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Petrosibir: Production report for June 2018 

Production report for June 2018

Petrosibir's total oil production in June 2018 amounted to 36,700 barrels, equivalent to 1,223 barrels per day.

The table below summarises the average monthly / daily production in 2017 and 2018, broken down by region.

  2017 2018          
  Average Jan Feb Mar Apr May Jun
Total production              
Bashkiria 13 195 14 155 12 731 13 622 13 123 13 498 12 614
Komi 28 633 31 186 29 726 30 300 30 244 27 300 24 086
               
Total barrels 41 828 45 341 42 457 43 922 43 367 40 799 36 700
               
Per day              
Bashkiria 434 457 455 439 437 435 420
Komi 941 1 006 1 062 977 1 008 881 803
               
Total barrels per day 1 375 1 463 1 517 1 417 1 446 1 316 1 223

The production in May and June was down mainly due to seasonal flooding in Komi resulting in an inability to be able to truck the oil out of the Sosnovskoye field. We expect the production to recover in July. A slight decline in Bashkiria occurred due to preparing well #54 for fraccing.

Petrosibir owns 100% of the Russian company Ingeo Holding, which holds a production licence in Bashkiria. Petrosibir also owns 49% of the Cypriot company Ripiano, whose wholly owned Russian subsidiaries hold three production licences in Komi.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

Stockholm, July 12, 2018

For more information, please contact:

Pavel Tetyakov, CEO, +46 8 407 1850
p.tetyakov@petrosibir.com

Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
gunnar.danielsson@petrosibir.com

www.petrosibir.com

The following documents can be retrieved from beQuoted
Petrosibir Pressrelease 2018-07-12.pdf

About Petrosibir
Petrosibir is a Swedish company focused on exploring and developing concessions in Russia. The company holds licences in the Russian republics of Bashkiria and Komi. Petrosibir's 2P oil and gas reserves amount to 35 million barrels of oil equivalent. The Petrosibir share is traded on the OTC-list at beQuoted under the symbol PSIB-B.

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