Picture 4 Gas powered generators at Central processing facility Picture 5

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.

September 5, 2017

Operations Update – Drilling of S-375 well completed

Highlights
· S 375 delineation well and S-375s sidetrack well contain 4.8 m and 14.8 m respectively of net oil pay based on log and core data
· Testing contractor being mobilised to field with results expected by end September
· Reserve calculation and Development Plan being updated

July 28, 2017

Q2 2017 Production Data

PetroNeft provides an update on oil production at Licence 61 in the second quarter of 2017. 

Licence 61 Gross Production

Q2-2017

Q1-2017

Q4-2016

Q3-2016

Q2-2016

FY 2016

FY 2015

Total gross production

200,208

224,604

255,068

305,126

223,877

990,887

737,655

Gross bopd

2,200

2,496

2,772

3,317

2,460

2,707

2,021

PetroNeft 50% share bopd

1,100

1,248

1,386

1,658

1,230

1,354

1,010

 

July 20, 2017

Operations Update – Drilling of S-375 well commenced

PetroNeft (AIM: PTR) is pleased to announce that it has commenced drilling the S-375 delineation well at Sibkrayevskoye. It is expected to take up to eight weeks to drill and test the well. The S-375 well is being drilled on the northern structural lobe of the field approximately 2km south of existing wells that contained about 10m of net pay.