REG - Petroneft Resources - Update on Natlata EGM Requisition <Origin Href="QuoteRef">PTR.I</Origin>

Petroneft ResourcesAnnouncement

10/03/2016 17:00

RNS Number : 7500R
Petroneft Resources PLC
10 March 2016
PetroNeft Resources plc ('PetroNeft' or 'the Company')
Update on Natlata EGM Requisition
PetroNeft announces that it has notified Natlata Partners Limited ("Natlata") of its intention to proceed to convene the requisitioned Extraordinary General Meeting on or before 18 April 2016. The necessary documents will be circulated to shareholders in due course.
PetroNeft has met with representatives of Natlata on several occasions since the EGM proposal was made with a view to reaching an arrangement that is in the interests of PetroNeft and its shareholders as a whole. To date a compromise has not been reached but the Board of PetroNeft remains open to continuing these discussions.
For further information, contact:
Dennis Francis, CEO, PetroNeft Resources plc 
+1 713 988 2500
Paul Dowling, CFO, PetroNeft Resources plc 
+353 1 647 0280
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker) 
+353 1 679 6363
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)
+44 207 523 8000
Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson
+44 207 638 9571
Joe Heron / Douglas Keatinge, Murray Consultants
+353 1 498 0300
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