Drilling update - Bashkiria
As a follow up to the press release issued on 23 December 2020 Petrosibir would like to provide an update on initial test results of the recently completed well Yanbayskaya-1.
Core samples and logs indicated oil in two intervals, Bobrikovsky and Kyn-Pashiysky with 5.4m and 3.8m net pay respectively. Both targets have now been tested flowing commercial oil. The initial flow rates are 79 bopd from the Bobrikovsky horizon and 180 bopd from the deeper Kyn-Pashiysky horizon. The next stage is to run short-term trial production to establish stable flow rates and collect data for the reserves report and pilot production project with the production to start in 2H 2021.
The move of the drilling rig to the next exploration target on Orlinskaya prospect is now almost complete. The well is scheduled to spud in mid-January 2021 with drilling expected to be completed during the first half of 2021.
Pavel Tetyakov, CEO, comments: "We are very happy that both targets flowed commercial volumes of oil and the exploration potential of the Suyanovskaya licence is now proven. The recently drilled Yanbayskya structure is just one of several prospects within the licence area and we are looking forward to drilling another well."
Stockholm, 30 December 2020
For more information, please contact:
Pavel Tetyakov, CEO, Petrosibir, tel +46 8 407 1850
Gunnar Danielsson, dep CEO / CFO Petrosibir, tel +46 70 738 0585
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.
Petrosibirs sammanlagda oljeproduktion under januari 2021 uppgick till 32 375, motsvarande 1 044 fat per dag.
Petrosibir's total oil production during January 2021 amounted to 32,375 barrels, equivalent to 1,044 barrels per day.
Petrosibirs sammanlagda oljeproduktion under december 2020 uppgick till 33 388, motsvarande 1 077 fat per dag.
Petrosibir's total oil production during December 2020 amounted to 33,388 barrels, equivalent to 1,077 barrels per day.
Petrosibirs sammanlagda oljeproduktion under november 2020 uppgick till 31 659, motsvarande 1 055 fat per dag.
Petrosibir's total oil production during November 2020 amounted to 31,659 barrels, equivalent to 1,055 barrels per day.
Petrosibirs sammanlagda oljeproduktion under oktober 2020 uppgick till 31 854, motsvarande 1 028 fat per dag.
Petrosibir's total oil production during October 2020 amounted to 31,854 barrels, equivalent to 1,028 barrels per day.
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.
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.
Petrosibirs sammanlagda oljeproduktion under september 2020 uppgick till 31 866, motsvarande 1 062 fat per dag.
Petrosibir's total oil production during September 2020 amounted to 31,866 barrels, equivalent to 1,062 barrels per day.
Petrosibirs sammanlagda oljeproduktion under augusti 2020 uppgick till 32 699, motsvarande 1 055 fat per dag.
Petrosibir's total oil production during August 2020 amounted to 32,699 barrels, equivalent to 1,055 barrels per day.
- 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)
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)