Gas powered generators at Central processing facility Picture 6 Picture 4

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 12, 2015

Operations Update

Highlights

West Lineynoye

• L-10 horizontal well brought online at a sustained rate of 230 bopd.

• L-10 result confirms short segment horizontal drilling greatly increases flow rates.

Tungolskoye

• T-503 horizontal well continues to produce at a sustained rate of over 500 bopd.

• T-502 horizontal segment drilling in progress.

• T-508 control well and water injector drilled in 17 days.

Production

• Current gross production from Licence 61 is about 2,600 bopd.

Represents a 41% increase in production thus far this year.

July 22, 2015

Operations Update

Tungolskoye

• T-503 horizontal well brought online at sustained rate of over 550 bopd.

• Latest test rate was 675 bopd.

Sibkrayevskoye

• Processing and interpretation of 1,000 km of high quality 2D seismic underway.

• Early indications suggest that the Sibkrayevskoye structure is larger than previously understood.

June 30, 2015

2014 Annual Report

The Company's Annual Report and Accounts for the year ended 31 December 2014 and Notice of AGM has been posted to shareholders today.