Management Change

RNS Number : 0661O

Petroneft Resources PLC

25 January 2019

 

PetroNeft Resources plc

25 January 2019

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

Management change

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, announces that Paul Dowling, CFO and Company Secretary, will depart the Company at the end of January 2019 to pursue other opportunities. Paul will be available to the Company for a transition period while a suitable candidate is identified by the Company.

G. David Golder, Chairman of the Board, commented:

"I would like to thank Paul for his service to PetroNeft over the years. Paul joined us in 2007 and has been a valuable asset to the Company throughout the successes and challenges along the way. I wish him the very best in his future endeavours."

Paul Dowling commented: 

"I would like to thank my colleagues, Board and shareholders for their support and encouragement throughout my time and sincerely wish the Company well in the future." 

  For further information, contact:

Karl Johnson, Interim CEO, PetroNeft Resources plc	[phone]
David Sturt, Incoming CEO, PetroNeft Resources plc	[phone]
Paul Dowling, CFO, PetroNeft Resources plc	[phone]
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)	[phone]
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)	[phone]
Joe Heron / Douglas Keatinge, Murray Consultants	[phone]

 

END

 

 

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