Malka Oil's total production of oil for the month of October 2009
amounted to 62,062 barrels compared to September when the production
was 61,384 barrels. On average production was 2,002 barrels per day
compared to 2,046 barrels per day during September.


The production during the month of October was lower than planned
because wells 183, 547 and 586 which previously were producing on
natural pressure were taken out of production for the installation of
beam pumps. The installation work was ongoing during two weeks which
caused the decrease in production. Well 183 is already producing
while the other two are planned to be back in production during
November when all the work is completed.

Oil sales for the month of October amounted to 60,210 barrels and the
average price before tax was 32.57 USD per barrel.

During October, Malka Oil produced oil from 13 wells.

Planned production for the month of November is 62,625 barrels.


For further information, please contact:
Maks Grinfeld, MD, tel: +46 768 077 614
Sven-Erik Zachrisson, Chairman of the Board of Directors, tel: +46 8
41 05 45 96


For further information on Malka Oil AB, see the website
www.malkaoil.com


Reasonable caution notice: The statement and assumptions made in  the
company's information  regarding  Malka Oil  AB's  ("Malka")  current
plans, prognoses, strategies, concepts and other statements that  are
not historical facts are estimations or "forward looking  statements"
concerning  Malka's  future   activities.  Such  future   estimations
comprise but are not limited to statements that include words such as
"may   occur",   "concerning",   "plans",   "expects",   "estimates",
"believes", "evaluates",  "prognosticates"  or  similar  expressions.
Such expressions reflect the  management of Malka's expectations  and
assumptions made on the basis of information available at that  time.
These statements and  assumptions are  subject to a  large number  of
risks and uncertainties. These, in  their turn, comprise but are  not
limited  to  i)  changes  in  the  financial,  legal  and   political
environment of the  countries in which  Malka conducts business,  ii)
changes  in  the  available  geological  information  concerning  the
company's  projects   in   operation,  iii)   Malka's   capacity   to
continuously  guarantee   sufficient  financing   to  perform   their
activities as a "going concern", iv) the success of all  participants
in the group, or of the various interested companies, joint  ventures
or secondary alliances,  v) changes  in currency  exchange rates,  in
particular those relating to the RUR/USD rate. Due to the  background
of  the   many   risks  and   uncertainties   that  exist   for   any
oil-prospecting venture  and oil  production company  in its  initial
stage, Malka's actual  future development  may significantly  deviate
from that indicated  in the company's  informative statements.  Malka
assumes no implicit liability to  immediately update any such  future
evaluations.

hugin.info/138739/R/1353627/327907.pdf


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