15th Apr 2014 09:32
LONDON (Alliance News) - PetroNeft Resources PLC Tuesday said it expects to execute binding legal agreements within the next week for its its 50% interest in Licence 61 after completing all legal documentation and due diligence.
The gas concession is located in the Tomsk Oblast in the Western Siberia basin.
PetroNeft said it will provide an update once the agreements are signed.
The stock was trading at 5.72 pence Tuesday morning, up 0.25 pence or 4.5%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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