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Financing Update

14th Jan 2021 07:00

RNS Number : 6165L
Petroneft Resources PLC
14 January 2021
 

THIS 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.

 

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