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 4, 2014
Completion of Licence 61 Farmout
· All debt repaid
· Drilling to re-commence at Licence 61 this month as part of a fully funded exploration and development programme
· Introduces a strong industry partner seeking to build an oil and gas business and strategic position in Russia
· New chapter begins for a significantly strengthened PetroNeft
June 30, 2014
Update on Licence 61 Farmout
· All Russian Regulatory Approvals received
· Completion of transaction expected in the coming days
· All debt to be repaid
· Drilling to re-commence at Licence 61
June 27, 2014
Final results 2013
· Revenue up 12% to $38.6m
· Production up 8% to 870,965 barrels of oil
· Net loss of $9m, driven by $6m foreign exchange loss on intra-group loans
· Licence 61 Farmout will leave Company debt free and fund major well drilling campaign
