Interim report January - June 2017
January - June 2017
- Total revenue: SEK 20 (11) million
- Operating result: SEK -2 (-11) million
- Result from equity investment SEK 6 (8)
- Net result: SEK 4 (-5) million
- Earnings per share: SEK 0.12 (-0.15)
Statement from CEO
Dear Shareholders, As you will see in this report Petrosibir is making a considerable progress in producing more oil, generating more revenue, optimising costs and improving the netback from the oil sales. Although we have benefited from the growth in the oil price, the improving indicators are mainly attributable to the professional teams running the operations in Bashkiria and Komi. We hope that the ongoing drilling and workover campaign will continue delivering encouraging results. In addition to focusing on operations we will be looking for opportunities to increase the shareholder value through M&A activities.
Pavel Tetyakov, CEO
For full report please see attached.
Stockholm, 25 August 2017
For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850 Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585 www.petrosibir.com
This information was released for publication on 25 August 2017 at 09:00 CET.
About Petrosibir
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 starting from 17 February 2016 under the symbol PSIB-B.
Om Petrosibir
Petrosibir är ett svenskt bolag med inriktning på prospektering och utvinning av olja och gas i Ryssland.
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