Source - RNS
RNS Number : 2768M
Petroneft Resources PLC
12 October 2016
 

12 October 2016

 

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 2016.

 

Licence 61 Gross Production

Q3-2016

Q2-2016

Q1-2016

Q1-Q3 2016

Q1-Q3 2015

Total gross production

305,126

223,877

206,816

735,819

519,785

Gross bopd

3,317

2,460

2,273

2,685

1,904

PetroNeft 50% share bopd

1,658

1,230

1,136

1,343

952

 

The production for the fourth quarter of 2016 will be announced in January 2017.

 

For further information, contact:

Dennis Francis, CEO, PetroNeft Resources plc   

+1 713 988 2500

Paul Dowling, CFO, PetroNeft Resources plc     

+353 1 647 0280

John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)                         

+353 1 679 6363

Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)  

+44 207 523 8000

Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson

+44 207 638 9571

Joe Heron / Douglas Keatinge, Murray

+353 1 498 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
 
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