Drilling of two exploration wells in Bashkiria

Petrosibir is pleased to announce that it has entered into an agreement to drill two exploration wells on the Suyanovskoye licence block in Bashkiria. The drilling of these wells will be financed by the partner in exchange for a 49% interest in the licence block.

The Suyanovskoye licence, issued on October 16, 2015 and valid until December 31, 2035, is located in the area adjacent to the Company's main oil field - Ayazovskoye. The total licence area is 300km2 and includes multiple exploration prospects. Petrosibir has now entered into an agreement with Geoservice LLC, a local player owning a drilling company and a few oil fields in the neighbouring regions, to drill two exploration wells in exchange for 49% equity in the licence holder Company Ufa Petroleum LLC, a subsidiary of Petrosibir. The partner will fully finance the drilling of the wells. Petrosibir is financing all preparatory works such as pad and road construction, permitting documentation, water supply, etc. All future work, including wells testing, production infrastructure, seismic and new drilling, will be funded in accordance with the equity split - 51/49. Petrosibir also retains an option to buy out the partner's interest within 12 months after the drilling is completed.

All preparatory works have been completed, the drilling rig is already mobilised and set up. Exploration wells require significantly more testing and sampling during the drilling phase and therefore take longer to complete compared to production wells. The first well is planned to be completed towards the end of the year while the second well is expected to be completed in Q2 2021.

The first exploration well will be drilled on the Yanbayskaya structure in the south-western part of the licence, and the second one on the Orlinskaya prospect in the eastern part of the block. Each well has several targets including Bobrikovsky and Kyn-Pashyisky horizons.

Pavel Tetyakov, CEO, comments: "I am very pleased to announce the transaction and look forward to drilling the first well immediately. In addition to funding our new partner is bringing technical expertise and successful experience of discovering and developing oil fields in the region. I hope this deal will mark a new era in the development of our assets and therefore will benefit Petrosibir and its shareholders."

For more information, please contact:
Pavel Tetyakov, CEO, Petrosibir, tel +46 8 407 1850
ptetyakov@petrosibir.com 

Gunnar Danielsson, dep CEO / CFO Petrosibir, tel +46 70 738 0585
gunnar.danielsson@petrosibir.com

www.petrosibir.com 

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.

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

Nerladdningsbara filer

Produktionsrapport för oktober 2020

Petrosibirs sammanlagda oljeproduktion under oktober 2020 uppgick till 31 854, motsvarande 1 028 fat per dag.


Production report for October 2020

Petrosibir's total oil production during October 2020 amounted to 31,854 barrels, equivalent to 1,028 barrels per day.


Borrning av två prospekteringsbrunnar i Basjkirien

Petrosibir offentliggör härmed att ett avtal har träffats om borrning av två prospekteringsbrunnar på Suyanovskoye-licensen i Basjkirien. Borrningarna kommer finansieras av en partner mot en ägarandel motsvarande 49% i licensen.


Drilling of two exploration wells in Bashkiria

Petrosibir is pleased to announce that it has entered into an agreement to drill two exploration wells on the Suyanovskoye licence block in Bashkiria. The drilling of these wells will be financed by the partner in exchange for a 49% interest in the licence block.


Produktionsrapport för september 2020

Petrosibirs sammanlagda oljeproduktion under september 2020 uppgick till 31 866, motsvarande 1 062 fat per dag.


Production report for September 2020

Petrosibir's total oil production during September 2020 amounted to 31,866 barrels, equivalent to 1,062 barrels per day.


Produktionsrapport för augusti 2020

Petrosibirs sammanlagda oljeproduktion under augusti 2020 uppgick till 32 699, motsvarande 1 055 fat per dag.


Production report for August 2020

Petrosibir's total oil production during August 2020 amounted to 32,699 barrels, equivalent to 1,055 barrels per day.


Delårsrapport januari - juni 2020

Januari-juni 2020

  • Totala intäkter: 20 (28) mkr
  • Rörelseresultat: 0 (2) mkr
  • Nedskrivning Ripiano -31 (0) mkr
  • Periodens resultat: -30 (2) mkr
  • Resultat per aktie: -1,01 (0,07)

Interim report January - June 2020

January - June 2020

  • Total revenue: SEK 20 (28) million
  • Operating result: SEK 0 (2) million
  • Impairment of Ripiano SEK -31 million (0)
  • Net income: SEK -30 (2) million
  • Earnings per share: SEK -1.01 (0.07)

Produktionsrapport för juli 2020

Petrosibirs sammanlagda oljeproduktion under juli 2020 uppgick till 34 614, motsvarande 1 117 fat per dag.


Production report for July 2020

Petrosibir's total oil production during July 2020 amounted to 34,614 barrels, equivalent to 1,117 barrels per day.


Produktionsrapport för juni 2020

Petrosibirs sammanlagda oljeproduktion under juni 2020 uppgick till 37 218, motsvarande 1 241 fat per dag.


Production report for June 2020

Petrosibir's total oil production during June 2020 amounted to 37,218 barrels, equivalent to 1,241 barrels per day.


Kommuniké från årsstämma

Årsstämman i Petrosibir AB hölls den 25 juni 2020 varvid aktieägarna fattade i huvudsak följande beslut.


Communiqué from annual general meeting

Shareholders of Petrosibir AB passed the following main resolutions at the annual general meeting held on 25 Juni 2020.


Produktionsrapport för maj 2020

Petrosibirs sammanlagda oljeproduktion under maj 2020 uppgick till 34,202, motsvarande 1 103 fat per dag.


Production report for May 2020

Petrosibir's total oil production during May 2020 amounted to 34,202 barrels, equivalent to 1,103 barrels per day.


Kallelse till årsstämma i Petrosibir AB (publ)

Aktieägarna i Petrosibir AB (publ) (nedan "bolaget") kallas till årsstämma den 25 juni 2020 kl. 10.00 på Nybrogatan Business Center, Nybrogatan 34 i Stockholm.


Notice to Annual General Meeting of shareholders in Petrosibir AB (publ)

The shareholders of Petrosibir AB (publ) (hereinafter the "Company") are hereby given notice to attend the Annual General Meeting to be held at 10 AM on 25 June 2020 at Nybrogatan Business Center, Nybrogatan 34 in Stockholm.


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