Statement on Media Speculation

RNS Number : 5017U
Petroneft Resources PLC
12 July 2018
 

 

12 July 2018

 

PetroNeft Resources plc

("PetroNeft" or the "Group" or the "Company")

 

Statement on Media Speculation

 

PetroNeft (AIM: PTR), notes the speculation in media regarding the potential disposal of Licence 61.  The Company is examining a number of options in relation to maximising shareholder value.   This process is at a very early stage and there is no certainty that any transaction will be completed.  Further announcements will be made in the event of a material development.

 

ENDS

 

For further information, please contact:

Dennis Francis, CEO, PetroNeft Resources plc   

+1 713 988 2500

Paul Dowling, CFO, PetroNeft Resources plc     

+353 1 647 0280

John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)                         

+353 1 679 6363

Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)  

+44 207 523 8000

Joe Heron / Douglas Keatinge, Murray

+353 1 498 0300

 

PetroNeft is an oil and gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67.


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END
 
 
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