Interim report January - June 2021
January - June 2021
- Total revenue: SEK 30 (20) million
- Operating result: SEK -6 (0) million
- Operating result excluding write down: SEK 3 million (0) *
- Net income: SEK -8 (1) million
- Net income excluding write down: SEK 1 million (1) *
- Earnings per share: SEK -0.26 (0.03)
*The company expensed all costs related to drilling Orlinskaya-1 well, SEK 8.6 million
Statement from CEO
I am pleased to announce the results of the first half of 2021 that was rich with events.
In spite of the continuing global COVID-19 pandemic the oil market is recovering with the oil prices reaching pre-crisis levels. The additional production from the new Yanbayskoye field combined with improved oil prices helped us to ensure profitable operations in spite of significant capital investments and natural production decline within our main Ayazovskoye oil field.
One of two Suyanovskaya licence exploration wells drilled recently led to a discovery of the new Yanbayskoye oil field that was put in production ahead of the original schedule. The other exploration well flowed non-commercial volume of hydrocarbons yet provided valuable information on the geology of the area. We plan to revisit the potential of Orlinskaya prospect once we have the new seismic data. The Yanbayskoye drilling success lays the path to unveil even bigger exploration potential of the Suyanovskaya licence, and we are planning to continue both production and exploration wells drilling based on the results of the ongoing 2D and 3D seismic campaign to be completed before the year end.
Pavel Tetyakov, CEO
This information was released for publication on 31 August 2021 at 12:00 CET.
For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
Petrosibir is a Swedish company focused on exploring and developing concessions in Russia. Petrosibir's Ukrainian operations have been distributed to its shareholders. 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. Petrosibir shares are traded on the OTC-list at beQuoted under the symbol PSIB-B.
Petrosibirs sammanlagda oljeproduktion under oktober 2021 uppgick till 30 933 fat, motsvarande 998 fat per dag.
Petrosibir's total oil production during October 2021 amounted to 30,933 barrels, equivalent to 998 barrels per day.
Petrosibirs sammanlagda oljeproduktion under september 2021 uppgick till 29 990 fat, motsvarande 1 000 fat per dag.
Petrosibir's total oil production during September 2021 amounted to 29,990 barrels, equivalent to 1,000 barrels per day.
Petrosibirs sammanlagda oljeproduktion under juli 2021 uppgick till 31 405 fat, motsvarande 1 013 fat per dag.
Petrosibir's total oil production during July 2021 amounted to 31,405 barrels, equivalent to 1,013 barrels per day.
Petrosibirs sammanlagda oljeproduktion under juni 2021 uppgick till 31 311 fat, motsvarande 1 044 fat per dag.
Petrosibir's total oil production during June 2021 amounted to 31,311 barrels, equivalent to 1,044 barrels per day.
Årsstämman i Petrosibir AB hölls den 16 juni 2021 varvid aktieägarna fattade i huvudsak följande beslut.
Shareholders of Petrosibir AB passed the following main resolutions at the annual general meeting held on 16 Juni 2021.
Petrosibirs sammanlagda oljeproduktion under maj 2021 uppgick till 29 595 fat, motsvarande 955 fat per dag.
Petrosibir's total oil production during May 2021 amounted to 29,595 barrels, equivalent to 955 barrels per day.