Production report for December 2015


Petrosibir’s total oil production in December 2015 amounted to 31,340
barrels, equivalent to 1,688 barrels per day.


The table below summarizes the production broken down by region.



 

Petrosibir owns 100% of the Russian company Ingeo Holding, which holds a
production license in Bashkiria. Petrosibir owns 49% of the Cypriot
company Ripiano, whose wholly owned Russian subsidiaries hold three
production licenses in Komi. Bashkiria and Komi are federal subjects of
the Russian Federation.

On 16 December 2015 Petrosibir acquired its 49% share of the Komi
operations. The tables for December 2015 and the full year 2015
therefore only include 16 days of production from Komi.

On 11 December 2015 Petrosibir distributed its Ukrainian operations to
its shareholders. The tables above therefore include the production from
Ukraine up until and including 11 December 2015.

 

For more information, please contact:

Robert Karlsson, CEO, Petrosibir, +46 709 565 141

robert.karlsson@sheltonpetroleum.com

www.sheltonpetroleum.com

 

About Petrosibir

Petrosibir (previously Shelton Petroleum) is a Swedish company focused
on exploring and developing concessions in Russia. Petrosibir’s
Ukrainian operations have been distributed to its shareholders. The
company holds licenses in the Russian republics of Bashkiria and Komi.
Petrosibir’s 2P oil reserves amount to 32 million barrels. The company’s
share is traded on Nasdaq Stockholm under the symbol SHEL B until 4
February 2016. The company will arrange a new trading platform so that
the share can be traded also following that date.

 

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

Attachments

PR160112___Production_report_December_2015._b8af1.pdf