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IN BRIEF: PetroNeft Delays Annual Results, Licence 61 Improves

Mon, 29th Jun 2020 16:34

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

Copyright 2020 Alliance News Limited. All Rights Reserved.

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