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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.

April 24, 2019

Increase in Reserves for Licence 67 following drilling success

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 (the remaining 50% held by Arawak Energy), is pleased to give the following update in relation to reserves at its Licence 67.

 Highlights

 ·         New reserves approved for Licence 67, Cheremshanskoye field.

 ·         Approximately 19.26 mmbbls of C1 + C2 reserves (gross) for the Jurassic Reservoirs.

 ·         Currently examining development options for Licence 67.

 ·         Material additional exploration potential of the overlying Cretaceous section being studied.

April 16, 2019

Share Issue

PetroNeft has agreed to issue 13,884,594 Ordinary Shares in settlement of liabilities as follows:

April 9, 2019

Initial thoughts from New Chief Executive Officer

“I have now been in my new position as CEO for just over two weeks and thought it would be an appropriate time to update you on my initial thoughts."