Share Name Share Symbol Market Type
Petroneft Resource Eur0.01 NEX:PTR.GB NEX Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.025p 1.65p 2.40p - - - 0 07:52:46

Petroneft Resources PLC Quarterly Production Update

28/07/2017 7:00am

UK Regulatory (RNS & others)


Petroneft Resource Eur0.01 (NEX:PTR.GB)
Historical Stock Chart

6 Months : From Jun 2017 to Dec 2017

Click Here for more Petroneft Resource Eur0.01 Charts.

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

DRLBLGDRGDDBGRR

(END) Dow Jones Newswires

July 28, 2017 02:00 ET (06:00 GMT)

1 Year Petroneft Resource Eur0.01 Chart

1 Year Petroneft Resource Eur0.01 Chart

1 Month Petroneft Resource Eur0.01 Chart

1 Month Petroneft Resource Eur0.01 Chart
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V:gb D:20171215 08:26:21