PetroNeft: Conversion of Debt
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, is pleased to provide a financing update. Highlights $156,000 of debt converted to equity under the 2019 convertible …
PetroNeft: Conversion of Debt
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licence 61 and 90% owner of Licence 67, is pleased to provide a financing update. Highlights Total of $2.69M of debt converted to equity under three historic convertible …
PetroNeft: Production Commences at Licence 67
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61 is pleased to announce the following operational news. Highlights Production commenced from the Cheremshanskoye field on Licence 67. …
PetroNeft: Completion of Acquisition
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, is pleased to announce that the acquisition of an additional 40% interest In Licence 67 from Belgrave Naftogas (formerly Arawak Russia B.V.) has now completed and therefore PetroNeft’s interest in this licence has risen …
PetroNeft: Completion of Fracking Program and Initial Results
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 is pleased to announce operational successes. Highlights Hydraulic fracture stimulation program of wells on both the Sibkrayevskoye and the Lineynoye fields successfully completed. Initial …
PetroNeft: Financing Update
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide the following financing update: Loan Facility In June 2019 PetroNeft agreed a convertible loan facility of US$1.3 million with a …
PetroNeft: Financing Update
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide the following financing update: Petrogrand Loan facility In January 2018 PetroNeft agreed a loan facility for up to US$2 million …
PetroNeft Resources: Signs Offtake and Road Contract for C4 Well
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, is pleased to provide the following financing and operational update: Highlights Strategic step forward on Licence 67 towards year-round production and development of Cheremshanskoye …
PetroNeft: Interim Results for the Half Year Ended 30 June 2020
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, is please to report its final results for the six months ended ended 30 June 2020. Highlights Gross production from Licence 61 in H1 2020 1,566 bopd (783 bopd net to PetroNeft) Completed construction …
PetroNeft: Successful Testing of Mini Oil Refinery
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licence 61 and 67 is pleased to announce the successful testing of the mini oil refinery on Licence 61 ahead of schedule. Highlights Successful testing of mini refinery …