January - December 2022
· Total revenue: SEK 65 (64) million
· Operating result: SEK -217 (-1) million
· Operating result excluding write down: SEK -2 (8) million
· Net income: SEK -200 (-3) million
· Net income excluding write down: SEK -1 (6) million
· Earnings per share: SEK -6.71 (-0.09)
Dear Shareholders,
Back in 2020 many of us thought that things could not get any worse. Unfortunately, we were wrong. After a year of development and recovery in 2021, the future seemed to be somewhat rosy, but in 2022 we encountered some unprecedented challenges that tend to become more difficult with time.
So far thanks to the hard work of all team members the Company has managed to minimise the effects of negative geopolitical and macroeconomic factors on its operations and is still alive. However, due to the continued escalation of the sanctions war the future of Petrosibir, an EU-based company with Russian oil and gas assets, is at best questionable.
I appreciate the patience and support of all our shareholders and wish all of us luck and a brighter future.
Pavel Tetyakov, CEO
For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
Jesper Sevelin, Deputy CEO and Board member, +46 8 407 1850
www.petrosibir.com
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 33.6 million barrels of oil equivalent or 35.4 million barrels of ABC1+C2 Russian State Balance Reserves (similar to 2P reserves under SPE PRMS standards). The Petrosibir share is traded on the OTC-list at beQuoted starting from 17 February 2016 under the symbol PSIB-B.