Investors turn up heat on PetroNeft Resources and Petroceltic
PetroNeft is holding an egm, convened by Natlata, on April 18 at which shareholders will vote on a number of resolutions including the removal of four current directors of the Irish firm.
PetroNeft’s management and two leading shareholder advisory firms — ISS and Glass Lewis — have urged investors to oppose the motions. PetroNeft recently agreed a deal with partner company Oil India to fund the ongoing development of its Licence 61 asset in Siberia.
