Interim Results for the Half Year Ended 30 June 2014
September 26, 2014
PetroNeft Resources plc
(“PetroNeft” or the “Company”)
2014 Interim Results
PetroNeft Resources plc (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its results for the 6 months ended 30 June 2014.
Highlights:
· H1 production average of 2,163 bopd.
· Farmout of Licence 61 to Oil India completed, Company is now debt-free.
· Drilling underway at Tungolskoye and Arbuzovskoye.
Click here to view the Interim Results
David Golder, Chairman of PetroNeft Resources plc, commented:
“The first half of 2014 was a turning point for the Company. The farmout of Licence 61 was agreed with Oil India which lead to the repayment of all debt and the re-commencement of drilling at Licence 61.
Drilling is now underway at both Tungolskoye and Arbuzovskoye and I look forward to providing further updates on these activities in the near future.”
For further information, contact:
|
Dennis Francis, CEO, PetroNeft Resources plc |
+1 713 988 2500 |
|
Paul Dowling, CFO, PetroNeft Resources plc |
+353 1 647 0280 |
|
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker) |
+353 1 679 6363 |
|
Henry Fitzgerald-O’Connor, Canaccord Genuity Limited (Joint Broker) |
+44 207 523 8000 |
|
Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson |
+44 207 638 9571 |
|
Joe Murray/Joe Heron, Murray Consultants |
+353 1 498 0300 |
