Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPTR.L Share News (PTR)

  • There is currently no data for PTR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PetroNeft Planning Further Licence 67 Well In 2018 Work Programme

Thu, 22nd Mar 2018 14:14

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 61 during 2018.

PetroNeft is to drill a delineation well at the Cheremshanskoye oil field on Licence 67. The C-4 well, it said, will further de-risk the field ahead of field development work, with the firm having already drilled three prior wells there.

The first reservoir target is the J1-3 interval, around 10 metres thick throughout the region, while the second is the J14 interval. PetroNeft will move a drilling rig to the field this winter while winter roads are in place, and drilling will occur this summer, funded through existing resources.

On Licence 61, PetroNeft continues to test the S-373 and S-375 wells and will to so for the rest of the 20178 winter season, with the data then used to plan further development at Sibkrayevskoye.

Chief Executive Dennis Francis commented: "We look forward to drilling the C-4 well which we feel has great potential as it will test multiple targets up-dip from nearby wells that have already tested oil in the same intervals.

"This is the first well to be drilled by the company based on the modern 3D seismic data acquired in 2014."

Both licences are located in Tomsk region in western Siberia. PetroNeft shares were up 3.6% on Thursday at 1.45 pence each.

More News
23 Jun 2016 08:04

Petroneft Trims Loss Despite Revenue Drop, Marginal Production Rise

Read more
2 Jun 2016 09:41

WINNERS & LOSERS SUMMARY: Moneysupermarket Drops On Downgrade

Read more
2 Jun 2016 07:53

Petroneft Production Rises As New Well Delivers Best Ever Flow Rate

Read more
25 May 2016 11:30

PetroNeft Shareholder General Invest Withdraws Request For Meeting

Read more
25 Apr 2016 12:08

PetroNeft avoids shareholder dispute with board restructure

(ShareCast News) - Russia-focused oil and gas exploration and production company PetroNeft Resources managed to avoid a particularly fraught shareholder meeting on Monday, reaching agreement with its largest shareholder Natlata Partners to restructure its board. The AIM-traded company confirmed that

Read more
25 Apr 2016 07:04

PetroNeft Reaches Compromise With Activist Investor Natlata

Read more
18 Apr 2016 13:16

UPDATE: PetroNeft Adjourns Meeting As It Holds Talks With Natlata

Read more
18 Apr 2016 07:54

PetroNeft Says Restriction Notice On General Invest Overseas Cancelled

Read more
11 Apr 2016 15:04

AGM, EGM Calendar - Week Ahead

Read more
6 Apr 2016 09:19

2nd UPDATE: PetroNeft Removes Restriction Notices On Natlata

Read more
6 Apr 2016 08:18

UPDATE: PetroNeft Removes Restriction Notices On Natlata Ahead Of Vote

Read more
6 Apr 2016 07:58

PetroNeft Says Restriction Notices On Natlata Cancelled Ahead Of Vote

Read more
5 Apr 2016 15:18

PetroNeft issues restriction notice to shareholder Natlata

(ShareCast News) - A growing spat between PetroNeft Resources and shareholder Natlata Partners led to a restriction notice issued from the former to the latter on Tuesday. Early in the day, Natlata Partners said it had received a restriction notice that would bar its from attending, speaking or voti

Read more
5 Apr 2016 13:43

UPDATE: PetroNeft Tries To Block Natlata Vote At EGM, Gets ISS Support

Read more
5 Apr 2016 08:59

PetroNeft Issues Notice To Potentially Block Natlata Vote At EGM

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.