PTR.L Regulatory News (PTR)

21 Feb 2008 17:22

Petroneft Resources PLC21 February 2008 PetroNeft Resources plc ('Petroneft' or the 'Company') Issue of Options On 21 February 2008, options over ordinary shares of nominal value €0.01 ('Options') were awarded to directors and persons discharging managementresponsibility in the Company in accordance with the Company's share optionscheme. The exercise price of these options is the closing price of the ordinaryshares of the Company on the AIM market of the London Stock Exchange on 20February 2008 which was STG£0.3615. The options will only vest once certaintime, company performance and total shareholder return targets have been met. Number of Options Total number of issued Options heldDirectorsDavid Golder 55,000 495,000Dennis Francis 330,000 1,210,000David Sanders 280,000 1,160,000Desmond Burke 175,000 835,000Thomas Hickey 45,000 353,000Vakha Sobraliev 35,000 475,000 PDMRPaul Dowling 175,000 575,000 Total 1,095,000 5,103,000 Ends For further information please contact: Dennis Francis, CEO, PetroNeft Resources plc (Houston)+1 713 988 2500 Paul Dowling, CFO, PetroNeft Resources plc (Dublin)+353 1 4433720 Desmond Burke, Director Investor Relations, PetroNeft Resources plc (Ireland)+353 52 53226 John Frain/Brian Garrahy, Davy (Nomad and IEX Adviser)+353 1 679 6363 This information is provided by RNS The company news service from the London Stock Exchange