The point I was trying to make that with a large shareholder who was trying to take control of the company sitting with such a large percentage it seems to me that it can only pan out in either of the ways I outlined. For Natlata to buy more shares (as they stated) they have the problem of going over holdings which trigger a full bid.
I cannot really see them sitting by while the company... read more...|
|Fri 09:28||granto2||as for Natlata, Oil India has been game changer for them, and they seem content to sit back and see how the management perform. read more...|
|Thu 09:56||woodpecker25||I predict the SP will go up if the next RNS is positive, but will go down if the next RNS is negative.
|Wed 09:36||granto2||of course not, I asked for the time not for the result. nothing sensitive about that. I do it all the time and companies always reply. read more...|
|Wed 09:03||granto2||I emailed PTR a few days ago asking when might we expect results from the current drills and tests. i.e. the RNS. I have not received a reply as of yet. read more...|
|18 Nov 2014||steelwatch||ravin - we go round in circles, Db already answered that.
14 October: The process is expected to take approximately 3 to 4 weeks, after which the horizontal section of the well will be tested.
So they should be preparing to test, or already testing, now. Maybe they want to shift the rig first. Who knows? read more...|
|18 Nov 2014||seangwhite||Steel
The shares issued in 2008 were placed at 25p and the RNS at the time stated
'Current projections for the first two fields, Lineynoye and West Lineynoye, estimate initial production rates of 4,000 barrels of oil
per day in 2009, rising to 14,000 barrels of oil per day in 2012.'
We all know what really transpired and it was in no way only caused by the financial crash of 2008.The BOD as... read more...|
|17 Nov 2014||seangwhite||SpuddersIt is arguable that without Natlata buying spree we would be a lot lower in terms of the SP at present.Sadly our long serving BOD have not got a large stake in PTR when compared to newboys in the shape of Natlata's holding. Unless DF &Co prove up their new development plans fairly fast there will be I think moves to have a change at the top and I cannot see OilIndia being too concerned... read more...|
|17 Nov 2014||seangwhite||I agree with that Steel but the actual BOD performance is tied in my mind to the SP and on that metric the activity level is fairly low to say the leastVGLTA read more...|
|17 Nov 2014||granto2||lets hope they are so busy coping with the volcanic explosion of oil they can't possibly let anyone know about it read more...|