SOURCE: Siberian Energy

June 11, 2007 08:50 ET

President of Siberian Energy Speaks at Saint-Petersburg International Economic Forum

NEW YORK, NY--(Marketwire - June 11, 2007) - Siberian Energy Group, Inc. (OTCBB: SIBN) (SEG) a U.S.-based publicly traded oil and gas exploration company with 100% of its assets located in West Siberia, Russia, announced today that Helen Teplitskaia, President of SEG and the American-Russian Chamber of Commerce & Industry, spoke at a roundtable session at the prestigious Saint-Petersburg International Economic Forum, June 8-11, in Russia.

Thousands of elite national business professionals and political leaders gathered at the Forum in an effort to facilitate international cooperation between business and political leaders and academic experts from the world community and to discuss the problems of global economic growth. Leading Russian and foreign economic experts shared their specialist opinions on the most contemporary trends of global economics.

Teplitskaia, who is a leading authority on Russian/Eurasian affairs, spoke at a roundtable on the second day of the Summit, titled "New Players in Old Markets." Teplitskaia's comments focused on reforms needed by Russian companies to enter the global markets, such as enhancing transparency, corporate governance and environmental standards.

"As wealth in the Russian economy continues to grow, so do the opportunities for Russian companies to increase investments in Europe and North America," said Teplitskaia. "Many of these companies have made remarkable progress in moving from administration typical of the Soviet era to Western style management, yet there is often resistance to their participation in these markets, due to perception issues. Greater efforts need to be made by these companies to communicate openly with international markets and the media and promote their efforts to adopt international standards, as well as their track record of success with international acquisitions."

Throughout her career, Teplitskaia has successfully assisted a variety of government agencies and private sector companies with start-up operations in new markets, direct investment, mergers and acquisitions, joint ventures and licensing, marketing research, political interfacing and media relations. Her client base includes the United States Agency for International Development, US State Department, Ministry of Foreign Affairs of the Republic of Uzbekistan, AT&T, Baker & McKenzie, Case New Holland, Gazprom, Gillette, HeidelbergCement, Ingersoll-Rand, Maytag, Motorola, and Pepsi-Cola.

About Siberian Energy Group, Inc.

Siberian Energy is a unique, U.S.-based public oil and gas exploration company with 100% of its assets located in West Siberia, Russia. The Company evaluates investment and acquisition opportunities in Russia and Eastern Europe with the goal of bringing a portfolio of natural resource licenses and operating companies to Western investors. Siberian Energy strives to provide an attractive ROI to shareholders by pursuing high-yield investment projects, reducing costs, and adhering to strict principles of transparency, disclosure and environmental consciousness. Additional information may be found at www.siberianenergy.com.

The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the company. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K.

Contact Information

  • Contacts:
    Siberian Energy Group, Inc.
    David Zaikin
    Chief Executive Officer
    Tel: 212-828-3011
    Email: dzaikin@siberianenergy.com

    The Global Consulting Group
    Rachel Levine
    Investor Relations
    Tel: 646-284-9439
    Email: rlevine@hfgcg.com

    The Global Consulting Group
    Ivette Almeida
    Media Relations
    Tel: 646-284-9455
    Email: ialmeida@hfgcg.com