(ShareCast News) - Russian oil and gas explorer PetroNeft said it had executed the first tranche of a $35m loan from Oil India to start a work programme in western Siberia. It said the first tranche was an unsecured loan of $10m. Principal repayments will commence in the fourth quarter of 2019. "Th
Read more(ShareCast News) - Angus Lennox, a non-executive director of JP Morgan-managed Mercantile Investment Trust, has invested £90,150 of his cash in the grand old dame of the UK trust sector. Former Cazenove investment banker and then a managing director of the investment arm once JP Morgan took over, Le
Read more(ShareCast News) - Petroneft, the Siberian oil and gas driller, disappointed investors with news that production has not increased as much as expected due to difficulties at several wells. The new T-501 and T-503 horizontal wells at the Tungolskoye project in the Tomsk region were brought online but
Read more(ShareCast News) - Petroneft Resources was on the front foot after a well-received operational update in which it said production from license 61 in Russia had risen 41% since the start of the year. The oil and gas exploration and production company said current gross production stands at around 2,6
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