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PetroNeft Resources PLC - oil and gas exploration and production company focused on Russia - Receives an expression of interest from Chief Executive Pavel Tetyakov that may lead to an offer being made to acquire the company’s Russian assets. PetroNeft says it now has an independent committee to review any offers and consider all viable options. Adds that the sale of any Russian assets would be conditional on shareholder and regulatory approvals. Says there is no certainty that a sale will take place.
Current stock price: 1.12 pence, up sharply from 0.45p on Thursday
12-month change: down 65%
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