Production report for June 2017
Monday, Jul 10, 2017
Petrosibir's total oil production in June 2017 amounted to 39,020 barrels, equivalent to 1,301 barrels per day.

The table below summarizes the production broken down by region.

  Jun 2017 Jun 2016 2016 2015 2014 2013
Bashkiria 12 605 13 200 152 850 158 470 196 236 122 305
Komi * 26 415 28 500 354 180 15 190 0 0
Total barrels 39 020 41 700 507 030 173 660 196 236 122 305
Discontinued operations Ukraine * 0 0 0 112 430 125 141 126 565
Total barrels 39 020 41 700 507 030 286 090 321 377 248 870
Bashkiria 420 440 418 434 538 335
Komi * 881 950 968 42 0 0
Total barrels per day 1 301 1 390 1 385 476 538 335
Discontinued operations Ukraine * 0 0 0 308 343 347
Total barrels per day 1 301 1 390 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, 10 July 2017

For more information, please contact:
Nikolay Millionshchikov, CEO, +46 8 407 1850
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
The following documents can be retrieved from beQuoted
Petrosibir Pressrelease 2017-07-10 English.pdf

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.

For more information, please visit: http://petrosibir.com
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