Petrosibir provides Komi drilling update
Thursday, Sep 07, 2017

We are pleased to announce that we have spudded the fifth well (Sosnovskaya-35) in a six well program on the Sosnovskoye field, located in Komi. The previous well Sosnovskaya-36, is now being prepared for fraccing which is scheduled to commence within the next few days, along with two of the other wells drilled earlier this year.

We will continue to update shareholders of the results from this new well and the fraccing program along with other developments in due course.

Petrosibir owns 49% of the Cypriot company Ripiano, whose wholly owned Russian subsidiaries hold three production licenses in Komi including the Sosnovskoye field.

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

Stockholm, 6 September 2017

For more information, please contact:
Pavel Tetyakov, CEO, Petrosibir, tel +46 8 407 1850
ptetyakov@petrosibir.com

Gunnar Danielsson, dep CEO / CFO Petrosibir, tel +46 70 738 0585
gunnar.danielsson@petrosibir.com

www.petrosibir.com

The following documents can be retrieved from beQuoted
Petrosibir Pressrelease 2017-09-06 English.pdf

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. The Petrosibir share is traded on the OTC-list at beQuoted under the symbol PSIB-B.

For more information, please visit: www.petrosibir.com


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