Zoltav Resources Inc. reported audited consolidated earnings and operating results for the year ended December 31, 2016. For the period, the company reported revenue of RUB 1,989.430 million compared to RUB 1,697.276 million a year ago. Operating profit was RUB 441.013 million compared to RUB 68.646 million a year ago. Profit before tax was RUB 197.437 million compared to loss before tax of RUB 215.052 million a year ago. Profit for the year attributable to the owners of the parent company was RUB 97.101 million compared to loss for the year attributable to the owners of the parent company of RUB 246.658 million a year ago. Diluted earnings per share attributable to owners of the company was RUB 0.67 compared to diluted loss per share of RUB 1.74 a year ago. Net cash flows from operating activities were RUB 719.070 million compared to RUB 285.910 million a year ago. Capital expenditure in relation to exploration and evaluation activities was RUB 56.048 million compared to RUB 63.829 million a year ago. Purchase of property, plant and equipment was RUB 436.416 million compared to RUB 228.486 million a year ago.

For the year 2016, the company's average daily production from the Western Gas Plant was 47.7 mmcf/d (1.35 mmcm/d) of gas and 487 bbls/d (62 T/d) of oil and condensate comparing to 46.6 mmcf/d (1.32 mmcm/d) and 587 bbls/d (75 T/d) in 2015. In order to balance the projected decline, in July 2016, the company successfully acid treated the Zhanovskoye Well 107, enabling it to produce an additional 1.13 mmcf/d (0.032 mmcm/d) of gas. To further offset the negative effect of Karpenskoye Well 117's underperformance, the Zhdanovskoye Wells 19 and 103 were put into operation in early September, two months ahead of schedule, providing an additional combined 386.2 mmcf (10.94 mmcm) of gas volume.