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 28, 2018
Drilling Update – C-4 Well
Highlights
· Successful well proves up significant northern half of the Cheremshanskoye field with oil tested from two horizons at a combined prorated flow of 399 bfpd, exceeding expectations.
· The well is the first one drilled with the help of 3D seismic data acquired by PetroNeft in 2014 and is approximately 5km from the previous two oil wells which were drilled along the southern boundary of the field (C-1 & C-3).
· Result has the potential to increase reserves by 40 mmbbls (20 mmbbls net to PetroNeft)
· Total net pay across both Jurassic intervals is 10.4 m
August 9, 2018
Q2 2018 Production Update
Oil production at Licence 61 for the second quarter of 2018.
|
Licence 61 Gross Production |
Q2-2018 |
Q1-2018 |
Q4-2017 |
Q3-2017 |
Q2-2017 |
FY 2017 |
FY 2016 |
FY 2015 |
|
Total gross production bbls |
183,368 |
203,114 |
198,708 |
192,956 |
200,208 |
816,476 |
990,887 |
737,655 |
|
Gross bopd |
2,015 |
2,257 |
2,160 |
2,097 |
2,200 |
2,237 |
2,707 |
2,021 |
|
PetroNeft 50% share bopd |
1,008 |
1,128 |
1,080 |
1,049 |
1,100 |
1,118 |
1,354 |
1,010 |
August 7, 2018
Drilling Update
Drilling of the Cheremshanskoye No. 4 (C-4) well has commenced in recent days. The C-4 well is designed to further delineate and de-risk the Cheremshanskoye field in advance of field development.
