Petroneft Resources Share Discussion Threads

[spudders] 29/6/2023 16:43

I’m not sure if OIL’s ready to write off its investment in its share of the license just yet. News is imminent imho 🤞🏻

[don777] 29/6/2023 16:23

I am still holding some, pray for magic ?

[chris cat] 29/6/2023 13:44

Still holding, not worth selling now given the value, lost £000s but don't have any Capital Gains profits to offset so will just hold and hope. Same thing happened at TMAN....they never came back.

[spudders] 29/6/2023 13:37

Still hold a few M, it could turn around bwdik 🤷🏼

[loganair] 29/6/2023 12:24

parknas - I've already sold out completely.

[parknas] 29/6/2023 11:52

Has anyone sold out completely, or are you handing on in there?
I sold some today to generate a capital gains lose which was easy to do.
Still have the majority of my share holding.
I suppose tomorrow will be the last day to sell.

[loganair] 15/6/2023 09:34

It seems to me the share price will flat line until delisting on the 03 July.

Any retail share holders may as well sell out and get at least a few quid back even if losing 99% of original investment.

[chris cat] 15/6/2023 08:56

Same thing happened with Timan Oil and Gas about 10 years, a good bit more Russian corruption going on there rather than the bad luck PTR have experienced due to Putin. Must admit I am still seething at the previous board who right royally F@@@ed this up in the past. Real shame as the new team seemed to be on the right track. Another AIM write off chalked up for me.

[don777] 15/6/2023 08:29

I wonder who bought yesterday's one million shares? Even it's only £1000 worth, it's still real money. Or he still believes it?

[loganair] 14/6/2023 11:13

It seems to me reasonable to say if shares suspended 03 July due to not having an auditor PTR shares will not be coming back and will eventually be delisted or Licence 61 being sold for the amount of debt PTR still have = no value left for PTR shareholders.

[don777] 14/6/2023 10:57

Surprised there's no much sales today.

[parknas] 14/6/2023 10:18

Whilst the Company will continue to try to source an auditor in respect of the Company's financial statements for the financial year ended 31 December 2022, the Company will not be able to publish audited accounts for 2022 by the required deadline of the 30 June 2023 under the under AIM and Euronext Growth Rules. The likely consequence is that the Company's ordinary shares will be suspended from trading on 3 July 2023, until such time as the situation can be resolved.

[chassiemodo] 06/6/2023 13:34

Sold my holdings in this share some time ago. Glad I did me think it will be mopped up by a private investor probably an old board member

[loganair] 15/5/2023 08:05

PTR has always been a punt for me, why it is by far my smallest holding in my portfolio with circa 1.5p being my average, highest buying price 3.2p and the lowest 0.65p.

[spudders] 15/5/2023 07:15

Not wanting to throw good money after bad, but PTR are still hanging in there, so could be some short term trading opportunities. Unlikely I’ll ever see my 14p average in the near future ☹️ let’s hope we can salvage something from this situation. GLA 🤞🏻

[loganair] 11/5/2023 16:21

Just think can now buy the whole of the company for a touch over £1.5mln.

[don777] 11/5/2023 15:54

I think it might be an institutional investor doing this way to claim the offset future capital gains, just change shares from one account to another legal entity account.They cannot sell and buy in this kind of volume without share price changing

[loganair] 11/5/2023 15:42

Looks like somebodies just bought circa 12% of Petroneft and that was at a snip, 0.15p compared to a few months ago when the CEO was first reported wishing to buy the assets of the company when the share price was around 8 times higher at 1.3p.

Even though 12% has been bought the share price continues to fall.

[spudders] 11/5/2023 13:03

Big trades now!!!

[loganair] 11/5/2023 10:35

No trades so far today showing up???

[frankeeee] 11/5/2023 10:01

Or is the CEO going to pick them up on the cheap, because of this? It's an unmitigated disaster either way.

[loganair] 11/5/2023 08:07

I wonder if this is being done so the CEO can pick up Petroneft's assets on the cheap.

[spudders] 11/5/2023 07:46

RNS update !

[spudders] 10/5/2023 13:43

Shabs, that’s not how it reads to me!!!