Petroneft Resources PLC Production Update (1104W)
November 10 2017 - 1:00AM
UK Regulatory
TIDMPTR
RNS Number : 1104W
Petroneft Resources PLC
10 November 2017
10 November 2017
PetroNeft Resources plc
("PetroNeft" or the "Group" or the "Company")
Quarterly Production Update
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, provides an update on oil
production at Licence 61 in the third quarter of 2017 and for
October 2017.
Licence 61 FY FY
Gross Production Oct-17 Q3-2017 Q2-2017 Q1-2017 2016 2015
------------------- ------- -------- -------- -------- -------- --------
Total gross
production 65,804 192,956 200,208 224,604 990,887 737,655
------------------- ------- -------- -------- -------- -------- --------
Gross bopd 2,123 2,097 2,200 2,496 2,707 2,021
------------------- ------- -------- -------- -------- -------- --------
PetroNeft 50%
share bopd 1,061 1,049 1,100 1,248 1,354 1,010
------------------- ------- -------- -------- -------- -------- --------
The production for the full fourth quarter of 2017 will be
announced in January 2018.
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
+353 1 498
Joe Heron / Douglas Keatinge, Murray 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
END
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