- PetroNeft Resources said chief executive Dennis Francis had decided to retire following his recent 70th birthday.

He would remain as a non-executive director and had agreed to assist it on a consulting basis to ensure to ensure a smooth transition for his replacement.

PetroNeft said it had initiated a search for a new CEO.

In the meantime, operations head Karl Johnson would serve as interim CEO with immediate effect.

At 8:24am: [LON:PTR] Petroneft Resources PLC share price was 0p at 1.5p

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