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Petroneft Resources (PTR)

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Thursday 12 July, 2018

Petroneft Resources

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.




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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