TIDMPTR

RNS Number : 5512Z

Petroneft Resources PLC

18 September 2015

18 September 2015

PetroNeft Resources plc

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

Retirement of Director

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 announces that Vakha Sobraliev, Non-Executive Director, has decided to retire from his position, effective from the conclusion of the AGM, held earlier today in order to concentrate on his other business interests.

Mr. Sobraliev has been a director since November 2005 and introduced Licence 61 to the Company at its formation in 2005. He was also key to the establishment of the Company's operations and experienced team in Tomsk.

David Golder, Chairman of PetroNeft Resources plc, commented:

"On behalf of the Company and its shareholders I would like to place on record our appreciation for Vakha's service and advice over the years and in particular to his contribution to the original setup of operations in Tomsk. I wish him every success in the future."

For further information, contact:

 
 Dennis Francis, CEO, PetroNeft Resources    +353 1 443 
  plc                                              3720 
 Paul Dowling, CFO, PetroNeft Resources      +353 1 443 
  plc                                              3720 
 John Frain/Brian Garrahy, Davy (NOMAD       +353 1 679 
  and Joint Broker)                                6363 
 Henry Fitzgerald-O'Connor, Canaccord           +44 207 
  Genuity Limited (Joint Broker)               523 8000 
 Martin Jackson/Shabnam Bashir, Citigate        +44 207 
  Dewe Rogerson                                638 9571 
 Joe Heron / Douglas Keatinge, Murray        +353 1 498 
  Consultants                                      0300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 18, 2015 08:49 ET (12:49 GMT)

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