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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petroneft Resources Plc | LSE:PTR | London | Ordinary Share | IE00B0Q82B24 | ORD EUR0.01 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.085 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPTR
RNS Number : 3581M
Petroneft Resources PLC
28 July 2017
28 July 2017
PetroNeft Resources plc
("PetroNeft" or the "Group" or the "Company")
Quarterly Production Update
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, provides an update on oil production at Licence 61 in the second quarter of 2017.
Licence 61 FY FY Gross Production Q2-2017 Q1-2017 Q4-2016 Q3-2016 Q2-2016 2016 2015 ------------------- -------- -------- -------- -------- -------- -------- -------- Total gross production 200,208 224,604 255,068 305,126 223,877 990,887 737,655 ------------------- -------- -------- -------- -------- -------- -------- -------- Gross bopd 2,200 2,496 2,772 3,317 2,460 2,707 2,021 ------------------- -------- -------- -------- -------- -------- -------- -------- PetroNeft 50% share bopd 1,100 1,248 1,386 1,658 1,230 1,354 1,010 ------------------- -------- -------- -------- -------- -------- -------- --------
Production from the S-373 well was suspended in early April 2017 until the next winter season when the roads are in place.
The production for the third quarter of 2017 will be announced in October 2017.
For further information, contact:
Dennis Francis, CEO, PetroNeft Resources +1 713 988 plc 2500 Paul Dowling, CFO, PetroNeft Resources +353 1 647 plc 0280 John Frain/Brian Garrahy, Davy (NOMAD +353 1 679 and Joint Broker) 6363 Henry Fitzgerald-O'Connor, Canaccord +44 207 Genuity Limited (Joint Broker) 523 8000 +44 207 Shabnam Bashir, Citigate Dewe Rogerson 638 9571 +353 1 498 Joe Heron / Douglas Keatinge, Murray 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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(END) Dow Jones Newswires
July 28, 2017 02:00 ET (06:00 GMT)
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