REG - Petroneft Resources - Debt Financing Update

Petroneft ResourcesAnnouncement

16/12/2022 07:00

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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

 

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