Picture 4 Picture 5 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.

August 19, 2014

Drilling Operations Re-commencing

· Drilling crew mobilised to commence drilling of Tungolskoye No. 5 well within the next week

· Second Drilling crew to re-commence production drilling at Arbuzovskoye will be mobilised shortly

· The Sibkrayevskoye No. 373 delineation well will follow the Tungolskoye No. 5 well

Seismic acquisition crew mobilised to commence operations for the acquisition of 1,000 km of high resolution 2D seismic in Q1 2015

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