West Siberian Resources Limited: Interim report for the quarter and the nine months ended September 30, 2006

• The quarterly net result amounted to MUSD 17.9 (MUSD 4.8)* and the nine months net result amounted to MUSD 31.8 (MUSD 7.3).
• EBITDA amounted to MUSD 33.1 (MUSD 9.7) for the quarter and to MUSD 67.2 (MUSD 17.1) for the nine month period.
• Oil production increased by 208% to 2,363,271 barrels for the quarter and by 225% to 5,537,876 barrels for the nine month period.
• Total revenue increased by 237% to MUSD 84.0 (MUSD 24.9) for the quarter and by 297% to MUSD 183.3 (MUSD 46.1) for the nine months.
• Earnings per share amounted to USD 0.02 (USD 0.01) per share for the quarter and to USD 0.03 (USD 0.01) per share for the nine month period.
• MUSD 115 acquisition of Northoil in the Timano-Pechora region completed after the reporting period.
• Preparations started for listing at the Nordic Exchange in Stockholm.



*Comparisons reflect the quarter and the nine months ended September 30, 2005

About Us

West Siberian Resources Ltd is an independent oil company active in the Tomsk region in Western Siberia. West Siberian’s depository receipts are traded on Nya Marknaden of the Stockholm Stock Exchange under the symbol WSIB.

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