TIDMPTR

RNS Number : 0661O

Petroneft Resources PLC

25 January 2019

PetroNeft Resources plc

25 January 2019

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Management change

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, announces that Paul Dowling, CFO and Company Secretary, will depart the Company at the end of January 2019 to pursue other opportunities. Paul will be available to the Company for a transition period while a suitable candidate is identified by the Company.

G. David Golder, Chairman of the Board, commented:

"I would like to thank Paul for his service to PetroNeft over the years. Paul joined us in 2007 and has been a valuable asset to the Company throughout the successes and challenges along the way. I wish him the very best in his future endeavours."

Paul Dowling commented:

"I would like to thank my colleagues, Board and shareholders for their support and encouragement throughout my time and sincerely wish the Company well in the future."

For further information, contact:

 
 Karl Johnson, Interim CEO, PetroNeft Resources           +1 713 988 
  plc                                                           2500 
 David Sturt, Incoming CEO, PetroNeft Resources           +353 1 647 
  plc                                                           0280 
                                                          +353 1 647 
 Paul Dowling, CFO, PetroNeft Resources plc                     0280 
 John Frain/Brian Garrahy, Davy (NOMAD and Joint          +353 1 679 
  Broker)                                                       6363 
 Henry Fitzgerald-O'Connor, Canaccord Genuity Limited    +44 207 523 
  (Joint Broker)                                                8000 
                                                          +353 1 498 
 Joe Heron / Douglas Keatinge, Murray Consultants               0300

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END

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(END) Dow Jones Newswires

January 25, 2019 02:00 ET (07:00 GMT)

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