Pad №2 preparation Picture 4 Well heads at Lineynoye

PetroNeft Resources plc is an international oil and gas exploration and
production company, focused on Russia. The company’s shares are
listed on the London AIM and Dublin ESM Markets.

May 22, 2015

Operations Update

Highlights

Sibkrayevskoye

• Sibkrayevskoye No. 373 appraisal well flows 100 bopd (stabilised, unstimulated natural flow) and confirms 11.5 m net oil pay. Flow rates with a pump would be considerably higher.

• Acquisition of 1,000 km of high quality 2D seismic completed.

March 20, 2015

Operations Update

Highlights

Tungolskoye

• Tungolskoye Development drilling contract awarded to Eurasia Drilling, one of the largest drilling companies in Russia

Arbuzovskoye

• Arbuzovskoye further wells now on production

Sibkrayevskoye

• Sibkrayevskoye No. 373 appraisal well has spudded, result expected in April 2015

February 3, 2015

Operations Update

Highlights

Tungolskoye

· Tungolskoye No. 5 well tested at over 600 bopd and is now in production

· Development of Tungolskoye to proceed immediately

o 11 well Tungolskoye campaign to commence in Q2 2015

o Tenders awarded for drilling and for the development of additional infrastructure at Tungolskoye

Arbuzovskoye & Sibkrayevskoye

· Arbuzovskoye 103 well now in production at a stabilised average rate of 125 bopd and confirms southern lobe of field

· Arbuzovskoye 104 well drilled with 5.4 metres of net pay, expected on production shortly

· Arbuzovskoye 107 well has been spudded