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Petroneft - lifts restrictions on Natlata

By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 7 April 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Well, at least this part of the AIM- and Dublin ESM-listed Petroneft (PTR) soap opera won't end up in the hands of the lawyers - not for now at any rate. (Almost) 30% shareholder, Natlata - which has requisitioned a sack-the-board EGM - has had the restriction notice served upon it lifted by the company. We await news of the second restriction notice which was served upon General Interest Overseas S.A. which held a further 10.7%.


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