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Petroneft Share Discussion Threads
Showing 39901 to 39925 of 39925 messages
|Petroneft said bopd would double in 2016...it went up by...let's leave it, it's too funny!Natlata are looking like great investors here, not|
|Yeh, Petroneft never mentioned 20,000 bopd.|
|Can't find any reference to 20,000 bopd originating from PTR at the time of or post farm-in. I'm pretty sure they learned the "loose lips sink ships" lesson back in 2011/12. In fact, the only matching figure is the export pipeline max capacity.|
|Steel, if I remember correctly, the bonus was always part of the jv. Oil India mentioned the 20,000 bopd some time afterwards. The following year's AR (as you linked) doesn't mention 2020 targets.
That all said, I'd be delighted with 7,500 bopd at any time. I'd settle for 5,000 bopd at ths stage!|
|Hi steel. I can't open that on my phone. I'll look at it tomorrow. I'm wondering if it precludes 20,000 bopd by 2020, or if just offers the bonus? They're not mutually exclusive.
Edit: managed to wrestle the iPad from my wife - I'll read the links now.|
|Hi Kev - they dropped that the following year (pages 41/2)
Personally, I'd be more than happy if the Sib bonus target is hit:
US$5 million performance bonus, contingent upon gross production from the Sibkrayevskoye Field reaching 7,500 bopd within the next 5 years (2020)
|kev yh it did...was there not a realisation by the bod that, correct me if i am wrong was it tung wells disappointment?!|
|KevJones2 - 11 Jun 2015 - 21:52:39 - 28484 of 31172 PETRONEFT RESOURCES - Siberian Oil Explorer & Producer - PTR
"Interesting mention about Petroneft in Oil India's Annual Report 2014/15 - hTTp://www.oil-india.com/images/Newspics/OIL_Pressrelease%20_AFR_FY2014-15.pdf
I was unable to cut and paste the specific paragraph about Petroneft but if you scroll down the link to near the bottom of section IV you'll see it.
It says that current output is 2,000 bopd and activities are in full swing (or something like that). More relevantly it states that peak output from Licence 61 is expected to be 20,000 bopd in 2020."|
|I wonder if Oil India are still expecting 20,000 bopd by 2020? Nothing's really changed since they said that.|
|From Natlata in March 16 and it's seems the same could be said now!'Maxim Korobov, Natlata's controlling shareholder, said, "The Board of PetroNeft are continuing to refuse to face the facts and recognise that they are to blame for getting the Company into the current poor financial situation. Over the last two years they have spent $45m to end up with half the production accruing to the company and its shareholders. This gross mismanagement has to stop, and it needs to stop right now.' The last twelve months have not seen much change at PTR except the last loan money from OI being spent.VGLTA|
|Steel agree based on the timeline 2017 is a big drilling year...just frustrated with lack on any update atm. Maybe there is nothing but a quarterly bios update and a couple of line on what was done Jan to March and coming up would be great|
|Sent two emails one via website and one direct to a BOD member and no reply to either.VGLTA|
|sean - was that your first, and did you give your real name?|
|Steel - thanks for that and let's hope the drilling get a decent increase in output.No reply to my emails sent to PTR.VGLTA|
|Drilling up to 14 wells in the remainder of this year according to most recent information given. 1 well to refine pad 2 location and up to 13 from pad 1. News of this quite soon I think sean.|
|It is a sad state of affairs when we have the largest shareholder now seemingly acting in the same cavalier manner he so heavily critised the old BOD for. Maxi promised change and dynamism last year in his bid to remove the old BOD but now seems to have fallen under the spell of DF and Co and taken to doing very little, except keep drawing the generous salaries.
Db has been silent for a fair while now so whatever ails the BOD might be contagious.
Without doubt a most disappointing scenario is playing out in front of us.
|Rav - must be quite close to commencement of the Sibkrayevskoye pad 1 drilling programming as indicated in the last presentation.|
|Well could you just imagine Orr releasing the end of March quarterly update soon to state production fell after natural decline and no other progress on M&A...this could be at 2p easily if so imo|
|rav - not known to me, but could be just a hnwi who may have posted on this forum in the past.|
|Lead balloon then...maybe the company should respond that it has no connection to this other PetRoNeft.Steel and spudds I still question Mr Zhai Dummings...who is this investor? Who in their right mind stake builds in this company with little going on?|
|Above article is around 3.1/2 years ago.|
|rav - this came up way back. Different company with no connection to PTR:
GC "PetroNeft" is ready to purchase a bank in the Samara region
The group of companies "PetroNeft" is considering the possibility of buying a bank in the Samara region. Preliminary talks were presumably conducted with the beneficiary of a bank registered in Samara, saminvestor.ru reports citing a source in regional banking circles.
According to another source, consultations were held with the shareholders of at least two banks, but nothing is known about the outcome of the talks.
According to portal experts, its own bank was probably required by GC "PetroNeft" to service its projects in the Samara region. Own bank can allow GC "PetroNeft" to reduce the cost of financing projects, including by refinancing in the Central Bank of the Russian Federation on the security of market assets.
To date, the group has three subsidiaries in the region: Samaratransneft-Terminal LLC, Samaratransneft LLC and Samaraneft-Service LLC. In addition, previously GC "PetroNeft" announced a project for the construction of an oil refinery complex, the first phase of which should be launched this fall.
It is assumed that the new refinery will produce gasoline and diesel fuel of European quality in the amount of up to 2 million tons per year, and the company's turnover will amount to 30-40 billion rubles.
Also, PetroNeft started construction of the Nikolaevka railway station on the bypass railway line Kinel-Bezenchuk, through which the raw materials and products of the refinery will be transported.
Samara is around 1400 miles west of Tomsk.|
|Haha spudds, I remember the day when Dbarron stated here that he/she was in profit when the share price was at an all time low LMAOStill will never change...think Dbarron being quiet just explains he/she's realised you can't polish a...It looks increasingly likely a buyout/a new field will be bought...Natlata don't have the patience for this. They must be sitting on a huge loss atm!Imo, dyor|
|Extract...so is this related to an acquisition?Oil processing in Samara region to grow by 900 thousand tons in 2017 after the launch of PetRoNeft's oil refineryEdited by Rhod Mackenzie / 2017-03-20 01:52:54Oil and Gas Refining Russia Processing Russia Oil and Gas Production and RefiningIn 2016 the enterprises of the Samara region processed 19.7 mln tons of oil. The average oil processing efficiency made up 74%.Full text available to premium subscribers only....any feedback from other bb posters?|
|Enjoying the sun and reminiscing about past investments with the end of financial year nearly upon us,I like to take stock and get my house admin in order. Having held here for many years and been through the worst imo I started to think about Licence auctions which I believe are held in May ? Could PTR be looking to add to their current licences with OILs support. I think there must be plenty of fields up for grabs or Jv's. Best of luck all and remember a profit is only a profit when you sell.👍ӿ95;|