PetroNeft looking at longer sale process

Geoff Percival PetroNeft Resources, the Irish oil and gas exploration company, is looking to significantly boost the value of its chief assets this year, ahead of a probable sale of the company at some point.

PetroNeft Resources, the Irish oil and gas exploration company, is looking to significantly boost the value of its chief assets this year, ahead of a probable sale of the company at some point.

The company, which is solely focused on two licences in the Siberian region of Tomsk, has effectively been up for sale for more than a year as it looks to return some value to shareholders.