Production report for May 2017

Petrosibir's total oil production in May 2017 amounted to 40,955 barrels, equivalent to 1,321 barrels per day.

The table below summarizes the production broken down by region.

  May 2017 May 2016 2016 2015 2014 2013
Bashkiria 13 045 13 680 152 850 158 470 196 236 122 305
Komi * 27 910 29 440 354 180 15 190 0 0
Total barrels 40 955 43 120 507 030 173 660 196 236 122 305
Discontinued operations Ukraine * 0 0 0 112 430 125 141 126 565
Total barrels 40 955 43 120 507 030 286 090 321 377 248 870
Bashkiria 421 441 418 434 538 335
Komi * 900 950 968 42 0 0
Total barrels per day 1 321 1 391 1 385 476 538 335
Discontinued operations Ukraine * 0 0 0 308 343 347
Total barrels per day 1 321 1 391 1 385 784 880 682


* The production numbers above for Komi and Ukraine for 2015 have been recalculated compared to what has been disclosed earlier. In the table above the production for 2015 has been divided by 365 days whereas it previously was divided by the actual number of days that the operations were owned by Petrosibir.

Petrosibir owns 100% of the Russian company Ingeo Holding, which holds a production license in Bashkiria. Petrosibir also owns 49% of the Cypriot company Ripiano, whose wholly owned Russian subsidiaries hold three production licenses in Komi. Bashkiria and Komi are federal subjects of the Russian Federation.

Stockholm, 13 June 2017

For more information, please contact:
Nikolay Millionshchikov, CEO, +46 8 407 1850
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
www.petrosibir.com

About Petrosibir
Petrosibir is a Swedish company focused on exploring and developing concessions in Russia. The company holds licenses 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.


Om Petrosibir

Petrosibir är ett svenskt bolag med inriktning på prospektering och utvinning av olja och gas i Ryssland.

Webbplats
petrosibir.com
Bransch
Olja och gas

Prenumerera

Få löpande information från Petrosibir via e-post.

Handelsinformation

Marknad beQuoted inofficiella Kortnamn PSIB-B ISIN-kod SE0000514572