Petrosibir: Results of Fracturing

Results of fracturing Petrosibir is pleased to announce the results of fracturing in the Ayazovskoye field, Bashkiria. Wells ##9 and 54 were fracced in August as announced earlier. The production has now stabilised, the current volumes are almost double compared to pre frac rates. Please see the table below for more details.

Well	Pre frac	Post frac Initial	Current
	flow rate, bopd	flow rate, bopd	flow rate, bopd
Ayazovskoye #9	14	44	25
Ayazovskoye #54	15	26	25

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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