Siberian Energy Group Inc. reported earnings results for the second quarter ended June 30, 2009. For the quarter, the company has posted net loss of $182,226, up from $184,108 for the same quarter a year ago.

Siberian Energy Group Inc., said in a SEC 10-Q filing, “We had $6,339 of net cash flows from operating activities for the six months ended June 30, 2009, which was attributable to adjustments to reconcile $325,877 of net loss, offset by $305,406 of accounts payable and accrued expenses, $299 of depreciation and amortization, $26,526 of common stock and warrants issued for services and increased by $15 of prepaid expenses and other assets. We are taking steps in an attempt to raise equity capital and/or to borrow additional funds. There can be no assurance that any new capital will be available to us or those adequate funds for our operations, whether from our financial markets, or other arrangements will be available when needed or on terms satisfactory to us, if at all. We have no commitments from officers, directors or affiliates to provide funding. Our failure to obtain adequate financing may require us to delay, curtail or scale back some or all of our operations. Additionally, any additional financing may involve dilution to our then-existing shareholders.”

Siberian Energy Group Inc. announced earnings results for the first quarter ended March 31, 2009. For the quarter, the company showing a net loss of $143,651. In contrast, the company posted a net loss of $186,155 for the same quarter in the previous year.