PetroNeft, an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations at Licence 61.

Highlights

Sibkrayevskoye •Sibkrayevskoye No. 373 appraisal well flows 100 bopd (stabilised, unstimulated natural flow) and confirms 11.5 m net oil pay. Flow rates with a pump would be considerably higher. •Acquisition of 1,000 km of high quality 2D seismic completed.

Tungolskoye •Tungolskoye pipeline and utility line to Lineynoye have been completed and are currently being commissioned. •Tungolskoye T-51B vertical production and control well spudded.

Other fields •Arbuzovskoye Pad 1 drilling programme successfully completed. •L-10 horizontal well spudded on the West Lineynoye L-8 structural lobe.

Tags: PetroNeft Resources plc