PetroNeft Resources plc

Equities

P8ET

IE00B0Q82B24

Oil & Gas Exploration and Production

Market Closed - Irish S.E. Other stock markets 11:55:00 2024-01-04 am EST			5-day change	1st Jan Change
0.0005 ^EUR	-.--%		-.--%	-.--%

Jan. 03	PetroNeft shares to be cancelled from AIM amid Russia exit	AN
Jan. 03	PetroNeft Resources plc Announces Board Changes, Effective on January 4, 2024	CI

PetroNeft Resources : Finance Update

January 14, 2021 at 02:04 am 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 31^st 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.

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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

Latest news about PetroNeft Resources plc

PetroNeft shares to be cancelled from AIM amid Russia exit	Jan. 03	AN
PetroNeft Resources plc Announces Board Changes, Effective on January 4, 2024	Jan. 03	CI
PetroNeft Resources to Delist from London Bourse in 2024 Amid Delay in Russian Assets' Sale	Dec. 21	MT
PetroNeft to Partly Settle $5.6 Million Debt Via Loan Agreements	23-09-05	MT
C4X Discovery inks Indivior deal, Digitalbox expands	23-08-01	AN
PetroNeft Resources Enters Deal for Possible Divestment of Russian Assets	23-08-01	MT
On The Beach rejigs board, names new CEO and CFO	23-06-30	AN
PetroNeft Resources to Sell Stake in Lineynoye; Shares Down 15%	23-06-14	MT
PetroNeft agrees to sell all its interests in subsidiary Lineynoye	23-06-14	AN
Pavel Tetyakov entered into a non-binding conditional Heads of Terms to acquire Lineynoye LLC from PetroNeft Resources plc and Belgrave Naftogas BV for RUB 210 million.	23-06-13	CI
PetroNeft not found auditor, unlikely to meet annual results deadline	23-05-11	AN
Stocks red, sterling slumps after BoE decision	23-05-11	AN
AIM WINNERS & LOSERS: Ilika rises on battery shipments; SDI slides	23-05-11	AN
PetroNeft shares plummet after Stimul-T files for bankruptcy in Russia	23-05-10	AN
Oil India International BV acquired 50% stake in WorldAce investment limited from PetroNeft Resources plc.	23-05-09	CI
FTSE 100 Index Closed Down 1% on Increased Global Banking Fears	23-03-17	DJ
UK Budget's Pension Changes Are More Material Than Might First Appear	23-03-17	DJ
Petroneft in discussions of Russian assets sale; court rules on claim	23-03-17	AN
PetroNeft Resources Receives EoI for Russian Assets	23-02-13	CI
PetroNeft sizes up potential bid for firm's Russian assets	23-02-10	AN
Petroneft's London Stock Surges as CEO Mulls Acquisition of Russian Assets	23-02-10	MT
TRADING UPDATES: PetroNeft extends maturity; NetScientific loses chair	23-02-01	AN
UK shareholder meetings calendar - next 7 days	22-12-28	AN
UK shareholder meetings calendar - next 7 days	22-12-23	AN
UK shareholder meetings calendar - next 7 days	22-12-22	AN

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Company Profile

PetroNeft Resources PLC is an international oil and gas exploration and production company, focused on Russia. The Company develops oil assets in the Tomsk Oblast in Western Siberia. The Company has two main assets, a 90% operating interest in a 2,477 square kilometers (km2) oil and gas license (License 67) and a 50% operated interest in a 4,991 km2 oil and gas license (License 61), both these licenses are located within the Tomsk Oblast. These licenses are located in the prolific Western Siberian Oil and Gas Basin. License 61 includes seven known oil fields: Lineynoye, Tungolskoye, Arbuzovskoye, Sibkrayevskoye, West Lineynoye, Kondrashevskoye and North Varyakhskoye and over 25 Prospects and Leads that are being explored. License 67 includes the Cheremshanskoye and Ledovoye oil fields and numerous prospects and leads. Tungolsky License 61 is located on the east side of the Ob River in the least explored oil-bearing region of the Tomsk Oblast.

Sector

Oil & Gas Exploration and Production

Calendar

2024-09-26 - Q2 2024 Earnings Release (Projected)

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