Moneybags

PETRONEFT SHAREHOLDERS SHOULD PREPARE FOR THE WORST


Denis Francis

Denis Francis


THE RESIGNATION last November of the founder of PetroNeft Resources, Denis Francis, was merely another negative development for a company in way over its head and the situation now looks very bleak. It has been losing money since it was formed in 2004, when Francis paid $5m to acquire the 5,000sq km licence over Block... Read more »

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