Petroneft Resources Plc

AGM Information • Apr 18, 2016

National Storage Mechanism | Additional information

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RNS Number : 5334V

Petroneft Resources PLC

18 April 2016

18 April 2016

PetroNeft Resources plc

("PetroNeft" or the "Group" or the "Company")

Adjournment of today's Extraordinary General Meeting ("EGM")

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 announce that it is in advanced discussions with Natlata Partners Limited ("Natlata") in relation to a comprehensive agreement on Board and management composition. To allow time to finalise and implement the necessary agreements, both parties agreed to adjourn todays EGM, which had been requisitioned by Natlata, until 11.00 a.m. on Monday 25 April 2016. The re-convened EGM will be held at the same venue, the Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland.

It is planned that details of the agreements will be finalised and announced in advance of the reconvened EGM. Further announcements will be made in due course.

For further information, contact:

Dennis Francis, CEO, PetroNeft Resources plc	+1 713 988 2500
Paul Dowling, CFO, PetroNeft Resources plc	+353 1 647 0280
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)	+353 1 679 6363
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)	+44 207 523 8000
Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson	+44 207 638 9571
Joe Heron / Douglas Keatinge, Murray Consultants	+353 1 498 0300

This information is provided by RNS

The company news service from the London Stock Exchange

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