West Siberian Resources Limited: Merger with Alliance Oil Company, Pro forma information for the financial year ended December 31, 2007

West Siberian Resources Limited: Merger with Alliance Oil Company, Pro forma
information for the financial year ended December 31, 2007

West Siberian Resources Ltd today announces pro forma financial information
illustrating the effects of the agreed merger with Alliance Oil Company on the
2007 financial statements. 

The transaction is scheduled to close on or about April 10 2008. Following the
merger, West Siberian will be a leading independent, fully integrated oil
company operating in Russia and Kazakhstan, listed on the OMX Nordic Exchange
Stockholm. The combined group will have proved and probable oil reserves of 484
million barrels, the Khabarovsk refinery, a network of 255 gas stations and 24
wholesale oil terminals. In 2007, pro forma oil production amounted to 14.1
million barrels and 23.6 million barrels were refined. By 2011, the combined
group expects to produce and refine 90,000 barrels of oil per day.

The transaction is expected to have a substantial positive impact on WSR´s
revenue, EBITDA and earnings as indicated by the pro forma financial
information: 


[ Please see table in attached pdf file ]

Alliance Oil Company's 2007 financial statements are available at
www.nk-alliance.ru and www.westsiberian.com.

This report has not been subject to review by the company's auditors.

Enquiries

WSR
Maxim Barski, Managing Director	+7 495 956 48 82
Eric Forss, Chairman	+46 70 523 86 62

Alliance Group
Olga Sergeeva	+7 495 7455810	osergeeva@ga.ru
Andrey Rumyantsev	+7 495 745 5810	anr@ga.ru

Websites:
www.westsiberian.com, www.nk-alliance.ru


West Siberian Resources Ltd is an independent oil company active in Russia. 
West Siberian´s depository receipts are traded on the OMX Nordic Exchange
Stockholm under the symbol WSIB.