PetroNeft Resources plc
PNFTF
Other OTC0.04
USD
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- -
Return %
Stock
S&P500
1Y
- -
19.01
3Y
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65.48
5Y
- -
72.20
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- David C. Sturt
- Full Time Employees
- 37
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 20 Holles Street Dublin Ireland 2
- IPO Date
- Apr 17, 2014
- Website
- petroneft.com
- Similar Companies
- Business
- PetroNeft Resources plc engages in oil and gas exploration, development and production primarily in the Tomsk Oblast region of Western Siberia, Russia. The company holds a 90% operating interest in Licence 67, spanning 2,447-2,477 square kilometers and containing the Cheremshanskoye and Ledovoye oil fields along with numerous prospects and leads; and a 50% operating interest in Licence 61, covering 4,991 square kilometers and including seven known oil fields such as Lineynoye, Tungolskoye, Arbuzovskoye, Sibkrayevskoye, West Lineynoye, Kondrashevskoye and North Varyakhskoye, plus over 25 prospects and leads. It also maintains associated infrastructure including well pads and on-site accommodation. Founded in 2005 and headquartered at 20 Holles Street, Dublin 2, Ireland, PetroNeft Resources plc listed on the London AIM and Dublin ESM markets in September 2006, with trading canceled on January 2, 2023. The company targets hydrocarbon reserves in the prolific Western Siberian Basin, serving oil and gas markets through its operated licenses. In recent developments, PetroNeft completed the acquisition of an additional 40% interest in Licence 67 from Belgrave Naftogas in 2021, raising its stake from 50% to 90%. In June 2024, Pavel Tetyakov acquired Lineynoye LLC from PetroNeft Resources plc and Belgrave Naftogas. The company has entered a Members' Voluntary Liquidation process following a shareholder resolution to cease operations and liquidate its Russian assets, with strategic options including potential sales explored amid exiting the market.