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2016-12-13

Petrosibir: Production report for November 2016

PRODUCTION REPORT FOR NOVEMBER 2016

Petrosibirs total oil production in November 2016 amounted to 41,650 barrels, equivalent to 1,388 barrels per day.

The table below summarizes the production broken down by region.
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| | Nov 2016 | Nov 2015 | Jan-Nov 2016 | Jan-Nov 2015 | 2015 | 2014 | 2013 | 2012 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Basjkiria | 12 570 | 12 040 | 140 300 | 146 030 | 158 470 | 196 236 | 122 305 | 57 900 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Komi * | 29 080 | 0 | 322 150 | 0 | 15 190 | 0 | 0 | 0 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Total barrels | 41 650 | 12 040 | 462 450 | 146 030 | 173 660 | 196 236 | 122 305 | 57 900 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Discontinued Operations Ukraine * | 0 | 9 510 | 0 | 108 720 | 112 430 | 125 141 | 126 565 | 119 950 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Total barrels | 41 650 | 21 550 | 462 450 | 254 750 | 286 090 | 321 377 | 248 870 | 177 850 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Basjkiria | 419 | 401 | 419 | 437 | 434 | 538 | 335 | 158 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Komi * | 969 | 0 | 962 | 0 | 42 | 0 | 0 | 0 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Total barrels per day | 1 388 | 401 | 1 380 | 437 | 476 | 538 | 335 | 158 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Discontinued Operations Ukraine * | 0 | 317 | 0 | 326 | 308 | 343 | 347 | 328 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+
| Total barrels per day | 1 388 | 718 | 1 380 | 763 | 784 | 880 | 682 | 486 |
+-----------------------------------+----------+----------+---------------+---------------+----------+----------+----------+----------+

* 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 December 2016

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 http://www.petrosibir.com

The following documents can be retrieved from beQuoted
Petrosibir Pressrelease 2016-12-13 English.pdf - http://www.bequoted.com/beQPress/download.asp?Id=19152

About Petrosibir
Petrosibir is a Swedish company focused on exploring and developing concessions in Russia. Petrosibirs Ukrainian operations have been distributed to its shareholders. The company holds licenses in the Russian republics of Bashkiria and Komi. Petrosibirs 2P oil and gas reserves amount to 35 million barrels of oil equivalent. The Petrosibir share is traded on the OTC-list at beQuoted starting from 17 February 2016 under the symbol PSIB-B.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

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