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PetroNeft losses narrow; to drill key well in coming weeks

By BFN News | 08:00 AM | Wednesday 27 June, 2018

Russia-focused explorer PetroNeft posted a narrower annual loss after lower expenses partially offset a fall in revenue. Pre-tax losses amounted to $2.3m, compared to $4.6m of loss a year earlier. Drilling at Cheremshanskoye No. 4 well, which the company said could significantly influence its future, was due to commence in the coming weeks. At 8:00am: (LON:PTR) Petroneft Resources PLC share price was 0p at 1.28p Story provided by

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