Petroneft Resources Share Discussion Threads

[dbarr0n] 13/10/2014 11:36

steel....
correct, So far the sanctions have had no impact to Petronefts operations.
Halliburton may be advising on the horizontal section of T-5, cant say whether they are or not but it was not the name given at the AGM.

[steelwatch] 13/10/2014 01:00

"What the sanctions didn’t do was touch the many existing conventional oil-drilling operations run by Western companies in Russia."



Halliburton was cited as advising on the horizontal section. As this is "conventional" oil, no reason to suppose any enforced change of plan as far as I can see?

[seangwhite] 12/10/2014 23:12

Who is the company DbTIA

[dbarr0n] 12/10/2014 21:15

sean....
Yes we still have a specialist looking after the horizontal section.

[seangwhite] 12/10/2014 20:40

DbWho is overseeing or actually carrying out the horizontal section of T5.I thought there was to have been some specialist imput (US or otherwise) is that still the planTIAVGLTA

[dbarr0n] 12/10/2014 20:10

ravin ..
Since the vertical hole has taken a little longer than expected to drill and presuming we get the results of this on Tuesday you would have to conclude that the horizontal results will come around mid November.

On one hand you want regular updates and on the other you don't ?...............

[ravin146] 12/10/2014 12:58

Oh ok. That is a odd stock as that is where you'd want ptr to be in 1-2 years time, but something is certainly keeping the share price in a similar pattern to ptr's history. If recommend everyone to look at their monthly rns's...monthly production updates on each well at the same day each month. That's what we need. I question why these sorts of questions or anger is not pointed at the management during agm's! By this rate we are better off waiting for the full t-5 results expected at the end of this month!

[seangwhite] 11/10/2014 01:51

DBThanks for a useful postStrange that PTR held its share price todayLet's hope for a T/O soon;!!!

[spudders] 10/10/2014 20:33

Ravin, not there myself, just keep a eye on their progress. I have enough oilers to keep me awake at night DGO, AMER and a big crock of 💩 SLE from the IOG days. Taken a small position in housebuilders as they should do well if we get a Santa rally. Best of Luck

[ravin146] 10/10/2014 18:38

Just had a look at wouldn't touch EXI, though they are on a different scale on production figures, compared to Ptr, clearly there is something suppressing the share price there, even with rising production figures and profit?! Spudder any reason why you are there?

[spudders] 10/10/2014 17:32

Tough market, look at EXI. Keep the faith all 💂

[dbarr0n] 10/10/2014 17:01

crudde..
Have a look at page 17 below where they give a discounted @ 10% NPV per p2 barrel of $ 4.68 at an oil price of $ 80 export and $ 38 domestic.

[crudde99] 10/10/2014 16:28

Ta DbarrOn..... Lets hope for some good news soon..!!

[dbarr0n] 10/10/2014 15:53

crudde.. I am not at all concerned, oil prices go up and down and rarely stay down long term.
anyway say a 20% drop in oil prices equates to a couple of dollars in the bottom line so does not make as big a difference as people think..

[bmw30csl] 10/10/2014 15:29

I wonder how much of PTRs cost base is in Rubles?

[crudde99] 10/10/2014 13:59

DbarrOn......Are you not at all concerned re. the continued slide in worldwide oil prices..?? How could this retreat in world oil price "if protracted" affect PTRs Siberian / Russian hopes and plans going forward.??

[dbarr0n] 10/10/2014 13:04

The results from the vertical section of T5 are not all thats to look forward to...

This is the line up as I see it,

Tuesday; Results of vertical well Tungolskoye T5

Mid October; Results of production well Arbuzovskoye 106

Early November; Results of horizontal well Tungolskoye T5

Mid November; Results of Arbuzovskoye 9S well

Mid December; Results of Arbuzovskoye location C well (107)

Late December; Reserves report on licence 67

January 2015; Spud Sibkrayevskoye S373 well

Late January 2015; Start building Tungolskoye pipeline

Feb/March 2015; Results of Sibkrayevskoye S373 well

March/April 2015; Start production well drilling on Tungolskoye.

[seangwhite] 10/10/2014 11:35

If they report T5 on Monday it will not matter much as the markets are in turmoil and so if bad we will take a hit on the SP, if ok it might still go down.

Lets hope someone is forward looking and puts in a cheeky bid like 8p! this would put us all out of our misery.

VGLTA

[rcturner2] 10/10/2014 09:51

Good luck all with the T5 result, that must be any day now.

[thetoonarmy2] 10/10/2014 08:27

Kev. You are right Chamberlain not Churchill! Who really cares its history as they say I'm more interested in where PTR is going than a history lesson than watching a spat between you & RCT. anyway as I said I would rather see dbaRR0n's thoughts on what is happening. (note to self extra history homework & 500 lines of Chameberlain not Churchill) :)

[crudde99] 09/10/2014 20:33

HEY steelwatch..... WOW..... Denis black gold, talk about a blast from the past. What ever became of that poor sod...... Any ideas..?? Hmmmmmmm ! GL2U..

[j284] 09/10/2014 20:12

If the board are consistent with previous material RNSs then we should get pretty good news at about 4.21pm tomorrow so by monday it can all be forgotten about. Remember the Oil India announcement?

[rcturner2] 09/10/2014 19:02

I have never even been on the LSE site let alone posted on it.