Pad №2 preparation Picture 7 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.

November 26, 2020

AGM Notice - AGM on 18th December 2020


PetroNeft Resources plc ('PetroNeft' or 'the Company') 

NOTICE OF AGM POSTING

PetroNeft confirms that the Notice of the Company’s 2020 Annual General Meeting (AGM) has been posted to shareholders today. The 2020 AGM will be held at 11:00am in the Red Cow Inn, Naas Road, Dublin, D22RSP3, Ireland. The Notice is now available online at the Company's website  Click here for AGM Notice 2020

October 30, 2020

Interim Results for the Half Year Ended 30 June 2020

Highlights

  • Gross production from Licence 61 in H1 2020 1,566 bopd (783 bopd net to PetroNeft). 
  • Completed construction of a 26 km pipeline connecting Sibkrayevskoye field to the Central Processing Unit significantly ahead of schedule and within budget, allowing year-round production from Sibkrayevskoye which commenced from the end of March 2020. 
  • Optimisation of the water flood program at the Lineynoye field resulting in a 20% year on year increase in production (July to July). 
  • Successfully completed extended well test of the C-4 well producing and selling 1,200 bbls of oil at competitive rates. 
  • Restarted construction of mini refinery at License 61, which is now under test production. 
  • Daria Shaftelskaya and Pavel Tetyakov joined the board, while Maxim Korobov resigned after almost 4 years as a director.

Click here for interim financials


October 8, 2020

Successful testing of Mini Oil Refinery


PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to announce the successful testing of the mini oil refinery on Licence 61 ahead of schedule.

Highlights        

  • Successful testing of mini refinery processing unit on Licence 61.

  • Regulatory approval in process, expected to be in place by Q1 2021.

  • Project set to significantly reduce operating expenditure