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Petroneft Resources (PTR)

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Thursday 26 April, 2018

Petroneft Resources

PetroNeft Quarterly Production Update

RNS Number : 1530M
Petroneft Resources PLC
26 April 2018
 

26 April 2018

 

PetroNeft Resources plc

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

 

Quarterly Production Update

 

PetroNeft (AIM: PTR), 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, provides an update on oil production at Licence 61 for the first quarter of 2018.

 

Licence 61 Gross Production

Q1-2018

Q4-2017

Q3-2017

Q2-2017

Q1-2017

FY 2017

FY 2016

FY 2015

Total gross production

203,114

198,708

192,956

200,208

224,604

816,476

990,887

737,655

Gross bopd

2,257

2,160

2,097

2,200

2,496

2,237

2,707

2,021

PetroNeft 50% share bopd

1,128

1,080

1,049

1,100

1,248

1,118

1,354

1,010

 

First quarter production includes oil being trucked from the Sibkrayevskoye oil field on winter roads, which commenced in December 2017. These trucking operations from Sibkrayevskoye will continue until roughly the end of April.

 

The production for the second quarter of 2018 will be announced in July 2018.

 

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

 

The information contained in this announcement has been reviewed and verified by Mr. Dennis Francis, Director and Chief Executive Officer of PetroNeft, for the purposes of the Guidance Note for Mining and Oil & Gas Companies issued by the London Stock Exchange in June 2009. Mr. Francis holds a B.S. Degree in Geophysical Engineering and a M.S. Degree in Geology from the Colorado School of Mines. He has also graduated from the Harvard University Program for Management Development. He is a member of the American Association of Petroleum Geologists and the Society of Exploration Geophysicists. He has over 40 years' experience in oil and gas exploration and development.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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