Petroneft to sign contract for five more wells after initial success
Group said work on two wells in the Russian Tomsk Oblast region was a ‘fantastic success’
Group said work on two wells in the Russian Tomsk Oblast region was a ‘fantastic success’
Strong operational cash flows help company fund re-entry to Ledovoye well
Deal result in issuance of more than 115.7m new shares by Irish company
Move increases its interest in well which offers ‘significant potential value’ to 90%
Loan facility to mature in 2023, and will be partly used to support ongoing operations
Alastair McBain to join oil and gas explorer’s board as Belgrave Naftogas’s nomination
Heads of terms have been signed with Belgrave Naftogas in deal worth $2.9 million
Petroneft will build winter road to ensure year-round production at its key Russian project
Oil and gas company says production is up almost 8% year on year
Irish oil and gas explorer has taken further steps to protect staff as oil prices improve
Company pleased but suspends operations for now due to coronavirus pandemic
Ecisting shareholders among those who provided new funds for exploration company
David Sturt took over position with oil and gas exploration firm two weeks ago
David Sturt will take up new role in March
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