's core value lies in its' production and production related development opportunities. GTE's Q2 reported production of 1,339 BOEPD and operating net back of USD 28.96/bbl demonstrates this value.  Further value can easily be unlocked by removing certain commercials constraints currently facing the Tie field as is discussed later in this Report.

We are also undertaking a detailed review to look for "bonus" value in addition to these producing assets.  As part of the Acquisition, Maha acquired 6 exploration blocks with a total area of 41,606 acres which is in addition to the 13,201 acres of under-explored land in the Tartaruga block.  These blocks are all strategically located in established and well documented oil and gas producing basins. 

While Maha's focus is on producing assets, our business model anticipates 20% of our asset portfolio to be near field exploration opportunities. These newly acquired Blocks are great examples of 'looking for oil where there is oil'.  As the map demonstrates – the new 6 blocks are surrounded by, and on trend with world-class oil and gas discoveries.

Areas in yellow form part of Maha's acreage in the Bahia province in Brazil.

These new blocks are in varying stages of evaluation and our work in fully understanding the subterranean details has just begun.  Part of our current work is to independently verify the previously identified prospects mapped by GTE indicating approximately 48 million barrels of potentially recoverable oil. Fortunately, modern 3D seismic is available on all the blocks as an aid in this process.

Production continued to grow during the second Quarter with Tartaruga leading the way.  Company production was up 85% compared to the first Quarter (Q2 Maha production was 22,000 bbls compared to 11,885 bbls in Q1 before all Royalties).  No major shut downs occurred during the quarter, however, the 7TTG well at Tartaruga did start to show signs of reduced production due to a suspected leak in the downhole production tubing.  Plans are underway to rectify this problem during the second half of the year.   At LAK Ranch production remained steady at 2,606 bbls of oil sold this quarter. The effects of the hot water flood are stabilizing and we see a good response in the two main production wells.  Our team at LAK expects further improvements into the next half of the year.

To conclude; the second quarter was a very busy quarter with focus on completing the complicated financing for the GTE transaction and the Acquisition.  The Company is now in a good place financially, has a world class menu of assets and with laser sharp focus and execution is expecting to enjoy production increases during the second half of the year.

We thank you for your continued support.

Jonas Lindvall

Managing Director and CEO

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 August 29th, 2017, at 8:00 pm 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 – Q2 2017
2017-Q2 Financials

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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

Maha Energy AB Press Release - Q2 2017
2017-Q2 Financials

Maha Energy AB: Announces Date for Q2 Webcast and operational update

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

Press release

Stockholm

August 28th, 2017

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.

Maha Energy AB Announces Date for Q2 Webcast and operational update

Maha Energy AB (publ) ("Maha" or the "Company") is pleased to announce that a live webcast will be held on August 30 at 1800 CET (Stockholm time) to review and discuss the 2nd Quarter Financial Results and to provide an operational update.  The webcast will be broadcast live on Maha Energy's Youtube Channel and will be hosted by Maha Energy's CEO Jonas Lindvall and Maha Energy's CFO Andres Modarelli.

Questions should be e-mailed to info@mahaenergy.ca in advance.  Questions will be answered time permitting.

Please visit www.mahaenergy.ca for the Youtube link.

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 28th, 2017, 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.

Maha Energy AB Press Release 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

Maha Energy AB Press Release Webcast

Maha Energy AB: Announces an Operational and Production Update; the Appointment of New Senior Management; and the Listing of Bonds

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

Press release

Stockholm

1 August, 2017

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. See also section IMPORTANT INFORMATION below.

Maha Energy AB (publ) ("Maha" or the "Company") Announces anOperational and Production Update; theAppointment of New Senior Management; and the Listing of Bonds

Operational Update

The Company's aggregate production for the month of July totaled 50,574 barrels of oil and 20.973 million scf of gas for a combined average production of approximately 1,751 BOE/day[1], before royalties and taxes which includes production from Maha's newly acquired Tie Field in Brazil from July 1, 2017.

Brazil

Production volumes from the Tartaruga field are reduced due to a downhole leak in the completion string on the 7-TTG well.  The leak was identified in May and testing is scheduled for the beginning of August to pinpoint the problem and thereafter determine a solution.  High fluid levels in the well and the abrupt reduction in production suggests a mechanical downhole problem as opposed to reservoir decline.  It is estimated the production from the 7-TTG well has been halved because of this.   Meanwhile, the recently worked over 107 D well continues to produce at expected levels.

The Tie field produces on natural flow from two zones from a single well.  During the month of July, additional crude oil was sold to a new customer which allowed the production to be increased during the first half of the month, however, crude oil production had to be reduced during the second half of the month due to gas handling issues which are being resolved.  August production is expected to increase to satisfy the demand for oil in the area.  July was a historical record month for crude oil production at the Tie Field.

A pressure maintenance project on the Tie Field in the form of water injection into both reservoirs is almost complete and is scheduled to commence in September.  Water re-injection is beneficial to the total recovery of crude oil from the field.

USA

The LAK Ranch hot water flood has now been in place for 2 months. Oil production from 12-21 has tripled as a result of the water flood, although overall fluid production remains below expectations at this point.  Conversely, 12-18 is now producing expected fluid rates, but oil production is roughly half of what is common and expected in the field.  Overall, the same level of production is maintained from half the number of wells to pre waterflood production.  Additional gains are expected over the next few months, as the total fluid production on 12-21 increases.

Up-time has increased substantially at LAK during the past 12 months, which has translated to an increase in oil production per well compared to previous periods.

Jonas Lindvall, CEO of Maha commented: "Things are going very well in Brazil and we are particularly happy with the ability to ramp up production ahead of schedule. This is in no small part due to the hard work of our new team members in Brazil, and we wish to welcome them all into Maha."

Senior Management

Following the previously announced closing of the acquisition of the Brazilian operations of Grant Tierra Energy Inc. on July 1, 2017, the Company is pleased to confirm the following appointments to its senior management team in Calgary and Brazil.

Andres Modarelli (38) – Chief Financial Officer ("CFO"), Calgary

Andres Modarelli is a finance and accounting professional with over 17 years of experience, having held senior positions within Canadian private and publicly listed oil and gas companies operating domestically and internationally. Most recently, Andres consulted for Canadian E&P Tourmaline Oil Corp. following their acquisition of Mapan Energy Ltd. in 2015, where he was a cofounder and the Controller. Prior to that, Andres was interim CFO for Platino Energy Corp. and VP of Finance for C&C Energia Ltd., both E&P companies with operations in South America. Andres articled with Deloitte and has CPA designations in Canada and Argentina. He holds bachelor degrees in Commerce and Business Administration from the Pontifical Catholic University of Argentina.

Mark Hopkins who has been serving as Interim CFO for the past nine months returns to his full time employment at S.B. Navitas Tubular Inc.  The Company would like to thank Mark for his contribution during this busy time.

Robert Richardson (50) – Chief Operating Officer ("COO"), Calgary

Robert Richardson has over 25 years of diversified energy experience with an extensive background in management and engineering. His diversified experience includes conventional oil & gas, secondary, tertiary & thermal recovery, shale oil and gas, acquisitions, CHOPS and renewable energy. Robert's leadership has been seen in projects such as managing the development of CNRL's Pelican Lake field from pilot to becoming one of the largest polymer floods in the world. He has a B.Sc. Engineering from the University of Alberta, a Masters Degree in Energy Business and an Engineering Science Technology Diploma from SAIT. He is a member of APEGA & Beta Gamma Sigma.

Robert replaces Tom Walker who has left his employment with Maha Energy (US) Inc. to pursue other opportunities.  The Company thanks Tom for his contribution to Maha Energy.

Luciana Borges (39) – Finance & Administration Director, Brazil

Luciana Borges has 16 years experience as a Business Administration professional with focus on Finance, in the oil and gas industry.  Luciana has been Controller of Gran Tierra Energy Brasil since 2013 with direct responsibility for finance, treasury, planning and budgeting with strong SOX compliance skills. Prior to joining Gran Tierra in 2012, Luciana worked with international oil and gas companies for over 10 years, and two years with an independent audit company.  Luciana obtained a degree in Business Administration and a post graduate degree in Finance from the Federal University of Rio de Janeiro as well as a Master of Business in Petroleum from COPPE Institute.

Kleber Almeda (45) – Operations Director, Brazil

Kleber Almeida has over 16 years experience in the oil and gas industry.  Kleber has a Bachelor of Science in Statistics from Statistics School of Bahia state (ESEB), Mechanical Engineer from UNIFACS/Laureate International Universities and a degree in Petroleum Engineering from Federal University of Bahia state (UFBA).  Kleber was the Operations Director of Gran Tierra Energy Brasil since 2014.  Prior to joining Gran Tierra he has worked with national and international oil and gas companies for over 12 years.

Leticia Sa (41) – Regulatory Manager, Brazil

Leticia Sa has 20 years experience in Accounting, Planning, Budget, Direct Taxes and Regulatory areas, including 17 years with international e&p companies, such as: Gran Tierra, El Paso and Unocal. Leticia graduated in Accountancy (CA equivalent) at Federal Fluminense University – UFF, and obtained postgraduate degrees in Business Law by Catholic University of Rio de Janeiro – PUC (in course) and Petroleum & Gas Executive by Federal University of Rio de Janeiro – UFRJ/COPPE.  Leticia currently acts as liaison between the Company and ANP (Agencia Nacional do Petroleo).

Listing of Bonds and Warrants

Maha issued a senior secured bond loan of SEK 300,000,000 on 29 May 2017, within a total framework amount of SEK 500,000,000, on the Swedish bond market together with 13,350,000 warrants for Class A shares of Maha, whereby each Warrant has a strike price of SEK 7.45 and a warrant period of four years, issued on 5 June 2017.

In this connection a prospectus was approved by, and registered with, the Swedish Financial Supervisory Authority in accordance with the Financial Instruments Trading Act (1991:980) on July 27, 2017. The prospectus is available on the Financial Supervisory Authority's website (www.fi.se) and on Maha's website (http://www.mahaenergy.ca)

The Corporate Bond has been admitted for trading on Nasdaq Stockholm effective Friday, July 28, 2017.  The Warrants have been admitted for trading on Nasdaq First North effective Monday, July 31, 2017.

Advisers

FNCA Sweden AB is the Company's Certified Adviser.

For more information, please contact:
               
Jonas Lindvall (CEO)
Tel: +1 403 454 7563        
Email: jonas@mahaenergy.ca

or

Ron Panchuk (CCO)

Tel: +1 403 454 7564        
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 1 August 2017, at 0801 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 OMX First North Sweden stock exchange.  Jonas Lindvall is the CEO and Managing Director.  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.

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[1] Barrels of oil equivalent ("BOE") conversion ratio of 6,000 scf:1bbl is used.

Maha Energy AB Press Release August 1 2017

—
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

Maha Energy AB Press Release August 1 2017