Clean Break: the company completely halting Russian engagements or exiting Russia

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PetroNeft Resources plc is an international oil and gas exploration and production company, focused on Russia. The company’s shares are listed on the London AIM and Dublin ESM Markets.

Clean Break: the company completely halting Russian engagements or exiting Russia

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Further to the announcement by the Company on 25th November 2022 of the start of a strategic asset review, PetroNeft now announces that the Company has received an expression of interest from Pavel Tetyakov (CEO of PetroNeft), that may or may not lead to an offer being made to acquire the Company’s Russian assets.

The Company Statement
September 15, 2023

PetroNeft Resources set to sell Russian assets. Petroneft Resources said it will enter into a share-purchase agreement in connection with the proposed sale of its Russian business for a net cash consideration of 189.01 million Russian rubles ($2 million) plus $1, and that it will seek shareholder approval. PetroNeft shares to be cancelled from AIM amid Russia exit.

January 03, 2024PetroNeft shares to be cancelled from AIM amid Russia exit
February 12, 2023AIM weekly movers: PetroNeft Resources set to sell Russian assets
February 10, 2023Company Update
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