Investegate |Petroneft Resources Announcements | Petroneft Resources: Operational Update investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, is pleased to announce that the acquisition of an additional 40% interest In Licence 67 from Belgrave Naftogas (formerly Arawak Russia B.V.) has now completed and therefore PetroNeft s interest in this licence has risen from 50% to 90%. PetroNeft also has a 50% operated interest in Licence 61. Licence 67 contains two oil fields, Ledovoye and Cheremshanskoye and several exploration prospects. In 2016 Rhyder Scott calculated 2P reserves for the Ledovoye field of 14 mmbbls and 3P reserves of 17.4 mmbbls. In 2019 and following the successful C-4 well, the Russian State Reserves Committee approved C1+C2 reserves (approximately equivalent to International 2P reserves) for the Cheremshanskoye field of 19.2 mmbbls. This qualifies the field for a small field partial exemption of the state Mineral Extraction Tax.
Petroneft Resources PLC (AIM:PTR) | RNS | Petroneft Resources - Completion of Acquisition proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
PetroNeft has announced that the acquisition of an additional 40% interest in Licence 67 in the Tomsk Oblast from Belgrave Naftogas (formerly Arawak Russia) has now completed and PetroNeft s interest in this licence has risen from 50% to 90%.