PTR.L

PetroNeft Resources Plc
Petroneft Resources - Debt Financing Update
16th December 2022, 07:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 9054J
Petroneft Resources PLC
16 December 2022
 

PetroNeft Resources plc

16 December 2022

 

PetroNeft Resources plc ('PetroNeft' or 'the Company')

 

DEBT FINANCING UPDATE

 

 

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61 provides the following financing update.

 Petrogrand Loan facility

The Company continues to be in negotiations with Petrogrand AB ("Petrogrand") regarding its loan facility, with a current redemption value of US$2.48 million and which matured on Thursday 15 December 2022.  We cannot predict the outcome of these negotiations and the Company will make further announcements in due course.

Moreover, the directors of the Company continue to review strategic options available to PetroNeft and are considering all viable options within the context of the current geopolitical environment to maximise value for shareholders.

 

For further information, contact:


Pavel Tetyakov, CEO, PetroNeft Resources plc

+353 1 6470280

Brian Garrahy/Ciara O'Mongain, Davy (NOMAD and Corporate Broker)      

+353 1 679 6363

Paul O'Kane Murray Consultants

+353 1 498 0300

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDTABRTMTMBBIT ]]>
TwitterFacebookLinkedIn