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Investegate |Petroneft Resources Announcements | Petroneft Resources: Completion of Acquisition

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 ....

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Investegate |Petroneft Resources Announcements | Petroneft Resources: Retirement of Chairman & Appt. of NonExec Chairman

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67,
announces that David Golder has, after 15 years service to the company, decided to retire from the Board with immediate effect.
The Board has unanimously elected Alastair McBain, who joined the board on 29
th January 2021, as Non-Executive Chairman of the Company.
Alastair has had a highly successful 37 year career in the international oil and gas industry. Initially working for 17 years at Royal Dutch Shell in numerous senior international commercial positions. He joined the Vitol group in 1995 to head up the growth of the group s portfolio of upstream assets and became CEO of Arawak Energy in 2002. Alastair grew the company from an initial $20M valuation with zero production to a $0.5Bn company producing 12,000 boepd from assets in Kazakhstan, Russia and A ....

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Investegate |Petroneft Resources Announcements | Petroneft Resources: $2.9m Convertible Loan Facility

Investegate |Petroneft Resources Announcements | Petroneft Resources: $2.9m Convertible Loan Facility
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.

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Investegate |Petroneft Resources Announcements | Petroneft Resources: Notice of EGM

Investegate announcements from Petroneft Resources, Notice of EGM ....

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Petroneft Resources plc (via Public) / Notice of EGM

Notice of EGM - Crest Migration
PetroNeft Resources plc ( PetroNeft or the Company )
29 January 2021
Notice of Extraordinary General Meeting
PetroNeft Resources plc (AIM:PTR.L, ISE:PTR), an international oil and gas exploration and production company focused on Russia provides notice of an Extraordinary General Meeting ( EGM ).
An EGM will be held at the Company s offices at 20 Holles Street, Dublin 2, Ireland at 11.00 am Irish time on Friday, 19 February 2021.
Until now transactions in the shares of the Company have been settled through the CREST system. However, as the United Kingdom has withdrawn from the European Union, it will no longer be possible to use the CREST system. Consequently, PetroNeft like all other Irish incorporated and traded PLCs, will have to migrate settlement to another system based within the EU called Euroclear. This is a necessity as there is no meaningful alternative for settlement. ....

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