Sibir Energy plc is an independent, integrated Anglo-Russian energy company. It is engaged in the acquisition, exploration, development and production of oil and gas reserves, refining of oil, and the sale of oil and refined products through export channels and a Moscow retail service station network. Sibir is the only UK-listed oil company entirely focused on Russia, and as such, it provides the opportunity for Western investors to participate in this dynamic emerging market. Since its creation in 1996, Sibir has grown its attributable reserves to one of the largest of any of the UK-listed independent energy companies. Sibirs Western management team has combined with its largest Russian shareholder to meet the challenges sometimes raised by emerging markets and has strengthened the company at each turn. As the Russian market has matured, so too has Sibirs asset base, and 2005 has seen significant progress in the development of both its upstream and downstream assets. In the upstream, Sibirs current production comes from its own-operated Magma field and from its joint venture with Shell in the Shell-operated Salym group of fields. Sibirs attributable oil and gas reserves amount to 446 million barrels. Currently, Sibirs total attributed production is more than 8,000 barrels per day, primarily from Magma and early production from the Upper and West Salym fields. Sibirs share of daily production is expected to rise to more than 20,000 barrels per day by the end of 2005 as Salym begins to ramp-up to full production, and to further increase to more than 60,000 barrels per day by 2009. In the downstream, Sibir is uniquely positioned through participation in the Moscow Oil & Gas Company (MOGC), a joint venture with the City of Moscow. Sibirs crude oil production is either exported or refined in the Moscow refinery and sold as refined products in the export market. Gasoline and diesel products are marketed in Moscow through MOGCs MTK-branded service stations.

            Red = 25 day moving average.           Green = 200 day moving average.