Director's Dealing Announcement

April 5, 2007

PetroNeft Resources plc
('PetroNeft' or 'the Company')


PetroNeft was notified today that Mr. Vakha Sobraliev, a non-executive director of the Company, purchased 140,733 ordinary shares of €0.01 each ('Ordinary Shares') at a price of €0.70 per Ordinary Share. Following this transaction, Mr Sobraliev's aggregate holding in the Company has increased to 22,915,047 Ordinary Shares representing approximately 13% of the issued share capital of the Company.