REPORT FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2010

FOR IMMEDIATE RELEASE
Date: August 25, 2010
London

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral”) for the second quarter and six months ended June 30, 2010 and for the comparative periods in 2009.

Financial highlights

  • Sales revenue for the second quarter of 2010 amounted to 21,424 MSEK compared to 16,061 MSEK in the second quarter of 2009.
  • EBITDA for the second quarter of 2010 amounted to 1,213 MSEK compared to 2,016 MSEK in the second quarter of 2009.
  • Operating income for the second quarter of 2010 amounted to 971 MSEK compared to an operating income of 1,772 MSEK in the second quarter of 2009.
  • Net income for the second quarter of 2010 amounted to 157 MSEK compared to a net income of 1,599 MSEK in the second quarter of 2009.
  • Cash flow from operating activities for the second quarter of 2010 was 1,793 MSEK compared to cash flow from operating activities of 2,027 MSEK in the second quarter of 2009.
  • Weighted business refining margin for the second quarter of 2010 was 5.28 $/bbl compared to 4.52 $/bbl in the second quarter of 2009.

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