Russia: PetroNeft Resources signs Heads of Terms for potential disposal of Licence 67

PetroNeft has entered into a non-binding conditional Heads of Terms to sell its entire interest in Lineynoye LLC, the subsidiary through which the Company holds its interest in Licence 67, to Pavel Tetyakov (CEO of PetroNeft) for a consideration of Rub 210million (US$2.56m at current exchange rates) plus the assumption of debt.

Related Keywords

Ukraine ,Russia ,Lineynoye ,Krym ,Avtonomna Respublika ,India ,Russian ,Ukrainian ,Pavel Tetyakov ,Belgrave Naftogas ,Sarawak Energy ,Company Russian Assets ,Oil India International ,Proposed Disposal ,Euronext Growth ,Strategic Asset ,Executive Director ,Loan Agreement ,Independent Directors ,Euronext Growth Adviser ,E Ampp News ,Il And Gas Exploration ,Xploration And Production ,Pstream ,Ffshore ,Drilling ,Twig ,Soil ,Jobs ,Nergy365 ,Nergy Pedia ,Garmin ,Armout ,Eismic ,Icensing ,Eological And Geophysical ,Energy ,Lternative Energy ,Eavy Oil ,Il And Gas Condensate ,Ydrocarbon ,Icence Round ,Oc ,Il And Gas Ministry ,Oil Companies ,