NEWS
PetroNeft Resources PLC Company News
Recent Articles
Results 50 articles shown
PetroNeft Agrees 2016/17 Work Program with Oil India
PetroNeft reaches an agreement with Oil India for a budget and work program in 2016 and 2017 within license 61.
8:00 PM EST | March 20, 2016
PetroNeft Sees No Sign of Oil Price Improvement, Vows to Grow Production
PetroNeft's Chairman, David Golder, believes "there is little sign of improvement in oil prices in the near term" and states that PetroNeft is focused on growing production in the future.
8:00 PM EST | September 28, 2015
PetroNeft Brings Tungolskoye's T-503 Well in Western Siberia Online
PetroNeft commences oil production from Tungolskoye's T-503 well, which is located in License 61 in Western Siberia.
8:00 PM EST | July 21, 2015
PetroNeft: Significant Production Growth Expected in 2015
PetroNeft announces in its annual results statement for 2014 that it expects a significant boost in production this year.
8:00 PM EST | June 22, 2015
PetroNeft Confirms Production Flow at S-373 Appraisal Well
PetroNeft reveals that the Sibkrayevskoye No. 373 appraisal well at License 61 in Russia is flowing at a production rate of 100 barrels of oil per day.
8:00 PM EST | May 21, 2015
PetroNeft Restarts Drilling Operation in Tomsk Region of Russia
PetroNeft says it is restarting drilling operations on Licence 61 in the Tomsk Oblast region of Russia.
8:00 PM EST | August 18, 2014
PetroNeft Raises Funds for Russian Field Development
Russia-focused PetroNeft Resources raises $6.7 million to fund the delivery of supplies and equipment to its onshore field in the Tomsk Oblast.
8:00 PM EST | March 16, 2014
Petroneft to Restart Drilling Ops Later in 2013
Petroneft Resources says it will restart drilling operations in Russia's Tomsk Oblast later this year on successfully refinancing its debt.
8:00 PM EST | September 29, 2013
PetroNeft All Smiles over Arbuzovskoye Production Rates
PetroNeft Resources plc, owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, provided the following update on its operations at Licence 61.
8:00 PM EST | March 20, 2013
PetroNeft Successfully Completes Arbuzovskoye Well
PetroNeft reports that Arbuzovskoye well 112 on Licence 61 in Russia has been successfully completed.
7:00 PM EST | February 07, 2013
PetroNeft Sees New Well Flow at Arbuzovskoye
PetroNeft Resources says that well 109 at its Arbuzovskoye oil field has begun flowing at 100 bopd.
7:00 PM EST | November 22, 2012
PetroNeft Arbuzovskoye Well Flows at 540 bopd
PetroNeft Resources reports that its Arbuzovskoye well 102 has been brought into production with an initial flow rate of 540 bopd.
8:00 PM EST | October 21, 2012
PetroNeft Drills First Arbuzovsjkoye Well
Western Siberia-focused PetroNeft has begun its 10-well drilling program to develop the Arbuzovskoye field.
8:00 PM EST | August 12, 2012
PetroNeft to Drill First of 10 Arbuzovskoye Wells in 3Q 2012
PetroNeft expects to add Western Siberian field's production to that already produced by its nearby Lineynoye field, while the firm also raises $15 million from a term loan.
8:00 PM EST | May 30, 2012
PetroNeft 'Disappointed' by Lineynoye Well Results
"We are disappointed with the results of the Pad 2 fracture stimulation program, especially when compared to the improving Pad 1 results," said Dennis Francis.
7:00 PM EST | February 16, 2012
PetroNeft Makes Headway at Russian Licenses
PetroNeft, the owner and operator of Licenses 61 and 67, Tomsk Oblast, Russian Federation, announced an update on its operations.
7:00 PM EST | December 05, 2011
PetroNeft Makes New Oil Find at Cheremshanskaya
PetroNeft announced the discovery of a new oil field in License 67 at Cheremshanskaya.
8:00 PM EST | October 18, 2011
PetroNeft Finds New Oil Field in License 61
PetroNeft announced the discovery of another new oil field in License 61 at North Varyakhskaya.
8:00 PM EST | September 20, 2011
PetroNeft Discovers New Oil Field in Russia
PetroNeft, the owner and operator of Licenses 61 and 67, Tomsk Oblast, Russian Federation, announced its largest single discovery to date, a new oil field at Sibkrayevskaya in License 61.
8:00 PM EST | August 03, 2011
PetroNeft Confirms 2P Reserves in Western Siberia
PetroNeft announced that the Kondrashevskoye No. 2 sidetrack well has confirmed 2P reserves.
8:00 PM EST | July 05, 2011
PetroNeft Spies Oil Pay at License 61
PetroNeft reported that preliminary log and survey data for well 336 in License 61 indicate net oil pay with an additional possible oil pay.
8:00 PM EST | June 21, 2011
PetroNeft's 2011 Exploration Program to Double Reserves in Russia
PetroNeft's high impact 2011 exploration program, which has the potential to more than double our reserves, is targeting over 60 million barrels on three prospects in License 61.
8:00 PM EST | June 06, 2011
PetroNeft Looks Ahead to 2011 Exploration
"We are pleased with the results of our nine well fracture stimulation program but we have learned from the program and feel we can improve on both the design and efficiency in our future drilling and frac programs," said Dennis Francis.
8:00 PM EST | April 03, 2011
PetroNeft Ramps Up Reserves
"We are very pleased to add quality reserves with demonstrated flow rates which will form an important element of our future development and production growth plans," said Dennis Francis.
7:00 PM EST | March 09, 2011
PetroNeft to Commence Frac Stimulation Program at License 61
"While our well performance is good, it has been limited...However, this will be resolved by the hydraulic fracturing program and has not in any way changed our view of the reservoir quality or overall productivity of the field," said Dennis Francis.
7:00 PM EST | January 04, 2011
PetroNeft Discovers New Oil Field in License 61
PetroNeft has discovered a new oil field at Arbuzovskaya in License 61, Russia.
7:00 PM EST | November 08, 2010
PetroNeft Appoints Non-Executive Director
PetroNeft announced the appointment of Gerard (Gerry) Fagan as an Independent Non-Executive Director of the Company.
8:00 PM EST | September 08, 2010
PetroNeft Turns on Taps at License 61
PetroNeft reported construction of production facilities has been completed and production has gradually been commenced from four wells in License 61.
8:00 PM EST | August 23, 2010
PetroNeft Completes Pipeline Testing in Russia
PetroNeft provided an update on its operations at Licenses 61 and 67.
8:00 PM EST | June 22, 2010
PetroNeft Drills Ahead at Lineynoye Field
"The drilling of our production wells remains ahead of schedule and we are delighted with the well results to date," said Dennis Francis.
8:00 PM EST | June 07, 2010
PetroNeft Drills 9 Production Wells at Lineynoye Field
PetroNeft provided an update on its operations. Drilling of the first of 9 production wells at the Lineynoye oil field scheduled for 2010 has been completed. Preliminary results indicate that the results of this well are in line with expectations.
8:00 PM EST | April 14, 2010
PetroNeft Spuds Ahead of Schedule at Lineynoye Field
"All aspects of the Lineynoye Field development project are progressing on or ahead of schedule. Spudding of our first production well was an important milestone," commented CEO of PetroNeft.
8:00 PM EST | March 22, 2010
PetroNeft: Russian Pipeline Completion Slated for April
PetroNeft reported that pipeline construction at its Russian development is on schedule for completion in April 2010.
7:00 PM EST | January 26, 2010
PetroNeft Names VP, Business Development & Operations
Effective January 1, Karl D. Johnson was appointed as Vice President of Business Development and Operations at PetroNeft Resources.
7:00 PM EST | January 26, 2010
PetroNeft Picks Up 100% Interest in Russian Ledovy License
PetroNeft Resources, owner and operator of Licence 61, Tomsk Oblast, Russian Federation, has won the State Auction for a 100% interest in the Ledovy License No. 67 also in the Tomsk Region.
7:00 PM EST | December 17, 2009
PetroNeft Inks Deal for Construction of Russian Oil Pipeline
PetroNeft has signed a contract for the construction of a pipeline from its Lineynoye oil field to the Kiev-Eganskoye oil field.
8:00 PM EST | October 14, 2009
Fund Raising Puts PetroNeft on 'Firm Footing' to Reach Production Goal
"The recent successes of the fund raising and the pipeline agreement have put PetroNeft on a firm footing to reach year-round production in 2010," commented PetroNeft CEO Dennis Francis.
8:00 PM EST | September 29, 2009
PetroNeft Fully Funded to Reach Year-Round Production in 3Q 2010
PetroNeft, the owner and operator of License 61 in Russia, has agreed to the terms of a conditional placing, the net proceeds of which will be applied to pipeline and related infrastructural expenditure, field facilities, and drilling operations.
8:00 PM EST | September 20, 2009
PetroNeft Cites Operational Success in '08, Bumps Up Russian Reserves
"This has been another year of operational success. We have now met all our license exploration commitments, and our drilling successes have [proven] that License 61 will be a profitable producing asset for a number of years," PetroNeft's CEO said.
8:00 PM EST | June 03, 2009
PetroNeft's License 61 Reserves Significantly Increase
PetroNeft's reserves on License 61, in the Tomsk Oblast region of the Russian Federation, has significantly increased.
7:00 PM EST | February 23, 2009
PetroNeft Starts Up Winter Oil Production from 3 Russian Wells
PetroNeft has commenced winter oil production from the L-1, L-6 and L-7 wells in the Russian oil fields Lineynoye and West Lineynoye.
7:00 PM EST | February 09, 2009
PetroNeft Confirms 5 Production Wells at Lineynoye
PetroNeft, owner and operator of Licence 61, Tomsk Oblast, Russian Federation, has provided an update on the re-entry and recompletion of the Lineynoye No. 1 well.
7:00 PM EST | November 03, 2008
PetroNeft Slows Pace for Lineynoye Development Project
The Board of PetroNeft has decided to slow the pace of the Phase I Development Project, which includes the Lineynoye and West Lineynoye Fields, to allow time for further asset and capital expenditure optimization.
8:00 PM EST | October 21, 2008
PetroNeft to Supply Pipeline for Lineynoye Oil Field, License 61
PetroNeft, owner and operator of License 61, has signed an agreement with CJSC "Karos" to supply pipe for the planned, 60km export pipeline from the Lineynoye oil field to the Bashneft Lukpaiskaya custody transfer point, northwest of License 61.
8:00 PM EST | July 28, 2008
PetroNeft Raises $17.3MM to Construct New Pipeline
PetroNeft agreed to the terms of a conditional placing of 34,527,141 new Ordinary Shares at Stg0.25 per Ordinary Share, raising gross proceeds of approximately US $17.3 million, which will be used to fund construction of a new pipeline.
8:00 PM EST | July 17, 2008
PetroNeft Enters Agreement with US Bank for $80MM Debt Facility
PetroNeft has entered into a US mandate agreement with Standard Bank for a US $80 million debt facility to finance PetroNeft's development activities within License 61, Tomsk Oblast, Russian Federation.
8:00 PM EST | July 08, 2008
PetroNeft Releases 2007 Reports
PetroNeft has released its end-of-the-year reports from 2007. Among other highlights are the drilling of five new wells, all of which are oil bearing, and an expanding shareholder base.
8:00 PM EST | June 29, 2008
PetroNeft Drills Successfully, Moves Forward with Development Program
There was a new oil discovery on Korchegskaya and also a successful delineation well on West Lineynoye, which led PetroNeft to sanction the development of the Lineynoye and West Lineynoye oilfields and a phased plan of development for production.
8:00 PM EST | June 25, 2008
Petroneft Spuds Korchegskaya No. 1 Well in Russia
Drilling has commenced on the No. 1 well on the Korchegskaya Prospect on schedule. Estimates of the prospect top 36 million barrels of possible reserves.
7:00 PM EST | March 04, 2008
PetroNeft Increases Russian Reserves by 81%
Following the successful exploration and appraisal program undertaken in Licence 61 during 2007, PetroNeft's net proved and probable (2P) oil reserves as of Jan. 1, 2008 increased by 81% to 60.6 million barrels.
7:00 PM EST | February 18, 2008