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Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft LSE:PTR London Ordinary Share IE00B0Q82B24 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.45p 2.35p 2.55p 2.45p 2.45p 2.45p 0 07:44:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.6 -5.2 -0.8 - 15.03

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Date Time Title Posts
26/7/201618:19PETRONEFT RESOURCES - Siberian Oil Explorer & Producer30,701
21/5/201600:44Petroneft6,652
13/5/201607:57Petroneft reviewed197
25/2/201619:41PETRONEFT RESOURCES - Undervalued Oil Producer and Explorer498
13/8/201510:45PETRONEFT IRISH EYES ARE SMILING13

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DateSubject
27/7/2016
09:20
Petroneft Daily Update: Petroneft is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PTR. The last closing price for Petroneft was 2.45p.
Petroneft has a 4 week average price of 2.21p and a 12 week average price of 2.10p.
The 1 year high share price is 5p while the 1 year low share price is currently 1.70p.
There are currently 613,479,325 shares in issue and the average daily traded volume is 138,887 shares. The market capitalisation of Petroneft is £15,030,243.46.
13/4/2016
22:30
woodstock17: Kev, from their early statements Natlata expressly stated that the share price had collapsed well before the oil price crash. It reached all time lows (until now) in 2013 when we had oil at well over $100 boe. It then rose in the months before the last EGM specifically driven by Natlata's buying, presumably on hope of a bid. Since there has been no sign of that elusive bid that element of support has collapsed. And you can see the lack of confidence in the company, whoever wins the EGM by the fact that the recent crude price increase has done nothing to the share price. People used to claim (for a short while at least) in 2008 that Russia was somehow decoupled for the world stock market crashes (although it didn't last for long) but perhaps PTR is decoupled from the oil price? Or maybe just with this management team in whom no-one apart from a few loyal diehards here, have any confidence at all. Everyone who could has left. And not sure about your twitter point - can't see virtually any comments by anyone on their twitter feed, so not sure what they haven't responded to.
13/4/2016
21:24
kevjones2: People can vote for whomever they like but how any statement from Natlata can continuously refer to the share price (now specifically mentioning a 68% share price drop) without at least an acknowledgment that the price of oil has crashed, can be taken as anything other than disingenuous, is utterly beyond me. I have seen them totally ignore comments made on their Twitter timeline right from their first statement, asking very politely if they think it's unfair not to mention the price of oil crash being at the very least partially responsible for the share price. Natlata are great are at putting out statements, criticising without pointing out all the factors involved and never, ever suggesting what they would have done differently or what they intend to do in the future. They also do not answer questions. Newsflash Natlata: this ain't Russia. We're entitled to expect answers. You can fool some of the people some of the time....
25/3/2016
11:17
dbarr0n: Not hostile at all.. Yes I could give you the figure off the top of my head but the info is there for everyone to see, and I presume you already knew the answer to your question. If you have a look at the accounts of other companies our size you will see the pay scales to be very similar. As for the share price.. I have previously posted a long list of oil companies whos share price has been affected to the same degree and some worse than Petronefts. I would also suggest that Natlatas involvement here has not helped the share price one bit and would expect the share price to get a nice increase if Natlata gets a NO vote next month. By the way I am not the companys representative ...
24/3/2016
19:36
kevjones2: Skduk, I'm sorry but I don't believe for a second that you opened this discussion for altruistic reasons. I'm not sure why you posted here - possibly research, perhaps bitterness but definitely not for the good of anyone other than your own interests. I say this because I have just had a look at your posting history. If your past posts were genuine you have been terribly unlucky with investments: Mwana, Angel mining and a few other disasters. In fact, from what I can see every single companies discussion board you posted on has been a disaster. Over the years you asked for information on several companies and on the Emed thread you replied to someone's information by saying that perhaps that particular share was too complicated for you. Yet in another post you stated:" I'm am institutional fund manager, but this is not a fund investment. This investmnent represents a portfolio of my personal investments, and the holding is big enough for me to be interested in engaging management." I find it strange that you claimed you couldn't understand a very basic company. You have frequently name-dropped, refer to the 'large' investments you've made and even talk of cash amounts you're looking to invest (£20,000 in one instance). Again, odd behaviour for anyone never mind an alleged institutional fund manager. With regard to Petroneft, I note the details you gave us above. In 2010 or 2011 (can't remember) you made a post on an ADVFN Petroneft discussion board (not sure if it's this one) where you, as politely as ever, bemoan how you just missed out on Ptr doubling its share price and how foolish you had all your money in Vog (yet another disaster). You asked Ptr investors for advice on what OTHER company you should invest in - preferably a start-up oily or mining company. Shortly thereafter you made your second ever post on an ADVFN Ptr board, thanking everyone for their advice. You never mentioned being invested in Ptr. Despite posting on numerous companies' discussion boards and apparently being very open about the size of your investments or whatever, until today you never once posted on a Ptr board other than the two posts I just mentioned. And yet you claim you invested 'considerable' amounts of money in Ptr. Very, very odd. Frankly, I think you're either a researcher or someone with delusions of grandeur. One thing I'm certain of is that you seriously lack credibility. Good luck to you.
24/3/2016
13:53
skduk: In my view, the management have behaved unethically by continuously inserting the clause that any change in management affects the Oil India deal. For those that have worked in companies, I can assure you that management has inserted this clause for their own benefit, that is to protect their jobs and continue drawing salaries, regardless of performance. Such things unfortunately happen in business, and we have this situation here. I believe that management have got used to believing they are worth their salaries and not prepared to let this go. It is very believable that management would have approached Oil India to put this condition in as a way to protect themselves and keep them in jobs for the long term. Natlata should approach Oil India and ask them if they would be willing to work with them, and the answer surprisingly may be a YES. It astounds me that management with comparatively so few shares of their own can behave this way. I would suggest allowing Natlata a chance to oust management as they have now built up a considerable stake and they deserve the right to manage this to get a return on their investment for themselves as well as us. Let's think of it this way: if you had a business stake of around 30% that you built up and management only had a fraction of that and years of underperformance, what would you do? I fear that allowing the status quo to remain in place will only mean we will be back here for another discussion after the share price is much higher* * Much higher? Don't get your hopes up! That be due to the share price falling to sub 1p, and a subsequent share consolidation which management will no doubt try to spin as a positive to enhance the effect of a higher share price and increased liquidity, when in actual fact, such a thing IS ALWAYS DONE TO ENABLE A COMPANY TO FURTHER DILUTE SHAREHOLDERS AS PLACINGS CANNOT TAKE PLACE WHEN A COMPANY'S SHARE PRICE FALLS BELOW PAR VALUE. I truly wish all investors the best of luck here. I was a former investor here when I watched the share price fall from 60p to 15p (invested at 16p, got out at 2.5p, lost a lot!) a while back when Dennis Francis (at a share price of 15p) gave a presentation two weeks prior to a RNS stated that he was confident of hitting the production targets, only for the RNS to reveal the disappointment of failure. I had used that presentation as a decision maker to invest trusting the management, but have since learned that you can only trust RNS statements and not presentations. Heck, with this company, and all their transformative progress promised over the years, you cannot even trust this company's RNSs. Some may accuse me of sour grapes, because of the scale of my loss. There will be those who invested at even higher levels with more substantial losses too. Please accept this commentary for informational purposes only. It is not intended as advice, and is only intended to bring balance to thought in what investors should do, and in my opinion, it is not wise to write of Natlata from the start.
20/1/2016
16:46
seangwhite: Looks like DF did not call the bottom for the PTR share price. with his last purchase. This could be under 2p soon if any reasonable sized seller appears.Hopeless market in E&Ps for now and if the expected Sib increase in reserves is announced now the share price could even slip further on what should be good news.Funny old world.VGLTA
13/1/2015
13:45
rcturner2: Granto, look at the PTR share price chart above. There was a rise to 70p and then a crashing fall afterwards when the problems at Lin were revealed. The production facilities can handle up to 14k bopd a day, does that give you an idea of where they thought they might get to? The fields are poor, the fraccing failed and now they are trying horizontal drilling to try and get some decent production. It's 2 steps forward and 3 steps back here every time.
18/7/2014
12:59
denis black gold: seangwhite......you must hold a massive amount of shares or on the other hand you must envisage some substantial PTR share price appreciation over time if you "hope" that we can all live long enough to retire happy.... Like you i hope it works out well for all. However i wouldn't be putting a down payment on the Harley D just yet.....!!!!! GL2A
21/4/2014
08:43
gavinbell: can anybody check this calculation for farm out PTR (petroneft)? apparently worth between 20-40p and could be more. looking at chart, it seems on recovery now. its in here: hxxp://www.worldstocks.co.uk/forum/viewtopic.php?f=2&t=8388#p81055 excellent news on the farm-out. (see RNS 17 April) licence 61 alone worth at least 21p (potentially 41p + ). licence 67 worth $$m should shale gas/oil being explored, will be worth $$m -------------------------- Licence 61 (which has 117m bbls per the website) - 50% of which has been farm out for total value $85m (ie £51m) - PTR now own 50% of 117m bbls ie 58.5m bbls After farm out, PTR has no DEBT. Previously, all revenues from production were used to pay off monthly debt payment. current production around 2400 bopd, and with DEBT free, all revenues now will go straight to PTR cash balance. (see calculation below) since wells are producing constant at 2400bopd, PTR is generating revenue after oil tax and opex at USD 7.7m per year ie total revenue after oil tax and opex in 20 years, attributable to PTR will be 7.7mx20 = USD 154m this USD 154m (ie GBP 92m) plus the value of farm out (£51m) = 92m+51m = GBP 143m is the value of PTR at the current production rate. even at 2400 bopd currently, PTR valuation of £143m (around 21p) is several multiple of current market cap of PTR of £45m (at share price 6.4p) if we are producing 4000bopd, we would be generating total revenue of USD 288m (around 41p worth). should we able to increase bopd, cash revenue will be much higher than that.see rough calculation below on revenue. its only rough and i have tried to make it as accurate as possible. if not correct, please let me know. also, below only revenue, so still have to take into account overhead and other things. on the flip side, the production will be way much longer than 20 years, depending on the bopd, until the total oil reserves depleted. ------------------------ referring to their sept 2012 presentation page 32 http://petroneft.com/upload/iblock/477/4779fd46957f9fc4f03b4332912e7778.pdf first 2000bopd: revenue per day after oil tax and opex = 16.74x 2000 = 33,480 next 400bopd: revenue per day after oil tax and opex = 23.24x 400 = 9,296 total revenue for the first 2400bopd per day = 33480+9296=USD 42,776 so, per mth = 42,776x30= USD1.283 million so per year = revenue after oil tax and opex = 1.283x12 =USD 15.399m ie value attributable to PTR per year = revenue after oil tax and opex = USD 15.399m x 50% = USD 7.7m if we are producing for at least another 20 years, so, total profit to PTR will be 7.7mx20 = USD 154m revenue after oil tax, and opex. --------------------------- note: the higher oil price, the higher revenue will be generated. the above calculation based on $105 per barrel (and domestic price of 45% of export price) assume production constant at 2400bopd. for additional 100bopd (after 2400bopd), PTR will generate revenue after oil tax, opex and debt, PER YEAR = 23.24x 100 x 360 days x 50%= USD 0.42m --------------------------- scenario 1: if PTR able to increase production to 3000bopd, PTR will generate revenue of = 7.7m+(0.42x6)= USD 10.22m per year if wells are producing for at least another 20 years, total profit to PTR will be 10.22x20= USD 204m revenue after oil tax and opex scenario 2: if PTR able to increase production to 4000bopd, PTR will generate revenue of = 7.7m+(0.42x16)= USD 14.42m per year if wells are producing for at least another 20 years, total profit to PTR will be 14.42x20= USD 288m revenue after oil tax and opex
21/4/2014
01:53
nash81: PTR worth 21p - 41p hxxp://www.worldstocks.co.uk/forum/viewtopic.php?f=2&t=8388#p81055 excellent news on the farm-out. (see RNS 17 April) licence 61 alone worth at least 21p (potentially 41p + ). licence 67 worth $$m should shale gas/oil being explored, will be worth $$m -------------------------- Licence 61 (which has 117m bbls per the website) - 50% of which has been farm out for total value $85m (ie £51m) - PTR now own 50% of 117m bbls ie 58.5m bbls After farm out, PTR has no DEBT. Previously, all revenues from production were used to pay off monthly debt payment. current production around 2400 bopd, and with DEBT free, all revenues now will go straight to PTR cash balance. (see calculation below) since wells are producing constant at 2400bopd, PTR is generating revenue after oil tax and opex at USD 7.7m per year ie total revenue after oil tax and opex in 20 years, attributable to PTR will be 7.7mx20 = USD 154m this USD 154m (ie GBP 92m) plus the value of farm out (£51m) = 92m+51m = GBP 143m is the value of PTR at the current production rate. even at 2400 bopd currently, PTR valuation of £143m (around 21p) is several multiple of current market cap of PTR of £45m (at share price 6.4p) if we are producing 4000bopd, we would be generating total revenue of USD 288m (around 41p worth). should we able to increase bopd, cash revenue will be much higher than that.see rough calculation below on revenue. its only rough and i have tried to make it as accurate as possible. if not correct, please let me know. also, below only revenue, so still have to take into account overhead and other things. on the flip side, the production will be way much longer than 20 years, depending on the bopd, until the total oil reserves depleted. ------------------------ referring to their sept 2012 presentation page 32 (http://petroneft.com/upload/iblock/477/4779fd46957f9fc4f03b4332912e7778.pdf: first 2000bopd: revenue per day after oil tax and opex = 16.74x 2000 = 33,480 next 400bopd: revenue per day after oil tax and opex = 23.24x 400 = 9,296 total revenue for the first 2400bopd per day = 33480+9296=USD 42,776 so, per mth = 42,776x30= USD1.283 million so per year = revenue after oil tax and opex = 1.283x12 =USD 15.399m ie value attributable to PTR per year = revenue after oil tax and opex = USD 15.399m x 50% = USD 7.7m if we are producing for at least another 20 years, so, total profit to PTR will be 7.7mx20 = USD 154m revenue after oil tax, and opex. --------------------------- note: the higher oil price, the higher revenue will be generated. the above calculation based on $105 per barrel (and domestic price of 45% of export price) assume production constant at 2400bopd. for additional 100bopd (after 2400bopd), PTR will generate revenue after oil tax, opex and debt, PER YEAR = 23.24x 100 x 360 days x 50%= USD 0.42m --------------------------- scenario 1: if PTR able to increase production to 3000bopd, PTR will generate revenue of = 7.7m+(0.42x6)= USD 10.22m per year if wells are producing for at least another 20 years, total profit to PTR will be 10.22x20= USD 204m revenue after oil tax and opex scenario 2: if PTR able to increase production to 4000bopd, PTR will generate revenue of = 7.7m+(0.42x16)= USD 14.42m per year if wells are producing for at least another 20 years, total profit to PTR will be 14.42x20= USD 288m revenue after oil tax and opex

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