First and Second Stage Oil Separators Picture 7 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.

September 26, 2018

H1 2018 Interim Results

Highlights

•         Gross production from Licence 61 in H1 2018 was 2,135 bopd (1,068 bopd net to PetroNeft).

•         Testing of C-4 well continuing

o    Testing will continue for several week

August 28, 2018

Drilling Update – C-4 Well

Highlights

·         Successful well proves up significant northern half of the Cheremshanskoye field with oil tested from two horizons at a combined prorated flow of 399 bfpd, exceeding expectations.

·         The well is the first one drilled with the help of 3D seismic data acquired by PetroNeft in 2014 and is approximately 5km from the previous two oil wells which were drilled along the southern boundary of the field (C-1 & C-3).

·         Result has the potential to increase reserves by 40 mmbbls (20 mmbbls net to PetroNeft)

·         Total net pay across both Jurassic intervals is 10.4 m

August 9, 2018

Q2 2018 Production Update

Oil production at Licence 61 for the second quarter of 2018. 

Licence 61 Gross Production

Q2-2018

Q1-2018

Q4-2017

Q3-2017

Q2-2017

FY 2017

FY 2016

FY 2015

Total gross production bbls

183,368

203,114

198,708

192,956

200,208

816,476

990,887

737,655

Gross bopd

2,015

2,257

2,160

2,097

2,200

2,237

2,707

2,021

PetroNeft 50% share bopd

1,008

1,128

1,080

1,049

1,100

1,118

1,354

1,010