Irish explorer Petroneft Resources has said that progress on its refinancing and farm-out plans has proved slower than expected, but that work is continuing on both fronts.

Petroneft Resources — the Irish explorer with a specific operational focus on Siberia — is planning to re-commence drilling activity “later this year“, depending on successful outcomes of current debt re-financing talks and farm-out discussions.

Petroneft Resources — the Irish exploration company with a focus on the Russian market — has successfully raised $17.25m (€13.3m) via a share placing with institutional and other investors.

The oil firm PetroNeft Resources has provided an update of its operations in Russia which show that one of its wells has a flow rate of 540 barrels of oil per day (bopd).

Irish exploration company Petroneft Resources has entered talks with interested parties regarding the farm-out of an equity stake in one of its producing licences in the Russian region of Tomsk.

Shares in Irish exploration company Petroneft fell nearly 40% yesterday on the back of the firm reporting a significantly lower than expected production rate.

PETRONEFT has reported its first pre-tax profit, adding that recent exploration success could boost group reserves by at least 50%.

IRISH exploration company, Petroneft has announced its largest single oil find to date — which could net 30 million barrels of oil in total — via the discovery of a field at one of its existing licences in Russia.

CONNEMARA Mining — the Irish AIM-listed zinc explorer — is set to announce a joint venture partnership, with an as yet unnamed company, to further develop its Lough Sheelin asset block, in the coming week.

IRISH exploration company, Petroneft has reported a full-year loss for 2010 of $7.12 million (just under €5m); up on the previous year’s loss of $6.5m.

Irish oil and gas exploration and production company Petroneft has today announced a 36.8% increase in assessed reserves.

IRISH oil and gas exploration company, Petroneft, has raised $43 million (€31.2m), via its second successful share placing in a little over 12 months.

IRISH oil and gas exploration company Petroneft, which owns two licences in the Russian state of Tomsk has announced the start of year-round oil production in the region marginally ahead of schedule.

Petroneft has achieved their target of first oil production in recent days at their license in the Russian Federation.

PETRONEFT — the Irish oil and gas exploration company with a focus on the Russian market — has brought forward to August the expected date for the commencement of production from its two licences in the region.

Irish-based exploration company Petroneft is to begin pumping oil from two fields in Western Siberia before the end of the year.

DUBLIN-headquartered oil and gas exploration firm Petroneft Resources managed to cut its losses by $1.4 million (€1.13m) in 2009, according to its latest set of annual results.

PetroNeft Resources has today announced that it has signed an Initial US$5m (€3.7m) debt facility with Macquarie Bank Limited.

Irish-based energy company PetroNeft Resources plc has today issued an update on its operations in Russia.

IRISH oil and exploration company, Petroneft has posted a retained loss for the first six months of this year of $532,626 (€422,149).