12 Jul 2018 15:15
12 July 2018
PetroNeft Resources plc
("PetroNeft" or the "Group" or the "Company")
Statement on Media Speculation
PetroNeft (AIM: PTR), notes the speculation in media regarding the potential disposal of Licence 61. The Company is examining a number of options in relation to maximising shareholder value. This process is at a very early stage and there is no certainty that any transaction will be completed. Further announcements will be made in the event of a material development.
ENDS
For further information, please contact:
Dennis Francis, CEO, PetroNeft Resources plc | +1 713 988 2500 |
Paul Dowling, CFO, PetroNeft Resources plc | +353 1 647 0280 |
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 |
Joe Heron / Douglas Keatinge, Murray | +353 1 498 0300 |
PetroNeft is an oil and gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67.