Petroneft Resources Plc

PetroNeft Resources plc is an international oil and gas exploration and production company, established in 2005 for the purpose of acquiring and developing hydrocarbon acreage in Russia. The company’s shares were admitted to trading on the London AIM and Dublin IEX Markets in September 2006.

The Group’s core asset is a 100 per cent interest in an exploration and production licence (Licence 61), covering 4991 sq. kms in the Tomsk Region of Western Siberia, containing two proven oil fields, Lineynoye and Tungolskoye, and some 25 additional prospects and potential prospects, which have already been identified by seismic surveys.

Ryder Scott Company, the independent petroleum consultants, estimate the reserves in various categories on the licence as follows;

Lineynoye and Tungolskoye oil fields;

Proved and Probable (P1 +P2) 33.5 million barrels
Possible (P3) 37.1 million barrels
Total (P1+P2+P3) 70.6 million barrels


25 Prospects and Potential Prospects;

Possible (P3) 253 million barrels
Exploration Resource (P4) 100 million barrels
Total (P3+P4) 353 million barrels