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Petroneft Resources in 'transformation phase' from a small production base to 'grow significantly'

Petroneft Resources in 'transformation phase' from a small production base to 'grow significantly'

PetroNeft Resources PLC's (LON:PTR, ISE:PTR) David Sturt presents his international oil and gas exploration and production company to Proactive London.

Operating in Russia, the main assets of the Company are a 50% operated interest in a 4,991 km2 oil and gas licence (Licence 61) in the Tomsk Oblast in Russia and a 50% operating interest in a 2,447 km2 oil and gas licence (Licence 67) also located in the Tomsk Oblast.

Sturt goes on to discuss the oil price, now up to its pre-pandemic levels having hit an all-time low last year.

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