Result of AGM

Petroneft Resources PLC
29 June 2007

                             PetroNeft Resources plc

                                 Results of AGM


The board of PetroNeft Resources plc ('Company') is pleased to announce that all
resolutions proposed to shareholders at the Company's annual general meeting
held in Dublin earlier today were duly passed.


For further information, contact:


Paddy Blewer/NickElwes,
College Hill
[phone]


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