Petroneft Resources Share Discussion Threads

[steelwatch] 04/3/2015 16:40

Can't account for that crude. What did it say?

[crudde99] 04/3/2015 16:30

Hope that the buying continues..!!! My earlier post at 16.17 seems to have vanished..??? Also two other positive posts from unfamiliar names that had posted just prior to me also vanished...??

[dubhgeannain] 04/3/2015 16:18

@Ravin. Maybe an RNS out of hours? An operations update is due anytime now. Although, I can't see it being near as impressive as the previous one which failed to shift the share price

Edit: Or of course it could be just some investors that woke up.

[crudde99] 04/3/2015 16:17

Not really interested in who's doing some buying of the stock..!! I only hope that this is a sign of lots more buying action to come... To be totally honest I don't really know ( all going to plan ) where this stock could go on the upside in the short term, but I think we all would agree that at present levels it certainly is worth holding on tightly to...

[donpatrol] 04/3/2015 16:10

You'd swear the shares were going to run out the way the MMs put up the price

[arab3] 04/3/2015 15:59

so who bought the 500k then ?
own up lol

[donpatrol] 04/3/2015 15:53

Ah ffs the day I go to buy a few...

[ravin146] 04/3/2015 15:49

Dbarron let it out...what is this all about....large after hours buy?

[donpatrol] 04/3/2015 14:44

Been trying to add another 100k with the last while but I can only get them at 4.10p now :(I'll hold out for another hour or so and see do they drop back under the 4p ask again.Ffs theirs naff all traded today so why are they so quick to push up the ask? Surely the free float here must be at least in the region of 3% of the stock. You'd swear they had no more...Ffers

[danny111] 04/3/2015 14:04

Dubh - I remember reading a similar comment, but couldn't recall the author. Just sprang to mind again when I read the Afren news this morning. 😄

[dubhgeannain] 04/3/2015 14:01

No. But horizontal drilling is pushing new boundries:
hxxp://rogtecmagazine.com/lukoil-nizhnevolzhskneft-sets-new-horziontal-drilling-world-record/

[hoper2] 04/3/2015 13:59

Donpatrol

Must admit this seems to have very little - if any - downside at this price. I've been sat on the sidelines over the last few months hoping to get into several oil companies as cheap as possible. This is one of them, one more night to think about it, but I think I'll be in for 200,000 tomorrow if I can get in below 4p.

[dubhgeannain] 04/3/2015 13:25

@Danny11. I made the exact same point re: Afren only a week ago.

[tens machine] 04/3/2015 11:19

i also think this is very undervalued ,but equally unloved .sentiment will change i'm sure

i see myself adding a few more at these levels , current production underpins current share price and then some.
risk /reward is stacked on the upside , downside at 3p against a 7-10p end of year upside


downside is also limited by Natlata Partners adding here also


dyor

[donpatrol] 04/3/2015 11:12

That 100k @ 3.85p buy is mine.Can't get over how oversold this is.I suppose its the times were in but even so this really is undervalued considering their is no debt, production and cash.Maybe its the reduced size of the co. sense the farmout that has taken it off many radars

[danny111] 04/3/2015 10:42

Db - yes, I know we are debt free, just my attempt to add a little humour 😄

Thanks for the breakdown, really doesn't make sense at this level - no monthly debt repayments and the run rate for Operational Costs should also be significantly lower since the Oil deal.

[dbarr0n] 04/3/2015 10:20

Danny ...

We are debt free..
Market cap = £ 26.66 million

Cash, say just $ 5 million = £ 3.25 million
Oil India spend = $ 45 million div 2 = $ 22.5 million = £ 14.65 million
Total = $ 27.5 million or £ 17.9 million

£ 26.66 million market cap less £ 17.9 million = £ 8.76 million

So technically Petronefts half share in both licences 61 & 67 with net reserves of 72 million barrels P2 and net Production of 1225 bopd is being valued by the market at just £ 8.76 million.

Just a hunch, but I think we are undervalued here lol...

[danny111] 04/3/2015 09:46

I see Afren have defaulted on their Bond payment - if only there was a debt-free oil producer out there it would probably be a sound investment! 😄

[tens machine] 03/3/2015 18:15

any one know PTR's cash position here?


looking at half year report $10m , is that correct?

[rockin robin] 03/3/2015 16:53

Offer price increasing slowly.Not shown by the MMs (keen enough to show a down-turn though).Shhhhhhh.No interest here is there....?

[dubhgeannain] 03/3/2015 10:38

Interesting story Steelwatch.

[seangwhite] 03/3/2015 09:13

Anyone think that Natlata could sell out to OI now that certain friendly companies are being invited in to replace Western ones stymied by sanctions.VGLTA