Petroneft Resources Plc

Regulatory Filings • Jul 12, 2018

National Storage Mechanism | Additional information

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RNS Number : 5017U

Petroneft Resources PLC

12 July 2018

12 July 2018

PetroNeft Resources plc

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

Statement on Media Speculation

PetroNeft (AIM: PTR), notes the speculation in media regarding the potential disposal of Licence 61.  The Company is examining a number of options in relation to maximising shareholder value.   This process is at a very early stage and there is no certainty that any transaction will be completed.  Further announcements will be made in the event of a material development.

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

PetroNeft is 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.

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