IN BRIEF: PetroNeft shares drop as company closes Russian wells
30th Aug 2022 12:08
PetroNeft Resources PLC - Russia-focused oil and gas exploration and production company - Announces that petroleum and fertilizer company Nord Imperial LLC has temporarily suspended the oil acceptance and transfer from licence 61. PetroNeft is the 50% owner and operator of this licence. Acceptance and transfer are suspended until the debt claimed on the contract terms is paid in full. Company explains it now has no other export route from licence 61 and is now progressively shutting down its wells until the situation can be resolved. Read More