Zoltav Resources Inc. reported un-audited consolidated earnings and production results for the six months ended June 30, 2018. For the six months, the company reported revenue of RUB 830,574,000 compared to RUB 924,450,000, operating profit of RUB 191,010,000 compared to RUB 201,913,000, profit before tax of RUB 101,091,000 compared to RUB 99,038,000, profit attributable to owners of the parent being total comprehensive income of RUB 71,608,000 or 0.50 cents per diluted share compared to RUB 68,995,000 or 0.48 cents per diluted share, net cash from operating activities of RUB 377,337,000 compared to RUB 369,602,000 and purchase of property, plant and equipment of RUB 57,855,000 compared to RUB 163,700,000 for the last year. Capital expenditure on exploration and evaluation activities was RUB 144,265,000 against RUB 8,317,000 a year ago. EBITDA was RUB 411 million against RUB 420 million a year ago. Whilst gas production declined by 18%, and oil and condensate production declined by 12%, this was offset by higher commodity prices, resulting in revenues decreasing by 10% in the period.

Production from Zoltav's Western Gas Plant at Bortovoy averaged 6,151 boepd (829 toepd) during first half of 2018, an 18% decline when compared to 7,480 boepd (1,021 toepd) in first half of 2017. Average daily production during first half of 2018 was 34.9 mmcf/d (0.99 mmcm/d) of gas and 335 bbls/d (43 T/d) of oil and condensate compared to 42.6 mmcf (1.2 mmcm/d) of gas and 380 bbls/d (48 T/d) of oil and condensate a year ago. Overall in first half of 2018, the company produced: natural gas was 6,317 mmcf (179 mmcm) compared to 7,711 mmcf (218 mmcm) a year ago. Oil and condensate was 66,558 bbls (7,715 t) compared to 68,713 bbls (8,753 t) a year ago.