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.
June 30, 2015
June 23, 2015
· 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.
May 22, 2015
• Sibkrayevskoye No. 373 appraisal well flows 100 bopd (stabilised, unstimulated natural flow) and confirms 11.5 m net oil pay. Flow rates with a pump would be considerably higher.
• Acquisition of 1,000 km of high quality 2D seismic completed.