1st Dec 2006 07:01
Petroneft Resources PLC01 December 2006 Petroneft Resources plc ("Petroneft" or the "Company") Share Price Movement The Board of Petroneft notes the recent rise in the Company's share price. The Company is continuing appraisal activities on Licence 61 in the Tomsk Oblastin Western Siberia. This includes a new 500 line km 2D seismic survey and themobilisation of the first well of its three well 2006/07 Winter DrillingProgramme, a delineation well on the Lineynoye Oil Field which will begin inJanuary 2007. The Board of Petroneft is not aware of any matters that require it to make anannouncement at this point in time. For further information, contact: Dennis Francis, CEO, Petroneft Resources plc+1 713 988 2500 Desmond Burke, Director Investor Relations, Petroneft Resources plc+353 52 53226 Paddy Blewer/Nick Elwes, College Hill+44 207 457 2020 1 December 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PTR.L