The London- and Dublin-listed player is atthe centre of a wrangle that has seen its largest shareholder call for the headof management following disappointing drilling and production results at itscore play in Western Siberia.
PetroNeft’s main asset is Tungolsky Licence62 in Tomsk Oblast, while it also has a 50% share in Ledovy Licence 67 in thesame region alongside Arawak Energy. The company has drilled between 30 and 40exploration and production wells on the combined acreage but has not spuddedmany wells in the past year or so as its finances have been squeezed.
Board
