Petroneft Resources PLC Quarterly Production Update (2640X)
August 09 2018 - 1:00AM
UK Regulatory
TIDMPTR
RNS Number : 2640X
Petroneft Resources PLC
09 August 2018
9 August 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 second quarter of 2018.
Licence 61 Gross
Production Q2-2018 Q1-2018 Q4-2017 Q3-2017 Q2-2017 FY 2017 FY 2016 FY 2015
Total gross production
bbls 183,368 203,114 198,708 192,956 200,208 816,476 990,887 737,655
-------- -------- -------- -------- -------- -------- -------- --------
Gross bopd 2,015 2,257 2,160 2,097 2,200 2,237 2,707 2,021
-------- -------- -------- -------- -------- -------- -------- --------
PetroNeft 50%
share bopd 1,008 1,128 1,080 1,049 1,100 1,118 1,354 1,010
-------- -------- -------- -------- -------- -------- -------- --------
Second quarter production includes oil being trucked from the
Sibkrayevskoye oil field on winter roads, which ceased in late
April.
ENDS
For further information, please contact:
+1 713 988
Dennis Francis, CEO, PetroNeft Resources plc 2500
+353 1 647
Paul Dowling, CFO, PetroNeft Resources plc 0280
John Frain/Brian Garrahy, Davy (NOMAD and Joint +353 1 679
Broker) 6363
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited +44 207 523
(Joint Broker) 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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