Petrosibir AB (publ) reported consolidated and parent earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, on consolidated basis, total revenue was SEK 6.13 million compared to SEK 8.44 million a year ago. Operating result was SEK 25.93 million compared to operating loss of SEK 267,000 a year ago. Loss before tax was SEK 1.324 million compared to income before tax of SEK 60,000 a year ago. Loss was SEK 1.319 million compared to income of SEK 67,000 a year ago. Basic and diluted loss per share from continuing operations was SEK 0.06 compared to earnings per share of SEK 0.00 a year ago. Cash flow from operating activities was SEK 6.09 million compared to cash flows used in operating activities of SEK 282,000 a year ago. Investment in exploration and evaluation assets was SEK 1.72 million compared to SEK 2.714 million a year ago. Investment in oil and gas assets was SEK 1.4 million compared to SEK 2.01 million a year ago.

For the year, on consolidated basis, total revenue was SEK 28.65 million compared to SEK 44.25 million a year ago. Operating result was SEK 26.46 million compared to SEK 1.95 million a year ago. Loss before tax was SEK 49.46 million compared to income before tax of SEK 1.99 million a year ago. Loss was SEK 49.43 million compared to income of SEK 1.84 million a year ago. Basic and diluted loss per share from continuing operations was SEK 2.57 compared to earnings per share of SEK 0.11 a year ago. Cash flow from operating activities was SEK 2.28 million compared to SEK 7.53 million a year ago. Investment in exploration and evaluation assets was SEK 4.54 million compared to SEK 8.83 million a year ago. Investment in oil and gas assets was SEK 6.65 million compared to SEK 11.08 million a year ago.

For the quarter, on parent basis, total revenue was SEK 135,000 compared to SEK 135,000 a year ago. Operating loss was SEK 3.47 million compared to SEK 3.025 million a year ago. Loss before tax was SEK 94.12 million compared to SEK 23.03 million a year ago. Loss was SEK 94.12 million compared to SEK 23.03 million a year ago.

For the year, on parent basis, total revenue was SEK 454,000 compared to SEK 636,000 a year ago. Operating loss was SEK 9.34 million compared to SEK 16.44 million a year ago. Loss before tax was SEK 172.23 million compared to SEK 49.96 million a year ago. Loss was SEK 172.23 million compared to SEK 49.904 million a year ago.

The company also announced group production results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company's total barrels Oil production was 52,060 compared to 45,740 a year ago. Total barrels per day was 1,350 compared to 824 a year ago.

For the year, the company's total barrels Oil production was 173,660 compared to 196,236 a year ago. Total barrels per day was 1,384 compared to 538 a year ago.