OREANDA-NEWS . September 4, 2012. Integra Group (LSE: INTE), one of the leading independent providers of diversified oilfield services, released today its unaudited Interim Condensed Consolidated Financial Statements, prepared in accordance with IFRS, for the six months ended June 30, 2012.

Operations of Integra Group’s Formation Evaluation segment were discontinued following a combination of the seismic businesses of Integra, Schlumberger and Geotech and were excluded from 1H 2011 financial results for comparison purposes.

1H 2012 Financial Highlights

• Sales decreased by 3.4% to USD 295.0 million (vs. USD 305.5 million in 1H 2011)

• Adjusted EBITDA* from continuing operations decreased by 96.2% to USD 1.4 million (vs. USD 36.6 million in 1H 2011)

• Adjusted EBITDA margin decreased to 0.5% (vs. 12.0% in 1H 2011)

• Loss for the period from continuing operations amounted to USD 40.8 million (vs. profit of USD 20.6 million in 1H 2011)

• Net cash generated from operating activities decreased by 29.7% to USD 5.2 million

(vs. USD 7.4 million in 1H 2011)

• Capital expenditures were USD 21.1 million (vs. USD 42.6 million in 1H 2011)

• Net debt as of June 30, 2012 was USD 188.8 million (vs. USD 181.6 million as of December 31, 2011)

1H 2012 Operating Highlights

• 149 thousand meters drilled (vs. 126 thousand meters during 1H 2011)

• 31 active drilling rigs (1H 2011: 18 active drilling rigs)

• 1,651 workover operations conducted (vs. 1,739 workover operations during 1H 2011)

• 79 workover crews (1H 2011: 76 workover crews)

• 232 cementing operations conducted (vs. 502 cementing operations during 1H 2011)

• 14 cementing fleets (1H 2011: 14 cementing fleets)

• 104 coiled tubing operations conducted (vs. 147 coiled tubing operations during 1H 2011)

• 4 coiled tubing units (1H 2011: 4 coiled tubing units)

• 159 wells completed with directional drilling service (vs. 222 wells during 1H 2011)

• 24 directional drilling crews (1H 2011: 24 directional drilling crews)

• 330 downhole motors and 30 turbodrills produced (vs. 205 downhole motors and 42 turbodrills produced during 1H 2011)

2012 Order book update

• USD 645.9 million (RR 20.2 billion) in tenders won and executed contracts in 2012, excluding the order book of discontinued businesses, calculated on August 27, 2012;

• of which USD 602.5 million (RR 18.9 billion) is with respect to executed contracts for 2012, and USD 295.0 is already recognised as 1H 2012 revenue;

• 2012 total order book (executed contracts and tenders won) is 11.2% higher in Ruble terms compared to 2011 order book calculated on August 22, 2011 (adjusted for historic order book of discontinued businesses), and already exceeds full year 2011 revenue by 4.9%;

• Our 2012 order book is denominated in Russian rubles.

Felix Lubashevsky, Integra Group’s President and Chief Executive Officer, commented:

”In the first six months of 2012, compression of industry margins arising from increased operating costs and lack of meaningful price growth for our services coincided with negative volumes in several technology services. As announced at the time of our first quarter results, in 1H2012 we have recognized a total of USD 22.0 million of additional expenses and lost margins related to incidents on complex long-term drilling and workover projects. These incidents were the primary reason behind a significant deterioration of our margins and cash earnings but have been fully resolved with our customers resulting in the preservation of key relationships and further business won. Adjusted for one-time expenses we see a seasonal pickup in quarterly profitability in most services and expect these trends to continue into the third quarter.

Our strategic priorities for the remainder of 2012 and beyond are quality improvement, cash conversion, select capacity investment to capture current market growth and further cost optimization.”