On 31 March 2016, Natlata Partners Limited announced that it has published a letter to the shareholders of Petroneft Resources Plc. outlining the reasons to vote for its proposals at the extraordinary general meeting due to be held on 18 April 2016. In addition, Natlata Partners stated that it has proposed that Dennis Francis, David Sanders, Paul Dowling and David Golder are removed as directors of the company and that the following are elected in their place: Anthony Sacca, David Sturt, and Maxim Korobov.