Company Profile For Sibir Energy PLC

Sibir Energy plc (Sibir) is an independent oil and gas exploration and production company. The Company is also engaged in the refining of oil and the sale of oil and gas products. Its areas of oil and gas exploration and production activity are in the Khanty-Mansiysk Okrug in Western Siberia, in the Russian Federation. During the year ended December 31, 2007, all of the Company's business was conducted in Russia, through its investment in subsidiaries operating in the oil and gas industry. Its wholly owned subsidiaries include Caraline Trading Limited, Sibenergy (Cyprus) Limited, Kangol Enterprises Limited, Glafeta Holdings Limited, Expid Holdings Limited, Yaklort Holdings Limited, Visini Holdings Limited, Labico Holdings Limited and Hitchens Global S A. In September 2007, Sibir acquired Moscow Oil and Gas Company (MOGC) and as a result increased its interest in Mostnefteprodukt by a further 38% stake. In June 2009, JSC Gazprom Neft acquired a 23.5% stake in Sibir.

BRIEF: For the six months ended 30 June 2008, Sibir Energy plc's revenues totaled $1.9B, up from $681M. Net income totaled $233.7M, up from $87.8M. Revenues reflects an increase in sales from exploration & production and refining distribution segment. Net income also reflects an increase in gross margins, a significant rise in profit in Joint Ventures & associates and the presence of profit on disposal of assets.

Sibir Energy PLC
17c Curzon Street
London   ENG   W1J 5HU
P: +4420.74957878
F: +4420.74958090

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