Petrosibir: Production Report for April 2016 – 1,381 bpd

Petrosibir’s total oil production in April 2016 amounted to 41,440 barrels, equivalent to 1,381 barrels per day.

The table below summarizes the production broken down by region.

* On 16 December 2015 Petrosibir acquired its 49% share of the Komi operations. The tables for the full year 2015 therefore only include 16 days of production from Komi. The average daily production for Komi 2015 is calculated on 16 days.

** On 11 December 2015 Petrosibir distributed its Ukrainian operations to its shareholders. The tables above therefore include the production from Ukraine up until and including 11 December 2015.

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.