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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  PetroNeft Resources Plc    P8ET   IE00B0Q82B24

PETRONEFT RESOURCES PLC

(P8ET)
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PetroNeft Resources : Finance Update

01/14/2021 | 02:04am EST

PetroNeft Resources plc

('PetroNeft' or the 'Group' or the 'Company')

Financing 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, is pleased to provide a financing update.

Loan facility

In June 2019 PetroNeft agreed a convertible loan facility of US$1.3 million with a group of five lenders. The convertible loan matured on 31st December 2020 however discussions have been ongoing to secure a one year extension to the maturity date. Whilst those discussions are ongoing we are confident that we will be able to announce a successful outcome shortly.

For further information, contact:

David Sturt, PetroNeft Resources plc

+971 55 1919 808

John Frain/Caroline Pearson, Davy (NOMAD, ESM Adviser and Broker)

+353 1 679 6363

Joe Heron / Douglas Keatinge, Murray

+353 1 498 0300

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation and is disclosed in accordance with the Issuer's obligations under Article 17 of the Market Abuse Regulations.

Disclaimer

Petroneft Resources plc published this content on 14 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2021 07:03:00 UTC


© Publicnow 2021
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Financials
Sales 2019 1,44 M - -
Net income 2019 -6,04 M - -
Net Debt 2019 3,90 M - -
P/E ratio 2019 -0,65x
Yield 2019 -
Capitalization 10,2 M 10,2 M -
EV / Sales 2018 7,58x
EV / Sales 2019 5,78x
Nbr of Employees 36
Free-Float 13,4%
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Managers and Directors
NameTitle
David Sturt Chief Executive Officer & Executive Director
G. David Golder Non-Executive Chairman
Karl D. Johnson Vice President-Operations & Business Development
Anthony Sacca Independent Non-Executive Director
Pavel Tetyakov Executive Director & VP-Business Development
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