David Sturt

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The company, which operates in the Tomsk Oblast in Russia, said the well has shown virtually no decline since the start of production. File photograph: Getty Images/iStock

Irish oil and gas exploration company PetroNeft said it has seen “encouraging” production from the Cheremshanskoye field, providing it with strong ope(...)

PetroNeft acquired an additional interest in Licence 67 in the Tomsk Oblast, Russian Federation. Photograph: Bloomberg

Oil and gas exploration company PetroNeft said it had converted almost $2.7 million (€2.29 million) of debt to equity under three convertible loan agr(...)

Licence 67 contains two oil fields, Ledovoye and Cheremshanskoye and several exploration prospects.

Irish oil and gas explorer PetroNeft Resources has completed its acquisition of a 40 pre cent stake in a Russian gas well. The company, which operat(...)

David Sturt, chief executive of PetroNeft:  ‘This two-year facility provides additional financing headroom to the company.’ Photograph: Cyril Byrne/The Irish Times

Oil and gas exploration company PetroNeft said it has agreed a new $2.9 million (€2.4 million) convertible loan facility that will give it greater sec(...)

Petroneft, which operates in the Tomsk Oblast, has signed a sales purchase agreement with Belgrave Naftogas in relation to licence 67.

Irish oil and gas explorer Petroneft Resources said on Monday it had finalised a deal to acquire an additional 40 per cent interest in a Russian gas w(...)

Deal is consistent with PetroNeft Resources’ commitment to enhance “shareholder value through boosting production, reserves and revenue”, says chief executive, David Sturt. Photograph: Getty Images/iStock

Irish oil and gas explorer PetroNeft Resources is to acquire an additional 40 per cent interest in a Russian gas well for $2.9 million (€2.4 million).(...)

The new funding  will be used to finance the cost of building an all-season road to connect an important well with the local road network. Photograph: iStock

Irish oil and gas explorer Petroneft Resources has signed a deal which will provide it with up to $1 million (€840,000) to finance a road-building pro(...)

‘It is extremely encouraging to be able to begin seeing the benefits of the field optimisation programmes which started last year,’ said David Sturt, chief executive of Petroneft. Photograph: Cyril Byrne / The Irish Times

Dublin-headquartered oil and gas exploration company Petroneft said production rose in July, as market conditions improved and field optimisation prog(...)

Petroneft chief executive David Sturt (centre) said the company implemented a cost effective operations programme.

Irish oil and gas explorer Petroneft Resources has taken further steps to ensure the viability of its business following the significant impact the co(...)

David Golder, chairman of PetroNeft Resources. Photograph: Cyril Byrne

Irish oil and gas explorer PetroNeft Resources has re-entered a well in Russia and discovered it to be rich in gas. The company, which operates in t(...)

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