Gas powered generators at Central processing facility Pad №2 preparation Picture 6

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.

July 21, 2016

Operations Update

Highlights

Fourth successful well drilled at South Arbuzovskoye

Further increases to record production levels

Production

· Current gross production from Licence 61 increased to about 3,700 bopd (1,850 bopd net to PetroNeft)

· Increase due to new A-216 well at Arbuzovskoye

This is a new record high production for the Licence area, improving further the levels reported at the beginning of the month

July 5, 2016

Operations Update

Highlights

Third successful well drilled at South Arbuzovskoye

Fourth well added as follow-up

Record production achieved

Production

· Current gross production from Licence 61 increased to about 3,500 bopd (1,750 bopd net to PetroNeft).

· Increase due to three strongly performing new wells at Arbuzovskoye.

· This is the all-time record high production for the Licence area.

June 23, 2016

Final results 2015

Highlights

· Gross production 737,655 barrels of oil from Licence 61 in 2015

o Average gross production of 2,021 bopd

o Current gross production about 3,000 bopd

· 11 Wells drilled in 2015

· 1,000 km of 2D seismic acquired at Licence 61 in 2015

· 65.5 mmbbls total 2P reserves net to PetroNeft

Outlook

· Further production increases likely from South Arbuzovskoye

· Drilling at Sibkrayevskoye No. 374 due to commence in July 2016 – potential for material increase in reserves

Active, fully funded work programme planned at Licence 61 in 2016 and 2017