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.
October 14, 2014
· Vertical pilot hole successfully completed
· Structural interpretation of Tungolskoye confirmed
· Open hole flow test of 100 bopd, unstimulated
· 8.2 metres of net oil pay encountered
· Horizontal section of T-5 well to commence
September 26, 2014
· H1 production average of 2,163 bopd.
· Farmout of Licence 61 to Oil India completed, Company is now debt-free.
· Drilling underway at Tungolskoye and Arbuzovskoye.
August 19, 2014
· 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 wellSeismic acquisition crew mobilised to commence operations for the acquisition of 1,000 km of high resolution 2D seismic in Q1 2015