Statement on Media Speculation

July 12, 2018

PetroNeft Resources plc

(“PetroNeft” or the “Group” or the “Company”)

Statement on Media Speculation

PetroNeft (AIM: PTR), notes the speculation in media regarding the potential disposal of Licence 61.  The Company is examining a number of options in relation to maximising shareholder value.   This process is at a very early stage and there is no certainty that any transaction will be completed.  Further announcements will be made in the event of a material development.


 For further information, please 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

Joe Heron / Douglas Keatinge, Murray

+353 1 498 0300


PetroNeft is an oil and gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, provides an update on oil production at Licence 61 for the first quarter of 2018.