Central processing facility at night Picture 5 Picture 4

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.

April 26, 2021

Licence 67 Operational Update

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, is pleased to announce the following operational update for Licence 67.

Highlights 

  • Completion of the Cheremshanskoye road ahead of schedule and within budget.
  • Good performance from the C-4 well. The well is flowing naturally at approximately 300 bopd without any decline and over 16,000 bbls of oil has been produced to date.

  • Workover rig mobilized to the L-2a well on Ledovoye field, initial results expected by the end of Q2.

April 8, 2021

Conversion of debt

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, is pleased to provide a financing update.

Highlights

  • $156,000 of debt converted to equity under the 2019 convertible loan agreement for the issuance of 10,084,034 new Ordinary shares.

April 1, 2021

Conversion of debt

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licence 61 and 90% owner of Licence 67, is pleased to provide a financing update.

Highlights

  • Total of $2.69M of debt converted to equity under three historic convertible loan agreements for the issuance of 115,794,613 new Ordinary shares.
  • Participation by the company’s largest Shareholders, Directors and Senior Management.