Director Shareholding

Petroneft Resources PLC
03 April 2007



                            PetroNeft Resources plc
                         ('PetroNeft' or 'the Company')


PetroNeft was notified today that Mr. David Golder, the non-executive chairman
of the Company, purchased 221,000 ordinary shares of €0.01 each ('Ordinary
Shares') at a price of 44.25 pence per Ordinary Share. Following this
transaction, Mr Golder's aggregate holding in the Company has increased to
3,165,458 Ordinary Shares representing approximately 1.79% of the issued share
capital of the Company.


                                      End


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