TIDMPTR

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    +1 713 988 
  plc                                              2500 
 Paul Dowling, CFO, PetroNeft Resources      +353 1 647 
  plc                                              0280 
 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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April 18, 2016 09:00 ET (13:00 GMT)

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