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PetroNeft Resources: Secures New Financing and Progresses Well with Farmout

PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce a funding and operations update. Highlights • $6.7 million fundraising consisting of o $5.2 million new equity issue at 5 pence per share o $1.5 million in debt • Production higher at 2,400 …

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PetroNeft: Commences Deferred Drilling Operations with Tomskburneftegas

PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce an operations update. Highlights Drilling operations re-commenced Production currently 2,300 bopd, workovers planned once winter roads available Continued progress on re-financing as discussions widen to include additional parties Drilling programme The Board has …

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PetroNeft Resources plc: Operations Update

PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations at Licence 61. Highlights: •    Arbuzovskoye well 109 successfully completed and put into production •    The well is just beginning to stabilise after experiencing flow line …

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PetroNeft: New Debt Facility and Operations Update

PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations. Highlights: · US$15 million three-year term loan agreed with Arawak Energy (“Arawak”) · New Area of Mutual Interest Agreement agreed with Arawak · Production drilling to …

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Petroneft Notice of AGM and posting of Annual Report

PetroNeft Resources plc, owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, announces that the Company’s Annual Report and Accounts for the year ended 31 December 2010 and Notice of AGM were posted to shareholders on 27 May 2011 and are available online at the Company’s website …

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