PetroNeft Resources plc

Equities

P8ET

IE00B0Q82B24

Oil & Gas Exploration and Production

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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 : Statement on Media Speculation

July 12, 2018 at 10:40 am EDT

PetroNeft Resources plc

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

Statement on Media Speculation

PetroNeft (AIM: PTR), notes the speculation in media regarding the potential disposal of Licence 61. The Company is examining a number of options in relation to maximising shareholder value. This process is at a very early stage and there is no certainty that any transaction will be completed. Further announcements will be made in the event of a material development.

ENDS

For further information, please 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

PetroNeft is an oil and 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 for the first quarter of 2018.

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Petroneft Resources plc published this content on 12 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 14:39:04 UTC

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

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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)

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