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 …
PetroNeft Resources Update Jan 2011
PetroNeft Resources plc (AIM: PTR) 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: Year-end production reaches 2,750 bopd from 9 of 11 wells Fracture stimulation programme to start mid-January 2011 will significantly increase …