PetroNeft Resources PLC- Russia-focused oil and gas explorer - Says first-quarter average daily rate of production at Licence 61, Russia at 1,679 barrels of oil per day, up 4.0% from 1,614 bopd average in 2019. Granted three-month extension to file 2019 results amid Covid-19. Also stated it has successfully re-entered the C-4 well on the Cheremshanskoye field in licence 67, adding it has produced and sold 1,200 barrels of oil from the well in the first quarter of 2020.
Current stock price: 0.60 pence
Year-to-date change: down 54%
By Eric Cunha; ericcunha@alliancenews.com
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