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Petroneft Res PLC Ord EUR0.01 (PTR)

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29-Jun-2012 09:04 AM

Petroneft disappointed with productivity levels

Overall, 2011 was a busy year with mixed results for Petroneft Resources. PetroNeft's first full year of production and its largest ever work programme resulted in great exploration success but disappointing productivity. However, as Dennis Fran
06-Dec-2011 08:40 AM

Positive update from Petroneft Resources

PetroNeft Resources has announced an update on its operations. Dennis Francis, Chief Executive Officer commennted: "We are pleased that the 10-well heli-frac operation at Pad 2 on the Lineynoye oil field has been completed and that all wells brought
19-Oct-2011 07:49 AM

PetroNeft oil and gas discovery at Cheremshanskaya

PetroNeft Resources plc, the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has announced the discovery of a new oil field in Licence 67 at Cheremshanskaya. Cheremshankaya No. 3 well discovers two hydrocarbon pools with oil d
20-Sep-2011 08:28 AM

PetroNeft upbeat over increased production prospects

PetroNeft Resources has reported its results for the 6 months ended 30 June 2011 showing a maiden pre-tax profit of US$3.8 million The first half of the year saw production of 399,327 barrels of oil for the period with the major exploration success at S
04-Aug-2011 03:23 PM

PetroNeft discovers new field at Sibkrayevskaya

PetroNeft Resources has discovered a new oil field at Sibkrayevskaya - its largest single find to date. It said the Sibkrayevskaya No. 372 well had found a significant disovery in the main Upper Jurassic target. Preliminary evaluation of the logs indic
06-Jul-2011 07:04 AM

Petroneft exploration update

PetroNeft Resources) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has provided an update on its operations. Highlights include: Kondrashevskoye No. 2 sidetrack well confirms 2P reserves;Lineynoye 206 contains thickest oil
22-Jun-2011 07:24 AM

PetroNeft revises production targets

PetroNeft Resources, which operates licences in Russia, has revised its oil production targets due to drilling results which will limit production growth in the near future. The production target for the first quarter of 2012 has been revised to between
07-Jun-2011 07:52 AM

Petroneft reports successful testing

PetroNeft Resources owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has confirmed that Kondrashevskoye No. 2 well successfully tests oil. The company also reports that four additional wells have been completed in the Lineynoye
04-Apr-2011 09:56 AM

Petroneft treads carefully with production target

Russian-focused oil and gas explorer Petroneft Resources plc said it was taking a more conservative approach to its production profile following results from Licence 61 at Tomsk Oblast. Petroneft said a hydraulic fracturing programme had been completed
05-Jan-2011 08:30 AM

Petroneft flags year-end production shortfall

Russian-focused oil company Petroneft Resources plc expects to miss its year-end production target following technical issues on Tomsk Oblast Licence 61. The company said year-end production had reached 2,750 bopd from nine out of 11 wells drilled. Wh
09-Nov-2010 11:51 AM

Petroneft Resources starts new campaign with oil discovery

Russian-focused oil and gas company Petroneft Resources reported the discovery of a new oil field at Arbuzovskaya in Tomsk Oblast Licence 61. The Arbuzovskaya No. 1 well discovered oil in its main Upper Jurassic target. About 5m of the J1 interval was
19-Oct-2010 12:02 PM

PetroNeft $43m placing oversubscribed

Russian oil and gas company PetroNeft Resources has conditionally raised $43m gross in an oversubscribed placing at 43p per share. It will use the funds to finance an accelerated exploration programme and for business development and general overheads.
20-Sep-2010 12:09 PM

PetroNeft greets licence data results

PetroNeft Resources says re-evaluation of vintage seismic and well data confirms its expectations of significant new oil fields in the Tomsk Oblast region of Russia. The group provided an operational update on its Licences 67 and 61 ahead of a site visit
09-Sep-2010 08:59 AM

PetroNeft begin oil production

Dennis Francis, chief executive of PetroNeft Resources, revealed today that oil production had begun and it expected to generate significant cash flows in the coming years. PetroNeft said that eight of their nine development wells had been drilled and th
09-Sep-2010 07:17 AM

New director at PetroNeft

Gerry Fagan has become an independent non-executive director of PetroNeft Resources. Aged 61, he spent a lot of his career at Smurfit Kappa Group. Story provided by
24-Aug-2010 01:14 PM

Broker moves round-up

Capital Shopping Centres raised to underperform from sell at Seymour Pierce, TP cut to 305p. Petrofac cut to hold from buy at RBS, target price raised to 1400p from 1230p. Downgraded to neutral from buy at UBS, target price raised to 1475p from 1375p. Cu
24-Aug-2010 09:53 AM

PetroNeft starts year-round production on Lineynoye field

Russian-focused oil and gas company PetroNeft Resources has started year-round production on Licence 61 in Tomsk Oblast. Production of 4,000 bopd is expected by the end of 2010, with 11 wells scheduled to be in production. The company says drilling of
29-Jul-2010 10:52 AM

PetroNeft on track for year-round production

Russian-focused oil and gas explorer PetroNeft Resources says drilling of production wells on its Licence 61 at Tomsk Oblast is continuing ahead of schedule. Results continue to be within or ahead of expectations. CEO Dennis Francis said, 'We are
24-Jun-2010 04:41 PM

Director Deals - Petroneft Resources PLC (PTR)

Tom Hickey, Non Executive Director, exercised 110,000 shares in the company on the 24th June 2010 at a price of 29.50p. The Director now holds 1,697,614 shares. NOTE: Euro cents Story provided by
23-Jun-2010 09:04 AM

Petroneft on target for first oil

Russian-focused oil and gas company Petroneft Resources has completed pipeline testing and says construction of production facilities remains on schedule for first oil production in Q3. PetroNeft, which owns and operates Licences 61 and 67, Tomsk Obla
08-Jun-2010 09:40 AM

PetroNeft on schedule for first oil production

Russian-focused oil and gas explorer PetroNeft Resources says its first three production wells have been successfully drilled at the Lineynoye oil field. Export pipeline construction is complete and testing imminent, while construction of production fac
28-May-2010 09:50 AM

PetroNeft gains new $30m credit line from Macquarie Bank

Russian-focused oil and gas company PetroNeft Resources has signed a new three-year debt facility with Macquarie Bank for up to $30m, of which $12m is available immediately. It replaces the $5m initial facility signed in March. CEO Dennis Francis said
20-May-2010 08:59 AM

PetroNeft on schedule

PetroNeft Resources plc, the AIM quoted owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has produced results for the year ended 31 December 2009. The Company reported that the prodcution pipeline is nearing completion and that
15-Apr-2010 11:25 AM

PetroNeft well meets expectations

Russian explorer, PetroNeft Resources reports that the first production well has met expectations. The Company plans to drill 9 production wells at the Lineynoye oil field scheduled during 2010 and it says that the pipeline from the Lineynoye field to t
01-Feb-2010 12:15 PM

Arawak takes up option on Petroneft licence

Oil and gas company PetroNeft Resources says Arawak Energy has exercised its option to acquire a 50% interest in the Ledovy Licence in Tomsk Oblast, Russia. PetroNeft will remain as operator and all costs and future income will be shared 50-50. CEO Den
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