The results from the geological and geophysical investigations of the Siljan Ring impact structure (central Sweden) have shown that the Paleozoic sedimentary succession and the Precambrian basement were strongly affected by complex deformational processes. Studies of a new drill core from the C-C-1 well provide valuable additional information necessary for the reconstruction of the geological setting in the southwestern part of the Siljan Ring. It was found that the contact between the basement and the sedimentary cover is tectonic, not normal sedimentary, in origin. The basement interval comprises Precambrian metavolcanic and metasedimentary rocks with a single mafic intrusion (gabbro-dolerite) in the upper part. The rocks have only been partially metamorphosed. The intercalation of calcareous mudstones, skeletal wackstones, and black shales in the sedimentary cover interval is not consistent with the regional lithostratigraphy scheme. Thus, more likely that the sedimentary sequence is not complete as a result of tectonic displacements, and a significant part of the Lower and Middle Ordovician succession is missing. The Post-Proterozoic tectonic reactivation and impact event also caused the formation of four types of fracture. The third type of fracture is accompanied by cataclastic zones and probably have an impact-related nature. In the highly fractured basement rocks, a dissolution along the second type of fracture has resulted in the development of open vugs. Open vugs and microporosity in cataclastic zones have been considered to be an effective storage space for hydrocarbons.