Petroneft Resources Share Discussion Threads

[granto2] 10/11/2014 15:59

The H T-5 well is expected to flow 400bopd. that is higher than I estimated. GLA>

[granto2] 10/11/2014 15:35

thought we would have had news by now/

[crudde99] 10/11/2014 15:10

Not to long ago PTR raced to what...60p to 70p...?? even allowing for the fact that there are now twice the amount of shares in issue if the drilling campaign goes well and we are not taken out on the cheap you couldn't rule out 50% of PTRs all time high over a few years.....or could you...???

[seangwhite] 10/11/2014 14:52

Well hopefully we get the results from Arb and T5 in before this month ends and as guided by our dear BOD.
Once these are in it will shed some light on how the company is to move forward.Horizontal driling that actually works well could quickly change the finances and outlook on PTR, but 20p as Db mentions is really like pie in the sky for this year.

VGLTA

[granto2] 10/11/2014 14:15

toonarmy. they told me the same, the word 'monitoring' is the one they are currently using. 12 to 15 …..sweet !!!!

[thetoonarmy2] 10/11/2014 13:12

granto2. Natlatla have said to me that they will not disturb anything certainly up to end Nov suppose they are waiting to see the results, the Oil India mob maybe happier dealing with the likes of Natlatla than the BOD of PTR, believe it an offer circa 12/15p would take this out.

[granto2] 10/11/2014 10:43

Natlata can not be excluded based on the presumption that they would want full control. They may have no issue with Oil India being the main operator or to assume the role the JV junior partner. But, I think Natlata are unlikely to move too quickly at this juncture. as for the price. It's hard for me to see anything less than 9c being considered given MGT's financial strength at the moment. At the same time I see it hard to see them being offered much more than 9c in this current economic climate. here's hoping.

[ravin146] 10/11/2014 07:16

Back from a short break looks so no news yet, but a big trade to note...dbarron I don't think 20p+ is realistic atm...looking at best 10-15p. I doubt this will happen, let's not get carried away here lol...needs a lot more news to get in that scenario. We are still waiting for results! Gla

[dbarr0n] 09/11/2014 23:41

sean...
You need not worry, because it aint going to happen, by the way I would turn it down.

[seangwhite] 09/11/2014 22:32

DbI would really like to see a take out at 20p but I cannot see anyone turning down 10p from Natlata if the offer came this year or early nextVGLTA

[dbarr0n] 08/11/2014 20:38

If a bid were to come I doubt it would be from Natlata as they would want control and they wouldn't get it because Oil India have a clause if there were to be a major change in management they have the right to take over control of operations.
Anyway to answer the question I would guess 20p + because that is the potential share price in the short term if the current drilling goes to plan.

[seangwhite] 07/11/2014 20:50

CrudAsking that sort of question implies the agreement with Oil India would be happy with a change of controlVGLTA

[crudde99] 07/11/2014 19:43

Giving PTRs possible potential and its new drilling campaign now underway i wonder if a bid for the Co. were to materialize what amount would it need to be in order to have any chance of been accepted by the board and current shareholders...????

[granto2] 07/11/2014 16:37

Carlo, Natlata remain committed to Petroneft and are monitoring progress closely. Regardless of shareholdings, it is important that the board remain focused on their objectives and every shareholder holds some responsibility to that. I can not say if Natlata have increased its shareholding.

[carlo sartori] 07/11/2014 15:57

The question is, are they the buyers?

[granto2] 07/11/2014 15:22

share trades. I spoke to Natlata in Moscow, I can say they are not the sellers.

[seangwhite] 07/11/2014 12:43

Db

Any views on the recent large share trades whcih to date have had no holding RNS regarding movement in reportable holdings.

Ah well next week for Arb news.

VGLTA

[dbarr0n] 07/11/2014 10:48

Granto.
I don't believe staffing costs for the field will be much different whether they use vertical or horizontal wells.
The issues at Lineynoye pad 2 have no bearing on this field, every field is different and will give different results..

[granto2] 07/11/2014 09:33

DbarrOn
= H wells don"t just make money underground, but overground as well, the simple reason is because you need a smaller crew to man and maintain one H well compared to four or five V wells. surely you agree with that.
as for water issues - Lineynoye ? I understand there was lots of water cut there

[telegraph1] 06/11/2014 21:48

Hope fully some good news tomorrow

[steelwatch] 06/11/2014 18:18

Petroneft will be presenting at the 69th Oilbarrel Conference

Tuesday, 2 December 2014 from 09:00 to 13:00 (GMT)



Free to register and attend for anyone interested. Unable to go personally, so will have to wait for the webcast.

[seangwhite] 06/11/2014 15:48

The previous 13m share buy and this 17m one mean that close on 5% of the company shares have changed hands in a few days, something is going on anyone care to guess at what -

Natlata moving on or in deeper?

VGLTA

[surfer2] 06/11/2014 15:31

it ticked up...buy?

[rockin robin] 06/11/2014 15:24

Lol. 17m trade.