Central processing facility at night Picture 7 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.

April 28, 2017

Q1 2017 Production Data

Oil production at Licence 61 in the first quarter of 2017.

Licence 61 Gross Production

Q1-2017

Q4-2016

Q3-2016

Q2-2016

Q1-2016

FY 2016

FY 2015

Total gross production

224,604

255,068

305,126

223,877

206,816

990,887

737,655

Gross bopd

2,496

2,772

3,317

2,460

2,273

2,707

2,021

PetroNeft 50% share bopd

1,248

1,386

1,658

1,230

1,136

1,354

1,010


March 31, 2017

2017 Work Programme and Financing agreed with Oil India

In order to further de-risk the field before committing to significant full field development expenditure it has been decided to drill an additional delineation well, S-375, before commencing the full development of the field. The S-375 well will be drilled on the northern structural lobe of the field approximately 2km south of existing wells that contained approximately 10m of net pay. This well will be spudded in Q2-2017 and completed this summer. 

January 31, 2017

2016 Production Data

Oil production at Licence 61 in 2016.

Licence 61 Gross Production

Q4-2016

Q3-2016

Q2-2016

Q1-2016

FY 2016

FY 2015

Total gross production

255,068

305,126

223,877

206,816

990,887

737,655

Gross bopd

2,772

3,317

2,460

2,273

2,707

2,021

PetroNeft 50% share bopd

1,386

1,658

1,230

1,136

1,354

1,010