PetroNeft’s main asset is Tungolsky Licence 62, while it also has a 50% share in Ledovy Licence 67 alongside Arawak Energy.
The company has drilled between 30 and 40 exploration and production wells on the combined acreage but has not spudded many wells in the past year.
Natlata, led by Russian industry veteran Maxim Korobov, has forced PetroNeft into calling an extraordinary general meeting in mid-May, where the plight of the current board will be decided.
PetroNeft
