Petrosibir AB announced unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of SEK 7,338,000 against SEK 7,226,000 a year ago. Operating loss was SEK 1,467,000 against operating profit of SEK 647,000 a year ago. Result before tax was negative at SEK 2,033,000 against SEK 48,061,000 a year ago. Result for the period was negative at SEK 2,034,000 against SEK 48,055,000 a year ago. Result for the period, total for the Group was negative at SEK 2,034,000 against SEK 80,364,000 a year ago. Loss per share from continuing operations was SEK 0.07 against SEK 2.58 a year ago. Cash flows used in operating activities was SEK 824,000 against SEK 2,230,000 a year ago. Investment in oil and gas assets was SEK 3,864,000 against SEK 1,665,000 a year ago. Investment in exploration and evaluation assets was SEK 851,000 compared to SEK 297,000 a year ago.

For the nine months, the company reported total revenue of SEK 18,679,000 against SEK 22,517,000 a year ago. Operating loss was SEK 11,407,000 against operating profit of SEK 527,000 a year ago. Result before tax was negative at SEK 5,491,000 against SEK 48,131,000 a year ago. Result for the period was negative at SEK 5,480,000 against SEK 48,113,000 a year ago. Result for the period, total for the Group was negative at SEK 5,480,000 against SEK 76,871,000 a year ago.
Loss per share from continuing operations was SEK 0.18 against SEK 2.58 a year ago. Cash flows used in operating activities was SEK 7,513,000 against SEK 3,812,000 a year ago. Investment in oil and gas assets was SEK 4,693,000 against SEK 5,249,000 a year ago. Investment in exploration and evaluation assets was SEK 1,653,000 compared to SEK 2,821,000 a year ago.

For the quarter, the company reported oil production of 127,620 barrels against 39,430 barrels a year ago.

For the nine months, the company reported oil production of 376,340 barrels against 121,600 barrels a year ago.