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Petroneft Res PLC Ord EUR0.01 (PTR)

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16-Jun-2022 02:39 PM

IN BRIEF: PetroNeft Resources says licence 61 work done on schedule

PetroNeft Resources PLC - Tomsk Oblast-focused oil & gas firm - Says reservoir stimulation programme at Tungolsky Licence 61 has been completed on schedule and within budget. It says the work provides an incremental production uplift of about 200 b
25-Aug-2020 07:29 AM

PetroNeft boosts production in July from Russian fields

Russia-focused oil company PetroNeft said production volumes had improved in July amid a strong performance from its Lineynoye field. The company's production from Licence 61, of which it owned 50%, had risen 7.8% in July on-year to 1,589 barrels pe
21-Jun-2019 07:40 AM

PetroNeft Resources books deeper annual loss

Russia-focused PetroNeft Resources booked a deeper annual loss, partly owing to exploration write-downs. Pre-tax losses from continuing operations for the year through December amounted to $7.3m, compared to losses of $2.3m on-year. They included a shar
26-Sep-2018 02:13 PM

PetroNeft mulls asset sales in Russia after posting loss

Russia-focused oil and gas company PetroNeft Resources said it was mulling the disposal of its production licences after it posted a first half loss. Pre-tax losses for the six months through June amounted to $683k, narrowing from a loss of $1.2m on-year
27-Jun-2018 08:00 AM

PetroNeft losses narrow; to drill key well in coming weeks

Russia-focused explorer PetroNeft posted a narrower annual loss after lower expenses partially offset a fall in revenue. Pre-tax losses amounted to $2.3m, compared to $4.6m of loss a year earlier. Drilling at Cheremshanskoye No. 4 well, which the compan
10-Nov-2017 07:47 AM

PetroNeft output declines

PetroNeft said oil production continued to slide in the third quarter, though output rates ticked up slightly in October. Third-quarter production net to the company fell to 1,049 barrels per day in the three months through September, down from 1,100 in
15-Sep-2017 02:27 PM

PetroNeft shareholders pass all resolutions at AGM

PetroNeft Resources has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 2:27pm: (LON:PTR) Petroneft Resources PLC share price was 0p at 2.13p Story provided by
20-Jul-2017 07:53 AM

PetroNeft starts drilling S-375 delineation well

PetroNeft, an oil & gas exploration and production company operating in the Russian Federation, and 50% owner and operator of Licences 61 and 67, announced it commenced drilling the S-375 delineation well at Sibkrayevskoye. The S-375 well is being drille
23-Jun-2016 08:12 AM

PetroNeft provides update on Licence 61

PetroNeft (PTR) produced 737,655 barrels of oil (bopd) from Licence 61 in 2015 and achieved an average gross production of 2,021 bopd. The company said its current gross production was approxiamtely 3,000 bopd and that it drilled 11 wells in 2015. It a
21-Mar-2016 12:20 PM

Broker Forecast - Canaccord Genuity issues a broker note on Petroneft Resources PLC

Canaccord Genuity today reaffirms its speculative buy investment rating on Petroneft Resources PLC (LON:PTR) and set its price target at 4.50p. Story provided by
21-Mar-2016 12:09 PM

Natlata notes Petroneft EGM circular

Natlata Partners, the private investment company that is the largest single shareholder in Petroneft Resources (PTR) says it has noted that the Board of Petroneft has finally called an Extraordinary General meeting in accordance with its requisition of 17
30-Jun-2014 04:03 PM

PetroNeft gets go ahead for farm-out with OIL

PetroNeft has received Russian regulatory approvals for tor the farmout of an interest in Licence 61 in the Tomsk Oblast, Russian Federation, to Oil India Limited. PetroNeft says formal completion of the transaction and receipt of funds is expected in t
27-Jun-2014 08:45 AM

Petroneft books wider FY pretax loss

Petroneft booked a wider FY pretax loss of $11.5m, from a loss of $2.8m a year earlier. Revenue was $38.7m, from $34.6m. "The main focus in 2013 was the work to find a long-term funding solution for the Company which culminated in the agreement sign
17-Apr-2014 04:25 PM

PetroNeft agrees Licence 61 farm-out with OIL

PetroNeft, the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has entered into a binding agreement in respect of a 50% interest in Licence 61 with Oil India Limited. OIL will acquire a 50% interest in Licence 61 by making a
16-Jan-2014 10:13 AM

PetroNeft Resources confirm development priorities

PetroNeft Resources, the owner and operator of Licences 61 and 67 at Tomsk Oblast in Russian Federation, has reported that delineation drilling results at Lineynoye No. 9 indicate the J1-1 interval is oil saturated. The results are in line with expectati
30-Sep-2013 08:27 AM

Petroneft widens H1 pretax loss to $9.7m

Petroneft widened its H1 pretax loss to $9.7m, from a loss of $6.1m. Revenue totalled $18.6m, from $17.6m. H1 production was 445,949 barrels of oil, giving an average of 2,464 bopd. Production in the prior same period was 394,652 barrels, or an average
11-Sep-2013 03:37 PM

Resolutions passed at Petroneft AGM

The board of PetroNeft (LON:PTR) has announced that all resolutions proposed to shareholders at the Company's annual general meeting held in Dublin on 11 September 2013 were duly passed. At 3:37pm: (LON:PTR) share price was +0.15p at 3.2p Story
11-Sep-2013 03:34 PM

Oil & Gas Sector: Ithaca in demand on Stella update

North Sea oil company Ithaca Energy (LON:IAE) is up 14% to 144.25p after announcing the completion of a highly successful flow test on the first development well drilled on the Stella field and provides a progress update on the Greater Stella Area develop
28-Jun-2013 07:28 AM

Petroneft cuts FY pretax loss to $2.8m, from $16.4m

Petroneft booked a full-year pretax loss of $2.8 million, substantially down on the prior year's loss of $16.4 million. Revenue was $34.6 million, against $29.0 million. The prior period was hurt by a $5 million impairment on oil and gas properties
21-Mar-2013 08:32 AM

Petroneft says Licence 61 total oil output 2,800 bopd

Petroneft Resources said total oil production from its Licence 61 totalled 2,800 bopd. This followed the successful completion of 105 well and re-perforation of 102 wells at Arbuzovskoye. "Development work at Arbuzovskoye has been positive this p
27-Feb-2013 03:57 PM

Oil & Gas Sector: Sound Oil revises Badile near-term drill programme

Sound Oil (LON:SOU) has revised its near term drill programme for the Badile prospect. The aim is to: * Increase the upside exposure for shareholders, balancing risk and reward. * Accelerating cash flow from the Nervesa discovery. * Preserving cash
08-Feb-2013 07:58 AM

PetroNeft's well 112 initial output rate 140 bopd

Petroneft said its Arbuzovskoye well 112 has been successfully tested at an inital rate of 140 bopd with no visible water cut, but that production at two other wells in the field had been reduced. Arbuzovskoye well 105, the next well in the drilling sequ
18-Dec-2012 12:58 PM

Petroneft Resources begins oil production at Russian well

PetroNeft Resources has reported that its Arbuzovskoye well 111 in Russia has been successfully completed and put into production. There has been an initial oil flow rate of 150 barrels per day (bopd). It is now drilling well 112 targeting the eastern s
19-Nov-2012 11:32 AM

Petroneft Resources completes share placing

Shareholders voted in favour of all the resolutions at the EGM of Petroneft Resources held today in Dublin. As a result, the placing announced last month, raising approximately $17.25m, has now been completed. Application has been made for the new share
22-Oct-2012 07:46 AM

PetroNeft steps up production in Russia

PetroNeft Resources (AIM: PTR), owner and operator of licences in Tomsk Oblast in Russia has achieved its highest ever flow rate at one of its Arbuzovskoye wells. Production has been increased as a result and the company has confirmed the existence of g

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