공시 • Jun 15
Pavel Tetyakov completed the acquisition of Lineynoye LLC from PetroNeft Resources plc (ISE:P8ET) and Belgrave Naftogas BV. Pavel Tetyakov entered into a non-binding conditional Heads of Terms to acquire Lineynoye LLC from PetroNeft Resources plc (ISE:P8ET) and Belgrave Naftogas BV for RUB 210 million on June 14, 2023. Pavel Tetyakov entered into a agreement to acquire Lineynoye LLC from PetroNeft Resources plc (ISE:P8ET) and Belgrave Naftogas BV on August 1, 2023. PetroNeft owns 90% of Lineynoye with the remaining equity being owned by Belgrave Naftogas. The Proposed Disposal is subject, inter alia, to the execution of a formal binding sales and purchase agreement. If agreed, the Proposed Disposal would be subject to all applicable corporate and government approvals, as well as approval of independent shareholders of the Company under AIM and Euronext Growth Rules. As of September 18, 2023, PetroNeft announced notice of an Extraordinary General Meeting ('EGM') where a resolution will be put before shareholders to approve the proposed disposal of PetroNeft's Russian business and assets. Brian Garrahy and Ciara O'Mongain of Davy Corporate Finance Limited acted as financial advisors to the independent directors of PetroNeft Resources. As on October 12, 2023, Shareholders of the PetroNeft Resources agreed on the sale. The Expected Completion of the Proposed Disposal will be on November 30, 2023.
Pavel Tetyakov completed the acquisition of Lineynoye LLC from PetroNeft Resources plc (ISE:P8ET) and Belgrave Naftogas BV for RUB 210 million on June 14, 2024, which is an estimated completion date. 공시 • Dec 22
The Admission of PetroNeft Resources plc's Ordinary Shares to Trading on AIM and Euronext Growth to Be Cancelled on or Around 2 January 2024 On 14 June 2023, and subsequently, on 1 August 2023, PetroNeft Resources plc announced that it had reached agreement for the sale of its Russian business interests to Pavel Tetyakov, CEO of PetroNeft. Shareholders approved the disposal of the Company's Russian business interests to Pavel Tetyakov, CEO of PetroNeft at the EGM on 12 October. Whilst all agreements are finalised, the Company still awaits final approval from the Russian government committee to enable the transaction to proceed. The Company had originally hoped that the sale of its Russian assets would occur in sufficient time to provide capital and time to source an auditor in respect of the Company's financial statements for the financial year ended 31st December 2022. However due to ongoing delays regarding the completion, the Company has been unable to secure the services of an auditor and it is therefore with regret that the Company will be unable to publish the 2022 Annual Report by 31 December 2023. Consequently, the admission of the Company's ordinary shares to trading on AIM and Euronext Growth will be cancelled on or around 2 January 2024. The Board and Management will continue to work to close the disposal of the Company's Russian assets in a timely fashion. Following closing of the sale, the proceeds will be used for full and final settlement of loan amounts outstanding pursuant to updated loan agreements, and the residual funds will be used to settle trade creditors and remaining staff salaries. Once payables have been satisfied, the Board will seek shareholder approval to close the Company through an orderly wind up. 공시 • Jun 15
Pavel Tetyakov entered into a non-binding conditional Heads of Terms to acquire LLc Lineynoye from PetroNeft Resources plc (ISE:P8ET) and Belgrave Naftogas BV for RUB 210 million. Pavel Tetyakov entered into a non-binding conditional Heads of Terms to acquire LLc Lineynoye from PetroNeft Resources plc (ISE:P8ET) and Belgrave Naftogas BV for RUB 210 million on June 14, 2023. PetroNeft owns 90% of Lineynoye with the remaining equity being owned by Belgrave Naftogas. The Proposed Disposal is subject, inter alia, to the execution of a formal binding sales and purchase agreement. If agreed, the Proposed Disposal would be subject to all applicable corporate and government approvals, as well as approval of independent shareholders of the Company under AIM and Euronext Growth Rules. Brian Garrahy and Ciara O'Mongain of Davy Corporate Finance Limited acted as financial advisors to the independent directors of PetroNeft Resources. Buying Opportunity • Mar 06
Now 27% undervalued Over the last 90 days, the stock is up 50%. The fair value is estimated to be UK£0.0062, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 37%. Buying Opportunity • Feb 16
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be UK£0.0075, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 37%. 공시 • Feb 14
PetroNeft Resources Receives EoI for Russian Assets Further to the announcement by the Company on 25th November 2022 of the start of a strategic asset review, PetroNeft Resources plc (ISE:P8ET) now announced that the Company has received an expression of interest from Pavel Tetyakov (CEO of PetroNeft), that may or may not lead to an offer being made to acquire the Company's Russian assets. The Company has now constituted an independent committee, to review any offers and to consider all other viable options. It will seek an independent assessment of the fairness of any offer as part of its due process. The members of the committee will include, Mr. Sacca, Mr. Jersing, Mr. Sturt and Miss Shaftelskaya. Any sale of the Russian assets would be conditional on shareholder and other applicable regulatory approvals. There can be no certainty that a sale will take place. The Company will make further announcements in due course. 
