StockMarketWire.com - Petroneft widened its H1 pretax loss to $9.7m, from a loss of $6.1m. Revenue totalled $18.6m, from $17.6m.

H1 production was 445,949 barrels of oil, giving an average of 2,464 bopd. Production in the prior same period was 394,652 barrels, or an average of 2,168 bopd.

"The first half of 2013 was a busy period for the Company. Some production issues were resolved leading to more stable production in recent months," said chairman David Golder in a statement.

"Since the Annual General Meeting on 11 September we have continued to make good progress on re-financing the Company and I hope to be able to update shareholders in detail on this point in the coming weeks," he added.


At 8:27am: [LON:PTR] share price was +0.05p at 3.85p



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