Holding in Company

RNS Number: 5120B
Petroneft Resources PLC

PetroNeft Resources plc (the "Company")

Holding in Company

The Company received a notification on 15 August 2008 from Arawak Energy plc stating that it has interest in 10,101,010 ordinary shares which represents 4.46% of the Company's issued ordinary share capital.

Ends

This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange.

This information is provided by RNS, the company news service from the London Stock Exchange.