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.
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