PetroNeft Resources plc

Equities

P8ET

IE00B0Q82B24

Oil & Gas Exploration and Production

Market Closed - 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 not found auditor, unlikely to meet annual results deadline

May 11, 2023 at 12:14 pm EDT

(Alliance News) - PetroNeft Resources PLC said on Thursday it has been unable to find an auditor for its 2022 annual results, and that it is becoming "increasingly clear" it will be unable to report annual results by its June 30 deadline.

PetroNeft is an oil and gas exploration company focused on Russia. PetroNeft faces financial challenges following the announcement that Stimul-T LCC, the operator of Licence 61 in Tomsk, has filed for bankruptcy. PetroNeft is a shareholder in Stimul-T LCC.

PetroNeft has launched a strategic asset review, with the sales process of licences L61 and L67 remaining ongoing.

PetroNeft continues to be in negotiations with Petrogrand AB and the holders of the 2019 convertible loans, though state it cannot predict the outcome of these negotiations.

Petroneft shares closed down 16% to 0.19 pence in London on Thursday afternoon

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
US DOLLAR / RUSSIAN ROUBLE	92.1 RUB	+0.25%	-0.97%	-
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
PETRONEFT RESOURCES PLC	0.0005 EUR	-.--%	-.--%	588K

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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Sector Other Oil & Gas Exploration and Production

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