Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/by_province/russia/petroneft-continues-to-make-solid-progress-with-la.shtmlPetroNeft continues to make solid progress with large international oil and gas company
PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce
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PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce a funding and operations update.
Highlights ◾ $6.7 million fundraising consisting of ◾ $5.2 million new equity issue at 5 pence per share ◾ $1.5 million in debt
◾ Production higher at 2,400 bopd, reflecting improved well performance ◾ Licence 61 farmout confirmatory due diligence and legals progressing well; completion anticipated in coming weeks
