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 12, 2015
• L-10 horizontal well brought online at a sustained rate of 230 bopd.
• L-10 result confirms short segment horizontal drilling greatly increases flow rates.
• T-503 horizontal well continues to produce at a sustained rate of over 500 bopd.
• T-502 horizontal segment drilling in progress.
• T-508 control well and water injector drilled in 17 days.
• Current gross production from Licence 61 is about 2,600 bopd.Represents a 41% increase in production thus far this year.
July 22, 2015
• T-503 horizontal well brought online at sustained rate of over 550 bopd.
• Latest test rate was 675 bopd.
• Processing and interpretation of 1,000 km of high quality 2D seismic underway.
• Early indications suggest that the Sibkrayevskoye structure is larger than previously understood.
June 30, 2015