PetroNeft Resources plc

Equities

P8ET

IE00B0Q82B24

Oil & Gas Exploration and Production

Real-time Irish S.E. Other stock markets 11:55:00 2024-01-04 am EST			5-day change	1st Jan Change
0.0005 ^EUR	-.--%		-.--%	-.--%

Jan. 03	PetroNeft shares to be cancelled from AIM amid Russia exit	AN
Jan. 03	PetroNeft Resources plc Announces Board Changes, Effective on January 4, 2024	CI

PetroNeft Resources : Quarterly Production Update

January 25, 2018 at 02:09 am EST

25 January 2018

PetroNeft Resources plc

('PetroNeft' or the 'Group' or the 'Company')

Quarterly Production Update

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, provides an update on oil production at Licence 61 in the fourth quarter of 2017.

Licence 61 Gross Production	Q4-2017	Q3-2017	Q2-2017	Q1-2017	FY 2017	FY 2016	FY 2015
Total gross production	198,708	192,956	200,208	224,604	816,476	990,887	737,655
Gross bopd	2,160	2,097	2,200	2,496	2,237	2,707	2,021
PetroNeft 50% share bopd	1,080	1,049	1,100	1,248	1,118	1,354	1,010

Winter production from Sibkrayevskoye oil field commenced in mid December 2017 and therefore will primarily impact Q1-2018 production. Production in 2017 has benefited from the continuing good performance of the Arbuzovskoye Pad 2 horizontal wells.

The production for the first quarter of 2018 will be announced in April 2018.

For further information, contact:

Dennis Francis, CEO, PetroNeft Resources plc	+1 713 988 2500
Paul Dowling, CFO, PetroNeft Resources plc	+353 1 647 0280
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)	+353 1 679 6363
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)	+44 207 523 8000
Joe Heron / Douglas Keatinge, Murray	+353 1 498 0300

The information contained in this announcement has been reviewed and verified by Mr. Dennis Francis, Director and Chief Executive Officer of PetroNeft, for the purposes of the Guidance Note for Mining and Oil & Gas Companies issued by the London Stock Exchange in June 2009. Mr. Francis holds a B.S. Degree in Geophysical Engineering and a M.S. Degree in Geology from the Colorado School of Mines. He has also graduated from the Harvard University Program for Management Development. He is a member of the American Association of Petroleum Geologists and the Society of Exploration Geophysicists. He has over 40 years' experience in oil and gas exploration and development.

Petroneft Resources plc published this content on 25 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2018 07:09:14 UTC.

Original documenthttp://petroneft.com/news/2018/1168/

Public permalinkhttp://www.publicnow.com/view/5A759A636D4154660D5E4CB0DAE398E8F956608C

Latest news about PetroNeft Resources plc

PetroNeft shares to be cancelled from AIM amid Russia exit	Jan. 03	AN
PetroNeft Resources plc Announces Board Changes, Effective on January 4, 2024	Jan. 03	CI
PetroNeft Resources to Delist from London Bourse in 2024 Amid Delay in Russian Assets' Sale	Dec. 21	MT
PetroNeft to Partly Settle $5.6 Million Debt Via Loan Agreements	23-09-05	MT
C4X Discovery inks Indivior deal, Digitalbox expands	23-08-01	AN
PetroNeft Resources Enters Deal for Possible Divestment of Russian Assets	23-08-01	MT
On The Beach rejigs board, names new CEO and CFO	23-06-30	AN
PetroNeft Resources to Sell Stake in Lineynoye; Shares Down 15%	23-06-14	MT
PetroNeft agrees to sell all its interests in subsidiary Lineynoye	23-06-14	AN
Pavel Tetyakov entered into a non-binding conditional Heads of Terms to acquire Lineynoye LLC from PetroNeft Resources plc and Belgrave Naftogas BV for RUB 210 million.	23-06-13	CI
PetroNeft not found auditor, unlikely to meet annual results deadline	23-05-11	AN
Stocks red, sterling slumps after BoE decision	23-05-11	AN
AIM WINNERS & LOSERS: Ilika rises on battery shipments; SDI slides	23-05-11	AN
PetroNeft shares plummet after Stimul-T files for bankruptcy in Russia	23-05-10	AN
Oil India International BV acquired 50% stake in WorldAce investment limited from PetroNeft Resources plc.	23-05-09	CI
FTSE 100 Index Closed Down 1% on Increased Global Banking Fears	23-03-17	DJ
UK Budget's Pension Changes Are More Material Than Might First Appear	23-03-17	DJ
Petroneft in discussions of Russian assets sale; court rules on claim	23-03-17	AN
PetroNeft Resources Receives EoI for Russian Assets	23-02-13	CI
PetroNeft sizes up potential bid for firm's Russian assets	23-02-10	AN
Petroneft's London Stock Surges as CEO Mulls Acquisition of Russian Assets	23-02-10	MT
TRADING UPDATES: PetroNeft extends maturity; NetScientific loses chair	23-02-01	AN
UK shareholder meetings calendar - next 7 days	22-12-28	AN
UK shareholder meetings calendar - next 7 days	22-12-23	AN
UK shareholder meetings calendar - next 7 days	22-12-22	AN

Chart PetroNeft Resources plc

Duration

Period

More charts

Company Profile

PetroNeft Resources PLC is an international oil and gas exploration and production company, focused on Russia. The Company develops oil assets in the Tomsk Oblast in Western Siberia. The Company has two main assets, a 90% operating interest in a 2,477 square kilometers (km2) oil and gas license (License 67) and a 50% operated interest in a 4,991 km2 oil and gas license (License 61), both these licenses are located within the Tomsk Oblast. These licenses are located in the prolific Western Siberian Oil and Gas Basin. License 61 includes seven known oil fields: Lineynoye, Tungolskoye, Arbuzovskoye, Sibkrayevskoye, West Lineynoye, Kondrashevskoye and North Varyakhskoye and over 25 Prospects and Leads that are being explored. License 67 includes the Cheremshanskoye and Ledovoye oil fields and numerous prospects and leads. Tungolsky License 61 is located on the east side of the Ob River in the least explored oil-bearing region of the Tomsk Oblast.

Sector

Oil & Gas Exploration and Production

Calendar

2024-09-26 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
PETRONEFT RESOURCES PLC	-.--%	588K
CHEVRON CORPORATION	+9.66%	302B
CONOCOPHILLIPS	+11.38%	151B
CNOOC LIMITED	+46.15%	118B
CANADIAN NATURAL RESOURCES LIMITED	+21.45%	82.37B
EOG RESOURCES, INC.	+12.11%	78B
PIONEER NATURAL RESOURCES COMPANY	+22.52%	64.37B
OCCIDENTAL PETROLEUM CORPORATION	+12.76%	59.69B
HESS CORPORATION	+10.38%	48.87B
DIAMONDBACK ENERGY, INC.	+32.34%	36.62B

Other Oil & Gas Exploration and Production