

March 2, 2021
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 is pleased to announce operational successes.
February 22, 2021
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, announces that David Golder has, after 15 years’ service to the company, decided to retire from the Board with immediate effect.
The Board has unanimously elected Alastair McBain, who joined the board on 29th January 2021, as Non-Executive Chairman of the Company.
February 19, 2021
PetroNeft Resources PLC EGM Result
And
Notification of EGM in connection with Convertible Debt Funding.
Dublin 19 February 2021: PetroNeft Resourced PLC ("PetroNeft Resources " or the "Company") an international oil and gas exploration and production company focused in Russia, is pleased to announce that all Resolutions were duly passed without amendment at the Company's EGM held at 11.00 am today, 19 February 2021.
All resolutions as set out in the Notice of EGM were voted on by way of a poll and the results were as follows:
|
In Favour (including discretionary) |
Against |
Vote Total as % of Issued Share Capital |
Withheld* |
||
Resolution |
Votes |
% |
Votes |
% |
% |
Votes |
1
|
466,656,816 |
100 |
56,000 |
0 |
55.6 |
111,382 |
2 |
466,656,816 |
100 |
56,000 |
0 |
55.6 |
111,382 |
3 |
466,656,816 |
100 |
56,000 |
0 |
55.6 |
111,382 |
*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "in favour" or "against" the Resolution.
The full wording of the resolutions can be found by clicking on the following link:
http://petroneft.com/upload/information/notices/
An EGM Circular and Notice of EGM has been posted to Shareholders on 18 February 2021 and being made available for review on www.petroneft.com. The EGM will be held at the Company’s registered office, 20 Holles Street, Dublin 2, Ireland at 11.00 am on Friday 12 March 2021.
February 17, 2021
Extraordinary General Meeting Call on Friday, February 19th at 11.000 am
Dublin, Ireland – PetroNeft Resources PLC – . an international oil and gas exploration and production company focused in Russia, announced on January 29th last that it will hold its Extraordinary General Meeting on February 19 at 11.00am.
To tackle the ongoing COVID-19 global pandemic, the Irish and UK Governments have put in place various laws restricting the movement and gathering of people. These laws include restriction on gatherings indoors, unless essential for work purposes. The health and wellbeing of our Shareholders, employees, advisers and of the public is of utmost importance to the Board. The Company is committed to minimizing the unnecessary movement of people at this time. As a result, and in order that Shareholders can comply with the measures currently in place, this year’s Annual General Meeting requires to be a closed meeting, which Shareholders are not permitted to attend in person.
Notice of the Extraordinary General Meeting can be obtained by copying and pasting the following link into your web browser.
http://petroneft.com/investor-relations/2021-egm-centre/
Voting procedures are explained in pages 73 and 74 of the notice of the Extraordinary General Meeting where shareholders can obtain more information on the procedures for voting by completion of either an electronic proxy appointment or a CREST Proxy Instruction.
February 17, 2021
Highlights
February 1, 2021
Highlights
January 29, 2021
January 27, 2021
Licence 61
Licence 67
January 22, 2021
Convertible Loan facility
In June 2019 PetroNeft agreed a convertible loan facility of US$1.3 million with a group of five lenders. The convertible loan matured on 31st December 2020. The Company is now pleased to announce that it has reached agreement with the five lenders to extend the term of the loan under the following terms:
January 15, 2021
Highlights
January 14, 2021
Loan facility
In June 2019 PetroNeft agreed a convertible loan facility of US$1.3 million with a group of five lenders. The convertible loan matured on 31st December 2020 however discussions have been ongoing to secure a one year extension to the maturity date. Whilst those discussions are ongoing we are confident that we will be able to announce a successful outcome shortly.
December 15, 2020
Annual General Meeting Call on Friday, December 18that 11.000 am
Dublin, Ireland – PetroNeft Resources PLC – . an international oil and gas exploration and production company focused in Russia, announced on November 26th last that it will hold its Annual General Meeting on December 18th at 11.00am.
To tackle the ongoing COVID-19 global pandemic, the Irish and UK Governments have put in place various laws restricting the movement and gathering of people. These laws include restriction on gatherings indoors, unless essential for work purposes. The health and wellbeing of our Shareholders, employees, advisers and of the public is of utmost importance to the Board. The Company is committed to minimizing the unnecessary movement of people at this time. As a result, and in order that Shareholders can comply with the measures currently in place, this year’s Annual General Meeting requires to be a closed meeting, which Shareholders are not permitted to attend in person.
Notice of the Annual General Meeting can be obtained by copying and pasting the following link into your web browser.
/investor-relations/investor-notices/Dial in details and Webcast_PetroNeft.pdf
Voting procedures are explained in page 5 of the notice of the Annual General Meeting were shareholders can obtain more information on the procedures for voting by completion of either an electronic proxy appointment or a CREST Proxy Instruction.
December 15, 2020
Petrogrand Loan facility
In January 2018 PetroNeft agreed a loan facility for up to US$2 million with Swedish company Petrogrand AB (“Petrogrand”) secured on the assets of PetroNeft. The loan facility was fully drawn down and was used to finance the drilling of the successful C-4 well in 2018 and for general corporate purposes. During 2019, the parties further agreed to an increase in the facility by US$500,000 to US$2.5 million and a revised maturity date of 15 December 2020. Terms include the potential entitlement to bonus payments of US$2.5 million per Licence if either or both Licence 61 or Licence 67 are sold before 31 December 2022.
The company is now pleased to announce that it has reached agreement with Petrogrand to further extend the loan under the following terms:
Extension to the Maturity date to 15th December 2021 at the same interest rate.
Ten percent of the loan amount to be repaid in six equal instalments from July through to December 2021.
Further extension possible to 15th December 2022 on payment of a further 10% of outstanding loan amount by 15th December 2021.
Extension to the bonus payments timing by up to two years to 31st December 2024.
December 14, 2020
Highlights
· Strategic step forward on Licence 67 towards year-round production and development of Cheremshanskoye field.
· Offtake contract signed with Alexandrovskoye Oil Refinery (“AOR”) that includes circa $1M of advance payment against future oil shipment from the C4 well on the Cheremshanskoye field to cover infrastructure development on Licence 67.
· Contract awarded to Kedr LLC (local construction company in Tomsk) to cover the construction of a 6.5 km all weather road connecting the C4 well to the nearest all season road thereby enabling year round production from early 2021.
November 26, 2020
PetroNeft Resources plc ('PetroNeft' or 'the Company')
NOTICE OF AGM POSTING
PetroNeft confirms that the Notice of the Company’s 2020 Annual General Meeting (AGM) has been posted to shareholders today. The 2020 AGM will be held at 11:00am in the Red Cow Inn, Naas Road, Dublin, D22RSP3, Ireland. The Notice is now available online at the Company's website Click here for AGM Notice 2020
October 30, 2020
Highlights
October 8, 2020
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 is pleased to announce the successful testing of the mini oil refinery on Licence 61 ahead of schedule.
Highlights
Successful testing of mini refinery processing unit on Licence 61.
Regulatory approval in process, expected to be in place by Q1 2021.
Project set to significantly reduce operating expenditure
September 25, 2020
PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended 31st December 2019.
Highlights
September 21, 2020
21st September 2020
PetroNeft Resources plc ('PetroNeft' or 'the Company')
Licence 67 Financing Arrangements,
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, is pleased to provide the following financing update:
Highlights
August 25, 2020
25th August 2020
PetroNeft Resources plc ('PetroNeft' or 'the Company')
Operational Update
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 is pleased to announce improved production.
Highlights
o Production up year on year by 7.8%, to 1,589 bbls/day July 2020, currently averaging 17% above July 2019 levels.
o Strong performance from the Lineynoye field with production over 20% ahead of July 2019 levels.
o Sibkrayevskoye field continues to perform well with production currently averaging 246 bbls/day.
o Improvement in local market conditions.