Petrosibir: Production Report for June 2018

The table below summarises the average monthly / daily production in 2017 and 2018, broken down by region.

	2017	2018
	Average	Jan	Feb	Mar	Apr	May	Jun
Total production
Bashkiria	13 195	14 155	12 731	13 622	13 123	13 498	12 614
Komi	28 633	31 186	29 726	30 300	30 244	27 300	24 086

Total barrels	41 828	45 341	42 457	43 922	43 367	40 799	36 700

Per day
Bashkiria	434	457	455	439	437	435	420
Komi	941	1 006	1 062	977	1 008	881	803

Total barrels per day	1 375	1 463	1 517	1 417	1 446	1 316	1 223

The production in May and June was down mainly due to seasonal flooding in Komi resulting in an inability to be able to truck the oil out of the Sosnovskoye field. We expect the production to recover in July. A slight decline in Bashkiria occurred due to preparing well #54 for fraccing.

Petrosibir owns 100% of the Russian company Ingeo Holding, which holds a production licence in Bashkiria. Petrosibir also owns 49% of the Cypriot company Ripiano, whose wholly owned Russian subsidiaries hold three production licences in Komi.

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