Petroneft Resources Plc reported oil production results at License 61 for the fourth quarter and full year of 2016. For the quarter, the company's total gross production was 255,068 against 305,126 for the third quarter of 2016. Gross bopd was 2,772 against 3,317 for the third quarter of 2016. Petroneft 50% share bopd was 1,386 against 1,658 for the third quarter of 2016. For the year, the company's total gross production was 990,887 against 737,655 last year. Gross bopd was 2,707 against 2,021 last year. Petroneft 50% share bopd was 1,354 against 1,010 last year. Average production at License 61 rose by 35% during 2016.