West Siberian Resources Limited: Interim Report for the Quarter and Nine Months

West Siberian Resources Limited (STO:WSIBSD)

? Total revenue increased by 23% to MUSD 103.3 (MUSD 84.0) for the quarter and by 34% to MUSD 245.9 (MUSD 183.3) for the nine months.

? The quarterly net result amounted to MUSD 19.4 (MUSD 17.9)* and the nine months net result amounted to MUSD 25.1 (MUSD 31.8).

? EBITDA amounted to MUSD 32.7 (MUSD 33.1) for the quarter and to MUSD 73.2 (MUSD 67.2) for the nine month period.

? Earnings per share amounted to USD 0.02 (USD 0.02) per share for the quarter and to USD 0.02 (USD 0.03) per share for the nine month period.

? Currency exchange gains of MUSD 12.6 (MUSD 3.2) and settlement charges of MUSD 4.6 were recorded in the quarter.

? Oil production increased by 20% to 2,824,704 barrels for the quarter and by 36% to 7,507,062 barrels for the nine month period.

? The October monthly oil production exceeded 1 million barrels.

? Oil prices have continued to rise in the fourth quarter.

*Comparisons reflect the quarter and the nine months ended September 30, 2006 which included gains of MUSD 5.8 from the disposal of shares in subsidiaries.

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