News


July 12, 2018

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.

June 27, 2018

Final Results 2017

2017 Final Results

PetroNeft (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended 31 December 2017.

April 26, 2018

Quarterly Production Update

Oil production at Licence 61 for the first quarter of 2018. 

Licence 61 Gross Production

Q1-2018

Q4-2017

Q3-2017

Q2-2017

Q1-2017

FY 2017

FY 2016

Total gross production

203,114

198,708

192,956

200,208

224,604

816,476

990,887

Gross bopd

2,257

2,160

2,097

2,200

2,496

2,237

2,707

PetroNeft 50% share bopd

1,128

1,080

1,049

1,100

1,248

1,118

1,354

 

March 22, 2018

Update on 2018 Work Programme

• Drilling of the Cheremshanskoye No. 4 (C-4) Appraisal Well in Licence 67.
• Continued testing at Sibkrayevskoye in Licence 61.
• Studies for West Lineynoye L-8 Lobe Development in Licence 61.

January 25, 2018

Quarterly Production Update

Production at Licence 61 in the fourth quarter of 2017. 

Licence 61 Gross Production

Q4-2017

Q3-2017

Q2-2017

Q1-2017

FY 2017

FY 2016

FY 2015

Total gross production

198,708

192,956

200,208

224,604

816,476

990,887

737,655

Gross bopd

2,160

2,097

2,200

2,496

2,237

2,707

2,021

PetroNeft 50% share bopd

1,080

1,049

1,100

1,248

1,118

1,354

1,010

 

January 17, 2018

Financing Update

Highlights
• US$2 million loan agreed with Petrogrand AB
• Operations – Winter production from Sibkrayevskoye is getting underway

November 10, 2017

Q3 & October 2017 Production Data

PetroNeft provides an update on oil production at Licence 61 in the third quarter of 2017 and for October 2017.

 

Licence 61 Gross Production

Oct-17

Q3-2017

Q2-2017

Q1-2017

FY 2016

FY 2015

Total gross production

65,804

192,956

200,208

224,604

990,887

737,655

Gross bopd

2,123

2,097

2,200

2,496

2,707

2,021

PetroNeft 50% share bopd

1,061

1,049

1,100

1,248

1,354

1,010

 

October 24, 2017

Operations Update – Completion of testing of S-375s well

Highlights
  • Testing of the S-375s well has been completed, confirming the productivity of the reservoir in this part of the oil field.
  • An ESP was run in the well and achieved a peak rate of 210 bopd on an 8 mm choke and a sustained rate of 150 bopd on a 4 mm choke.
  • The well has been shut in until winter roads can allow oil to be trucked to the Lineynoye processing facilities. 


September 29, 2017

H1 2017 Interim Results

Highlights

•         Gross production from Licence 61 in H1 2017 was 2,347 bopd (1,174 bopd net to PetroNeft).

•         Testing of S-375s well continuing

o    Inflow rate of 15 m3/day (94 bopd) achieved

o    Testing will continue for several weeks

    • Electric submersible pump to be installed
Click here for Interim Financial Statements

September 5, 2017

Operations Update – Drilling of S-375 well completed

Highlights
· S 375 delineation well and S-375s sidetrack well contain 4.8 m and 14.8 m respectively of net oil pay based on log and core data
· Testing contractor being mobilised to field with results expected by end September
· Reserve calculation and Development Plan being updated

July 28, 2017

Q2 2017 Production Data

PetroNeft provides an update on oil production at Licence 61 in the second quarter of 2017. 

Licence 61 Gross Production

Q2-2017

Q1-2017

Q4-2016

Q3-2016

Q2-2016

FY 2016

FY 2015

Total gross production

200,208

224,604

255,068

305,126

223,877

990,887

737,655

Gross bopd

2,200

2,496

2,772

3,317

2,460

2,707

2,021

PetroNeft 50% share bopd

1,100

1,248

1,386

1,658

1,230

1,354

1,010

 

July 20, 2017

Operations Update – Drilling of S-375 well commenced

PetroNeft (AIM: PTR) is pleased to announce that it has commenced drilling the S-375 delineation well at Sibkrayevskoye. It is expected to take up to eight weeks to drill and test the well. The S-375 well is being drilled on the northern structural lobe of the field approximately 2km south of existing wells that contained about 10m of net pay.

June 30, 2017

Final Results 2016

Highlights
• Significant success in horizontal drilling at South Arbuzovskoye although result of the 10km step-out S-374 well on Sibkrayevskoye was disappointing 
• Gross production from Licence 61 increased 35% compared to 2015:
o Gross production 990,931 barrels of oil
o Average gross production of 2,707 bopd (2015: 2,021 bopd)
o Net to PetroNeft 1,353 bopd (2015: 1,010 bopd)
• 65.0 mmbbls total proved and probable (2P) reserves net to PetroNeft

April 28, 2017

Q1 2017 Production Data

Oil production at Licence 61 in the first quarter of 2017.

Licence 61 Gross Production

Q1-2017

Q4-2016

Q3-2016

Q2-2016

Q1-2016

FY 2016

FY 2015

Total gross production

224,604

255,068

305,126

223,877

206,816

990,887

737,655

Gross bopd

2,496

2,772

3,317

2,460

2,273

2,707

2,021

PetroNeft 50% share bopd

1,248

1,386

1,658

1,230

1,136

1,354

1,010


March 31, 2017

2017 Work Programme and Financing agreed with Oil India

In order to further de-risk the field before committing to significant full field development expenditure it has been decided to drill an additional delineation well, S-375, before commencing the full development of the field. The S-375 well will be drilled on the northern structural lobe of the field approximately 2km south of existing wells that contained approximately 10m of net pay. This well will be spudded in Q2-2017 and completed this summer. 

January 31, 2017

2016 Production Data

Oil production at Licence 61 in 2016.

Licence 61 Gross Production

Q4-2016

Q3-2016

Q2-2016

Q1-2016

FY 2016

FY 2015

Total gross production

255,068

305,126

223,877

206,816

990,887

737,655

Gross bopd

2,772

3,317

2,460

2,273

2,707

2,021

PetroNeft 50% share bopd

1,386

1,658

1,230

1,136

1,354

1,010


October 12, 2016

Quarterly Production Data

Quarterly Production Update

Oil production at Licence 61 in the third quarter of 2016.

Licence 61 Gross Production

Q3-2016

Q2-2016

Q1-2016

Q1-Q3 2016

Q1-Q3 2015

Total gross production

305,126

223,877

206,816

735,819

519,785

Gross bopd

3,317

2,460

2,273

2,685

1,904

PetroNeft 50% share bopd

1,658

1,230

1,136

1,343

952

September 28, 2016

Interim Results H1 2016

2016 Interim Results

PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to report its results for the 6 months ended 30 June 2016.

Highlights

• Current gross production from Licence 61 is about 3,200 bopd.

• Represents a 39% increase in production in 2016.

• New wells drilled at South Arbuzovskoye during period drove production growth.

Click here for Financials 

August 31, 2016

Drilling and Operations Update

Sibkrayevskoye Well S-374 - Vertical Delineation Well

· Two tight sandstone reservoirs encountered in the J1-2 interval

· Well tested water with no hydrocarbons present

Well will be plugged and abandoned

July 21, 2016

Operations Update

Highlights

Fourth successful well drilled at South Arbuzovskoye

Further increases to record production levels

Production

· Current gross production from Licence 61 increased to about 3,700 bopd (1,850 bopd net to PetroNeft)

· Increase due to new A-216 well at Arbuzovskoye

This is a new record high production for the Licence area, improving further the levels reported at the beginning of the month