Petroneft Resources Share Discussion Threads

[telegraph1] 21/12/2021 08:16

Seems really good news to me reputable report value in this field for sure

[telegraph1] 21/12/2021 08:16

Seems really good news to me reputable report value in this field for sure

[jfreshfield] 21/12/2021 07:24

How I read this. NPV 10 of over >$500m on P10. Doesn't include huge Emtorskaya upside which has a 50pc geological chance of success. L67 upside not reflected in full. Other assets more or less where you expect them to be. Very encouraging. £30m market cap!!!

[spudders] 21/12/2021 07:08

NEWS OUT !

[chris cat] 20/12/2021 13:35

Cheers Kev, I'll take a listen

[kevjones2] 20/12/2021 13:07

I put a link up, Chris. It's worth listening to all of it but the last 15 minutes sums up the reserves report delay and David Sturt's positivity:

[chris cat] 20/12/2021 11:25

Thanks boys, Haven't listened to the presentation yet but will do over festive break.

[griffin63] 20/12/2021 11:14

Absolutely Jf,it's a magnificent boost reading the plans they have.
I feel the value of 67 has risen many fold with the programme of Wells they have planned.
Tender out for one pad which can hold 24 wells.
Horizontal=1200
Vertical=500
If only one of each is successful,well you do the math.
Someone will be throwing money at it and I wonder if the reserve report is to underpin the finance.
BWTFDIK haha,seems I was wrong about Zoltav but maybe they were priced out of it!

[jfreshfield] 20/12/2021 10:53

15p would work. Look I don't know if anyone listened in to the presentation but it reiterated both the opportunity and also the operational success the team have had. The company now has three serious people on board, David. Alastair and Eskil. Structurally you can see how capex demand is there but supply isn't for new so being in an oiler which is profitable with low cost ability to grow production is where you get real leverage now on oil price moves. So they think they can replicate their fracking success - fantastic. David mentions expanding the program from 5 wells to more. All accretive you would think. Then A re enter on L62 plus Cheremhanskoye success this could easily be £200m market cap.

[chris cat] 20/12/2021 10:48

Breakeven!!!.... for me is 15p....I'd rip your hand off for that right now.

[jfreshfield] 20/12/2021 10:37

Guys. If you look at the presentation look at what they thinks Cheremhanskoye alone can produce on each vertical and horizontal well. 5p on that asset alone

[telegraph1] 20/12/2021 10:32

Spudders do you really think 5 p would be a struggle it’s bound to be worth more than that I really don’t have a clue but 5 p a share seems worthless for the sheer size of that licence and the potential for its future with proper investment hopefully we’ll all get out this year with a break even price I would be happy with that

[spudders] 19/12/2021 15:07

A year ago, David Sturt stated that management don’t want to sell the company “ on the cheap” well I’m hoping he doesn’t let us long suffering holders down! At these levels with a premium 5p will be a struggle even with a stellar reserves report. Interesting times ahead

[jfreshfield] 18/12/2021 12:30

Some good highlights on twitter this morning

[seangwhite] 18/12/2021 11:49

QQ1122112A2 nhC008p8q and d1w

[kevjones2] 17/12/2021 15:05

An excellent presentation throughout. Nitty-gritty re reserves report delay and David Sturt suggesting a good newsflow to come from 47 minutes to 63 minutes (ends). Well worth a listen:

[jfreshfield] 17/12/2021 12:26

Reserves report early next wk

[jfreshfield] 17/12/2021 12:26

Looks like fracking programme being considered for extension also. Re entering old wells in L61 too

[chris cat] 17/12/2021 11:45

Thanks lads, any timescale on L67 development

[jfreshfield] 17/12/2021 11:37

Listening in also. Fabulous slide on Licence 67 development plan. Estimating initial production rates of 500BOPD on vertical wells, 1,250 on a horizontal

[johnswan193] 17/12/2021 11:22

Reserves report to be released early next week. They referred to the credibility of the report auditor, so that indicates to me we are in for a positive outcome.

David Sturt is very good to listen to.

Production is down in Q4 due to winter roads preventing access to remote wells. Expected to pick up again considerably in new year.

[seangwhite] 16/12/2021 18:29

Same to you and all holders who must hope that 22 is a rerun of the PTR share price increase in the first half of 21

[jfreshfield] 16/12/2021 16:50

Absolutely. All the best parknas. I have absolutely faith in David and the team, I'm intrigued to know what has held things up though!

[parknas] 16/12/2021 14:23

What ever happens tomorrow,
good, bad or indifferent,
keep safe and have a Happy Christmas.

[fillipe] 16/12/2021 12:26

I took a decent lump of PTR this morning, although the trade isn't showing.

f