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
  +0.025p +1.72% 1.475p 1.35p 1.60p 1.475p 1.45p 1.45p 0 08:38:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.8 -3.7 -0.6 - 10.43

Petroneft Share Discussion Threads

Showing 40576 to 40600 of 40600 messages
Chat Pages: 1624  1623  1622  1621  1620  1619  1618  1617  1616  1615  1614  1613  Older
DateSubjectAuthorDiscuss
09/2/2018
08:15
Hopefully a good sign , did a buy order after the 100 k went through ,no stock available electronically.
partner
08/2/2018
19:38
PTR has updated the list today but forgotten to change the date. Daria is as I heard a daughter of Vladimir Shaftelksky, a famous oilman in Tomsk
bandaranike
08/2/2018
18:35
I don't get it as on the Petroneft web site it clearly says Significant Share Holders as at 29 December 2017: Daria Shaftelskaya 11.04% 78,079,986 And the RNS that Petrofneft were notified of the share holding 7 February 2018.
loganair
08/2/2018
18:17
Good work...can you send her a letter and ask here what her agenda is lol...Russian investor...just smells of rats imo.Really wonder what her agenda is...is it a transfer of equity from husband? Natlata selling?!Who is selling?!
ravin146
08/2/2018
18:10
She must know there is good news around th3 corner. Why buy?
filterwest
08/2/2018
15:25
Ms Daria Shaftelskaya maybe? edit: can't find anything much: https://offshoreleaks.icij.org/nodes/12104767 Evidently a wealthy investor!
steelwatch
08/2/2018
08:55
Own up who bought that 250,000 shares. Is there good news coming soon.
filterwest
06/2/2018
19:42
* has not agreed
ravin146
06/2/2018
19:38
Rav it's looks like everyone has lost interest and left the BB just like the actions of those who are supposedly running the Company.
seangwhite
06/2/2018
19:29
Ptr looks like it's in big trouble...still has agreed a drilling programme and it already close to half of the second month of the year.With so many parties now involved, will oil India pull out?
ravin146
29/1/2018
19:20
Steel it's complicated, and you've have explained it very well.I completely get the arrangement. Essentially for putting money in the pot (JV company) interest is due back on the loan/principle investment...so technically it's not a debt
ravin146
29/1/2018
12:01
DF has ben in post for too long and his ner 100% record of under delivering is there for all to see. I am at a loss to explain why there have been no recent efforts to replace him and his long serving mates on the BOD.
seangwhite
29/1/2018
09:30
sean - I can only surmise that, whatever the cost is, it would benefit from increased production!
steelwatch
29/1/2018
06:10
Steel you see to have a better grasp on PTR than most. Any idea of what the BOD cost per barrel from the last accounts?TIA
seangwhite
29/1/2018
01:05
rav - It's complicated. WorldAce is due to begin repayment of the $4m loan in Oct 2019. However, if there is a major change in PTR management, repayment becomes immediate and, if WorldAce can't pay, then the debt must be met by PTR. Then there is the question of the $10m debt financing agreed by OIL to develop Sib which is currently on hold pending the development decision. On the other hand, the $2m bridging loan from Petrogrand to PTR, (not WorldAce), pending a more comprehensive arrangement/deal is needed because interest receivable by PTR from WorldAce has been delayed due to the delay in starting full development of Sib. It's all in the last annual report, but takes quite a bit of head scratching to try fathoming. If you view it on a PC, hold down the ctrl key and tap F (Find) on your keyboard. In the search box that opens at the top of the page, type the word "loan" and you'll get 77 hits which you can search through and read the context for each instance.
steelwatch
27/1/2018
21:23
Steel care to explain how $4m ($2m- 50% ptr) is not ptr's debt?
ravin146
27/1/2018
20:12
DF and the old boys at PTR are very good at selling g off the assets to keep their own pay packages being honoured.Nobody seems to be bothered that PTR never actually produce much after years of spending.
seangwhite
27/1/2018
19:48
rav - that's a loan by OIL to the JV, Worldace: In March 2017 Oil India agreed to provide 100% of the funding required to carry out the agreed work programme at Licence 61 in 2017 by way of a US$4 million shareholder loan to WorldAce. (see the last Interim Report) If you go back to the last Annual Report you will also see: ZERO DEBT PetroNeft is debt free following completion of Licence 61 Farmout. However, the JV, (WorldAce), owes quite a lot to Petroneft going back, and also quite a lot to OIL. That can only be resolved by increasing production substantially through future developments. Obviously developments to date have been somewhat disappointing! The new $2m bridging loan to PTR is the only current debt outstanding by Petroneft.
steelwatch
27/1/2018
18:51
There was another $4m loan I read in the last account or semi annual accounts.Could well have been to joint company so let's say total debt it $4m inc the last one
ravin146
25/1/2018
23:31
rav - $6m? I thought, prior to this $2m, PTR was debt free. Loans from OIL have been exclusively to the JV company and repayable from revenue prior to any distribution to the 50/50 shareholders, OIL and PTR. The RNS on 17 Jan suggests the $2m is a short term bridging loan pending other arrangements as indicated in the Interim Report: 2. Going Concern As described in the 2016 Annual Report PetroNeft is facing a potential funding shortfall in 2018 due to the delay in the commencement of the Sibkrayevskoye oil field development. The effect of this delay is to also delay the commencement of payments to PetroNeft of interest due to it under shareholder loan agreements with WorldAce. The effect of this is that PetroNeft will require additional funding to meet its operating costs during the next 12 months. The Group has analysed its cash flow requirements through to 31 December 2018 in detail. The cash flow includes estimates for a number of key variables including timing of cash flows of expenditure and management of working capital, and the Directors believe that the Group’s cash flow forecasts represent the best estimate of the actual cash flows over the forecast period at the date of approval of the financial statements. The cash flow is stress tested to assess the adverse effect arising from reasonable changes in circumstance. The cash flow projections for the period to 31 December 2018 indicate a potential shortfall of funds by the end of quarter one in 2018. The Company is currently in detailed confidential discussions pursuing several options in order to meet this potential shortfall. These include the potential sale or farmout of Licence 67, short term debt financing from a related corporate entity and the acquisition of producing and non-producing assets in share for share type transactions. The Board believe that the first two options can be completed in a short timeframe. In relation to the latter option, the Company has signed nondisclosure agreements and opened data rooms. The Board is also putting in place cost cutting measures, including significant salary cuts for the Board and management to minimise the potential shortfall. As there are delaying factors, including regulatory requirements, around transferring licences and in a share for share type transaction, the timeframe to close such a successful transaction could be at least six months following binding agreement between the parties. The Board is confident that one of these options will bring a solution. The successful development of S-375 and the potential shortfall in funds represent material uncertainties that may cast significant doubt upon the Group and the Company’s ability to continue as a going concern. Nevertheless, after making enquiries, and considering the uncertainties described above, the Directors are confident that the Group and the Company will have adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing these accounts. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the Group or Company was unable to continue as a going concern.
steelwatch
25/1/2018
21:43
Steel the kin is with ptr and not secured against any particular asset.This is a back door takeover/reverse takeover by Natlata imho.Ptr can't afford to repay $6m loan by this year imo.Bopd income/costs don't cover this.
ravin146
25/1/2018
07:57
I'm a bit disappointed with the share price Sib count still has to come, finance for the year is in place, Arb continues to do well and negotiations are under way which should see the company on a solid footing for some time. Even the PoO has gone up making sentiment towards oilies better. I think 2.8/3p would be a fairer share price prior to Sib bopd.
kevjones2
24/1/2018
21:08
No idea rav, but, if it involves a deal on Licence 67, then OIL doesn't have any say.
steelwatch
24/1/2018
19:52
Does anyone know if OIL India are happy with the new upcoming partners?Will funding be cut?
ravin146
19/1/2018
12:42
PTR remind me of those people who run up massive credit card debts then remortgage the house to pay off the debt, then repeat the cycle again and again.
chris cat
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