Picture 8 Picture 6 Gas powered generators at Central processing facility

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.

July 22, 2015

Operations Update

Tungolskoye

• T-503 horizontal well brought online at sustained rate of over 550 bopd.

• Latest test rate was 675 bopd.

Sibkrayevskoye

• Processing and interpretation of 1,000 km of high quality 2D seismic underway.

• Early indications suggest that the Sibkrayevskoye structure is larger than previously understood.

June 30, 2015

2014 Annual Report

The Company's Annual Report and Accounts for the year ended 31 December 2014 and Notice of AGM has been posted to shareholders today.

June 23, 2015

Final Results 2014

2014 Highlights

· Licence 61 Farmout to Oil India Limited completed in July 2014.

· Total investment by Oil India will be up to US$85 million.

· Licence 61 Farmout has left the Company debt free and is funding a major well drilling campaign.

· Drilling recommenced in August 2014.

· Production 728,826 barrels of oil from Licence 61 in 2014.