Petroneft Resources Share Discussion Threads

[jfreshfield] 01/10/2021 15:09

You can probably find them on aquis on ptr gb LSE

[tom111] 01/10/2021 14:34

Agreed that's a put off.Maybe filling orders.My buy didn't show up this morning or yesterday

[jfreshfield] 01/10/2021 14:24

The spread here is criminal.

[tom111] 01/10/2021 10:14

"I relish the prospect of contacting our shareholders" Report due shortly

[parknas] 01/10/2021 08:36

I'm still keeping the faith, but my knees are giving out from all the praying!.

[jfreshfield] 30/9/2021 21:42

The JV a accounting really makes this difficult. Some things which are of interest. Oil India and Petroneft are looking at debt options to expand L61 activity. L67 has two layers to the Cheremhanskoye field, one tested one currently flowing perfectly. Cash operating costs in L67 are $5.7. Ledovoye is on the radar for development in 67 whilst L61 focus is on Northern hub with three targets. Reserves report nearing completion. Plenty of near term news flow on Cheremhanskoye including drilling contract awards and how they intend to sprite calue. 'The t

[spudders] 30/9/2021 16:43

Hopefully, next news will get us moving on up! Keeping the Faith 😬

[jfreshfield] 30/9/2021 12:26

L67 commentary. There is a secondary area to target. That's the scalable part of the business

[johnswan193] 30/9/2021 12:13

What exactly in the report do you think had led to this?

[jfreshfield] 30/9/2021 11:07

Good recovery in share price now people have seen the report in full.

[jfreshfield] 30/9/2021 09:41

Full report on website

[kevjones2] 30/9/2021 09:37

Somewhat surprised and disappointed at the market reaction although the financials are not as good as expected. Still, with the stated intention being the selling of the company the reserves report is probably the most important thing. I think some of this selling is down to the report not being issued at the "expected" time. People are inclined to take "expected" as a certainty and missing timeframes harks back to old PTR.

Maybe Oil India, who state they are looking for external interests, might buy PTR!!

[bmw30csl] 30/9/2021 09:35

I think selling something works better when you don't advertise that as Plan A and imagine that is what the new messaging is about. I don't think the strategy has changed unless of course there is no interest from buyers!

[johnswan193] 30/9/2021 09:28

Not surprised by the drop. I was hoping to see cash levels higher than they are currently. There seemed to be some near term speculation built into the share price recently. On a more positive note, they say:

Independent reserves report commissioned (Miller and Lents), nearing completion.

This will be a key milestone towards a potential disposal.

I don't think they have any serious ambitions to build the company, but at least they have the option now to plod along and slowly develop assets they have without being distressed and having to sell cheaply to the first interested party. This should achieve the best outcome overall.

David does a good job in communicating all newsflow as positively as possible.

[telegraph1] 30/9/2021 09:09

Keep holding keep the faith

[wiloughby2] 30/9/2021 08:42

Whilst I am an admirer of David Sturts understanding of petroneft's complicated assets I hope we haven't deviated from the disposal strategy that was being pursued. I - like many others- have been here rather too long and would hope for a payday rather than a long slog to the dividend route. Is that the reason for the 5% decline this morning , or is it the disappointment that the asset revaluation isn't here yet ?

[jfreshfield] 30/9/2021 08:39

Morning all. Two things 1) L67 such low opex and now with potential to scale. 90pc owned. 2) cashflow - really required given the level of accounting non cash items that went through. Otherwise, forward looking plans look exciting to me!

[seangwhite] 30/9/2021 08:37

The update was inline with most holders expectations and reserves report will come shortly. The company is going forward operationally and the oil price will give a great boost to finances in Q2. Still holding and pleased with the progress being made on all fronts by the company.

[bmw30csl] 30/9/2021 08:34

Cash operating cost progress is very good to see. If L67 can grow we should see operating cash flow build from here .

[parknas] 30/9/2021 07:13

There is news.

[spudders] 30/9/2021 07:08

RNS out 👍🏻

[kevjones2] 29/9/2021 20:51

News "expected" by end of third quarter so not the end of the world if it's not tomorrow. That said, it is a Thursday and PTR love a Thursday RNS!

Best of luck to everyone if there is news tomorrow.

[parknas] 29/9/2021 17:04

Verso l'alto