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.


· 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