18 Sep 2015 13:49
18 September 2015
PetroNeft Resources plc
("PetroNeft" or the "Group" or the "Company")
Retirement of Director
PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 announces that Vakha Sobraliev, Non-Executive Director, has decided to retire from his position, effective from the conclusion of the AGM, held earlier today in order to concentrate on his other business interests.
Mr. Sobraliev has been a director since November 2005 and introduced Licence 61 to the Company at its formation in 2005. He was also key to the establishment of the Company's operations and experienced team in Tomsk.
David Golder, Chairman of PetroNeft Resources plc, commented:
"On behalf of the Company and its shareholders I would like to place on record our appreciation for Vakha's service and advice over the years and in particular to his contribution to the original setup of operations in Tomsk. I wish him every success in the future."
For further information, contact:
Dennis Francis, CEO, PetroNeft Resources plc | +353 1 443 3720 |
Paul Dowling, CFO, PetroNeft Resources plc | +353 1 443 3720 |
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker) | +353 1 679 6363 |
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker) | +44 207 523 8000 |
Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson | +44 207 638 9571 |
Joe Heron / Douglas Keatinge, Murray Consultants | +353 1 498 0300 |