Appointment of Joint Broker

May 21, 2007

PetroNeft Resources plc ("PetroNeft")


PetroNeft announces that it has appointed Natixis Bleichroeder (a division of Natixis, London Branch) as its joint broker with immediate effect. 

Davy continues to act as joint broker and nominated adviser for PetroNeft.


For further information, contact:

Dennis Francis, CEO, PetroNeft Resources plc
+1 713 988 2500

Desmond Burke, Director Investor Relations, PetroNeft Resources plc
+353 52 53226

Nick Elwes/Paddy Blewer, College Hill
+44 207 457 2020