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PetroNeft not found auditor, unlikely to meet annual results deadline
(Alliance News) - PetroNeft Resources PLC said on Thursday it has been unable to find an auditor for its 2022 annual results, and that it is becoming "increasingly clear" it will be unable to report annual results by its June 30 deadline.
PetroNeft is an oil and gas exploration company focused on Russia. PetroNeft faces financial challenges following the announcement that Stimul-T LCC, the operator of Licence 61 in Tomsk, has filed for bankruptcy. PetroNeft is a shareholder in Stimul-T LCC.
PetroNeft has launched a strategic asset review, with the sales process of licences L61 and L67 remaining ongoing.
PetroNeft continues to be in negotiations with Petrogrand AB and the holders of the 2019 convertible loans, though state it cannot predict the outcome of these negotiations.
Petroneft shares closed down 16% to 0.19 pence in London on Thursday afternoon
By Will Neill, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Latest PTR News
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2 Mar 2021 - EXECUTIVE CHANGES: PetroNeft Seats New Chair; Shoe Zone Loses Foot
22 Feb 2021 - PetroNeft agrees new $2.9m loan facility
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17 Feb 2021 - UK Shareholder Meetings Calendar - Next 7 Days
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PTR.L News
IN BRIEF: PetroNeft completes Licence 67 interest purchase to own 90%
IN BRIEF: PetroNeft completes Licence 67 interest purchase to own 90%
TRADING UPDATES: Marlowe executes strategy with whirl of acquisitions
TRADING UPDATES: Marlowe executes strategy with whirl of acquisitions
AIM WINNERS & LOSERS: Petroneft says well results "very encouraging"
AIM WINNERS & LOSERS: Petroneft says well results "very encouraging"
EXECUTIVE CHANGES: PetroNeft Seats New Chair; Shoe Zone Loses Foot
EXECUTIVE CHANGES: PetroNeft Seats New Chair; Shoe Zone Loses Foot
PetroNeft agrees new $2.9m loan facility
(Sharecast News) - Russia-focussed oil and gas exploration and production company PetroNeft announced a new $2.9m convertible loan facility on Wednesd...
TRADING UPDATES: Total Produce Merges With Dole; Ad Screens For Sports
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UK Shareholder Meetings Calendar - Next 7 Days
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AIM WINNERS & LOSERS: ASOS Rises 5% After Buying Arcadia Brands
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