REG - Petroneft Resources - Financing Update
RNS Number : 6165LPetroneft Resources PLC14 January 2021THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
14th January 2021
PetroNeft Resources plc
("PetroNeft" or the "Group" or the "Company")
Financing Update
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, is pleased to provide a financing update.
Loan facility
In June 2019 PetroNeft agreed a convertible loan facility of US$1.3 million with a group of five lenders. The convertible loan matured on 31st December 2020 however discussions have been ongoing to secure a one year extension to the maturity date. Whilst those discussions are ongoing we are confident that we will be able to announce a successful outcome shortly.
For further information, contact:
David Sturt, PetroNeft Resources plc
+971 55 1919 808
John Frain/Caroline Pearson, Davy (NOMAD, ESM Adviser and Broker)
+353 1 679 6363
Joe Heron / Douglas Keatinge, Murray
+353 1 498 0300
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation and is disclosed in accordance with the Issuer's obligations under Article 17 of the Market Abuse Regulations.
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.ENDTSTDXLFFFFLEBBZ
Recent news on Petroneft Resources
See all newsREG - AIM Petroneft Resources - Cancellation - Petroneft Resources PLC
AnnouncementREG - Petroneft Resources - Board Changes
AnnouncementREG - Petroneft Resources - Company Update
AnnouncementREG - Petroneft Resources - Result of EGM
AnnouncementREG - Petroneft Resources - Notice of EGM
Announcement