PTR.L Share News (PTR)

PTR.L Information

There is currently no data for PTR

PetroNeft confirms new reserves in Cheremshanskoye field

Wed, 24th Apr 2019 15:58

(Sharecast News) - Russia-focussed oil and gas exploration and production company PetroNeft updated the market on its 50%-owned licence 67 on Wednesday, reporting that new reserves had been approved for the licence in the Cheremshanskoye field.The AIM-traded from said that, following on from the successful drilling of the C-4 appraisal well on the northern part of the field, it had received approval from the State Reserves committee for C1 and C2 reserves of 2.5 Mtons - approximately equal to 2P reserves of 19.26 mmbbls.It said the reserves approved were in the upper Jurassic (J1) and lower Jurassic (J14) intervals.PetroNeft said its internal assessment of the field further indicated potential for reserves to more-than-double in the future, as the current reserves apparently did not reflect the full potential for the Jurassic intervals within the large four-way dip closed structure which extended over 46 square kilometres.The company said it was also evaluating the prospectivity in the overlying Cretaceous play within the Cheremshanskoye and Ledovoye fields.Historically, the Cretaceous play had been "difficult to target", the board said, due to siting wells on 2D seismic data.Both the Cheremshanskoye and Ledovoye fields were covered with "high quality" 3D seismic data, which the company said it believed could be the "key" to unlocking the full potential of the "exciting" additional play."This is a great step forward for the company following the drilling of the successful C-4 well in 2018," said PetroNeft chief executive officer David Sturt."Now that we have reserves independently approved, we can start evaluating development options for the field with our partner."Sturt said the company was "very excited" about the ultimate potential of the field, as ot now had oil proven at both ends of the "substantial" structure."In addition to the reserves which are now proven in the Jurassic sands, we are also very encouraged about the potential within the Cretaceous interval where oil was identified in the C-4 well but could not be tested for operational reasons."

More News

25 Jan 2019 13:56

PetroNeft Resources CFO Dowling To Depart For Other Opportunities

LONDON (Alliance News) - PetroNeft Resources PLC said Friday that Chief Financial Officer & Company Secretary Paul Dowling will leave the company at the end of January to pursue other will be

10 Jan 2019 10:59

PetroNeft Promotes Non-Exec Director Sturt To Chief Executive

LONDON (Alliance News) - Oil and gas firm PetroNeft Resources PLC on Thursday said it has made Non-Executive Director David Sturt its new chief executive.Sturt has been on the PetroNeft and

10 Jan 2019 08:40

Petroneft Resources appoints Karl Johnson as chief executive

(Sharecast News) - Oil and gas exploration outfit Petroneft Resources tapped non-executive director David Sturt as its next chief executive on Thursday, taking over from interim CEO Karl Johnson.

2 Jan 2019 12:15

Petroneft In Talks To Extend, Increase USD2 Million Petrogrand Loan

LONDON (Alliance News) - Petroneft Resources PLC said Wednesday it has in talks to extend and increase a previously agreed USD2 million loan with Swedish company Petrogrand AB.The Russia in

20 Nov 2018 12:30

Petroneft Resources Founder And Chief Executive Francis Retires

LONDON (Alliance News) - Petroneft Resources PLC said Tuesday that its founder & chief executive, Dennis Francis, has decided to retire from his post.The oil and gas explorer has a for

28 Aug 2018 10:17

PetroNeft Resources Gets Promising Results From Drilling At C-4 Well

LONDON (Alliance News) - Oil and gas company PetroNeft Resources PLC said on Tuesday it has successfully cored, logged and open-hole tested the J1-1 and J1-3 intervals of the Cheremshanskoye-4 in

9 Aug 2018 11:09

PetroNeft's Second-Quarter Production From Licence 61 Declines

LONDON (Alliance News) - Russia-focused oil and gas firm PetroNeft Resources PLC on Thursday reported a slight dip in quarterly production from its 50% owned Licence 61.For the three months

7 Aug 2018 12:14

PetroNeft Resources Starts Drilling At C4 Well In Western Siberia

LONDON (Alliance News) - PetroNeft Resources PLC said Tuesday it commenced drilling work at its 50% owned C-4 well in Russia."The C-4 well is designed to test a large portion of the is

26 Apr 2018 13:21

Petroneft Resources Reports Slowdown In Quarterly Production In Russia

LONDON (Alliance News) - Petroneft Resources PLC on Thursday said first-quarter production from one of its licenses in Russia declined.The oil & gas exploration company has a 50% stake

22 Mar 2018 14:14

PetroNeft Planning Further Licence 67 Well In 2018 Work Programme

LONDON (Alliance News) - Russian oil and gas firm PetroNeft Resources PLC said on Thursday it is to drill a new well on Licence 67 as well as continue testing work at Licence

31 Jan 2017 08:31

PetroNeft Lifts Net Production From Licence 61 By 34% In 2016

9 Sep 2016 15:05

UK Shareholder Meetings Calendar - Next 7 Days

31 Aug 2016 15:27

Petroneft comes up dry at Sibkrayevskoye, reports production decline

(ShareCast News) - Petroneft saw production at one of its two licenses decline and reported that a major step out well had come up dry and would be plugged. Russia-focused Petroneft said gross production from License 61 in the Tomsk oblast region in central Russia was running at approximately 3,300

21 Jul 2016 10:00

PetroNeft Sees Production Increase At Tomsk Oblast Licence

5 Jul 2016 10:00

Latest Share Chat

PTR.L Share News (PTR)

PetroNeft confirms new reserves in Cheremshanskoye field

PetroNeft Resources CFO Dowling To Depart For Other Opportunities

PetroNeft Promotes Non-Exec Director Sturt To Chief Executive

Petroneft Resources appoints Karl Johnson as chief executive

Petroneft In Talks To Extend, Increase USD2 Million Petrogrand Loan

Petroneft Resources Founder And Chief Executive Francis Retires

PetroNeft Resources Gets Promising Results From Drilling At C-4 Well

PetroNeft's Second-Quarter Production From Licence 61 Declines

PetroNeft Resources Starts Drilling At C4 Well In Western Siberia

Petroneft Resources Reports Slowdown In Quarterly Production In Russia

PetroNeft Planning Further Licence 67 Well In 2018 Work Programme

PetroNeft Lifts Net Production From Licence 61 By 34% In 2016

UK Shareholder Meetings Calendar - Next 7 Days

Petroneft comes up dry at Sibkrayevskoye, reports production decline

PetroNeft Sees Production Increase At Tomsk Oblast Licence

PetroNeft Shares Rise As Production In Russia Hits Record Level

Latest Share Chat

PTR.L Share News (PTR)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PetroNeft confirms new reserves in Cheremshanskoye field

Login to your account

Quickpicks are a member only feature

Login to your account