Petroneft Resources Plc

Regulatory Filings • Apr 26, 2018

National Storage Mechanism | Additional information

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RNS Number : 1530M

Petroneft Resources PLC

26 April 2018

26 April 2018

PetroNeft Resources plc

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

Quarterly Production Update

PetroNeft (AIM: PTR), an oil and 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 for the first quarter of 2018.

Licence 61 Gross Production	Q1-2018	Q4-2017	Q3-2017	Q2-2017	Q1-2017	FY 2017	FY 2016	FY 2015
Total gross production	203,114	198,708	192,956	200,208	224,604	816,476	990,887	737,655
Gross bopd	2,257	2,160	2,097	2,200	2,496	2,237	2,707	2,021
PetroNeft 50% share bopd	1,128	1,080	1,049	1,100	1,248	1,118	1,354	1,010

First quarter production includes oil being trucked from the Sibkrayevskoye oil field on winter roads, which commenced in December 2017. These trucking operations from Sibkrayevskoye will continue until roughly the end of April.

The production for the second quarter of 2018 will be announced in July 2018.

ENDS

For further information, please 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
Joe Heron / Douglas Keatinge, Murray	+353 1 498 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

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