Licence 67

Following successful completion of the C4 extended well test at the Cheremshanskoye field on Licence 67 earlier this year, a non-binding Heads of Terms Agreement has been executed between the owner and operator of Licence 67, LLC Lineynoye (50% owned by Petroneft Resources) and AOR for a financing arrangement (“Facility”) …

PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 (the remaining 50% held by Arawak Energy), is pleased to give the following update in relation to reserves at its Licence 67. Highlights New …