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.
PetroNeft Investor Presentation.
The company owns and operates 90% of licence 67 and 50% of license 61, both located within the Tomsk region of Russia which has a long tradition in oil and gas production.
Tomsk itself is located within the major West Siberian Basin which is the largest petroleum basin in the world, covering an area of 2.2 million km². Discovered petroleum volumes are estimated to be over 350 billion barrels oil equivalent (BBOE).