Petroneft Resources GPIM Limited increase holdings beyond 5%

PetroNeft Resources

Petroneft Resources PLC (LON:PTR) have announced that GPIM Limited (the full name of the shareholder being Seguro Nominees Limited) have increased their holding in the company. This has now resulted in the notification theshold being passed. The percentage increased through exercise of a convertible loan which has now been deposited into an account being run on discretion. The resulting situation on the date on which threshold was crossed or reached is now 5.44%.

PetroNeft Resources plc (LON:PTR) is a public company registered in Ireland.

The Company was established to develop oil assets in the Tomsk Oblast in Western Siberia and was admitted to the London AIM and Dublin ESM Markets on 27th September 2006.

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