PRODUCTION REPORT JANUARY 2022

Petrosibir's total oil production during January 2022 amounted to 28,323 barrels, equivalent to 914 barrels per day.

The table below summarises the average monthly / daily production in 2022 and per month in 2021, broken down by region.

2021 2022
Average Dec Jan
Total production
Bashkiria 8 157 6 691 6 879
Komi 22 129 21 921 21 444
Total barrels 30 286 28 612 28 323
Production per day
Bashkiria 268 216 222
Komi 728 707 692
Total barrels per day 996 923

914

Petrosibir owns 100% of Ingeo Holding and 51% of Company Ufa Petroleum, both Russian companies in Bashkiria. Each subsidiary holds two exploration/production licences. Petrosibir also owns 49% of the Cypriot company Ripiano, whose wholly owned Russian subsidiaries hold three production licences in Komi.

About Petrosibir

Petrosibir is a Swedish company focused on exploring and developing concessions in Russia. The company holds licences in the Russian republics of Bashkiria and Komi. Petrosibir's 2P oil and gas reserves amount to 35 million barrels of oil equivalent. Petrosibirs shares are traded on the OTC-list at beQuoted under the symbol PSIB-B.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

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Disclaimer

Petrosibir AB published this content on 11 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2022 08:07:00 UTC.