Petroneft Resources Share Discussion Threads

[gavinbell] 29/4/2014 14:51

PTR largest shareholders (below), if Macquire. athos, francis, sobraliev and Arawak all vote against Natlata, then that's almost a win for PTR. though still have Schroder and Generali who also have large holdings, but I believe they will be voting for PTR as well.

as such, Natlata can only influence small shareholders like us, or Natlata can increase its holdings.



Natlata Partners.........14.61....103,301,536

Macquarie Group..........6.06.....42,855,060
Athos, Ltd...............3.99.....28,201,130
Francis (Dennis Carl)....3.36.....23,760,416
Sobraliev (Ali)..........3.25.....23,014,273
Arawak Energy Ltd........2.89.....20,457,136
................................138,288,015

J & E Davy Holdings......2.82.....19,948,034
Schroder Investment......2.24.....15,850,016
Generali Investments.....1.42.....10,057,143
Allianz Global Investors.1.33......9,383,621

[denis056] 29/4/2014 14:40

Natlata don't have enough support for their pillaging exercise

[gavinbell] 29/4/2014 14:34

will farm out go ahead if one or two directors being removed? I know its meantion in RNS that farm out is "conditional" of bla bla bla, but maybe Oil India able to negotiate?

[adamnw] 29/4/2014 14:08

Isn't Tom Blackwell and EM-comms associated/working with Natlata?

Edit:

Check out the names on www.natlata.com

Must be a co-incidence!

[eric76] 29/4/2014 12:35

exi were headed by investment bankers not oilers thats why I was glad to see them ousted and professional oilmen take over. Don't believe its the same case here is it so wouldn't expect the same positive result with the share price after.

[seangwhite] 29/4/2014 12:24

Steelw

EXI shareholders have not seen the same scale of shareprice devaluaton that PTRs have had to suffer.
Do a five year share price chart for comparison and see.

GLTA

[steelwatch] 29/4/2014 12:17

Exillon Energy plc ("Exillon" or the "Company")

Resignation of five Board Directors

21 March 2014

Exillon (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), announces the resignation of five Board Directors.

David Herbert (Chairman), Mark Martin (CEO), Stuard Detmer (Senior Independent Director), Anne Belveze (Independent Director) and Ezio Bracco (Independent Director) have informed the Company that they intend to resign their positions as Directors of Exillon today. It is expected that, when delivered, the resignations will be effective immediately.

David Herbert (Chairman) said: "We were informed by Exillon's CEO Mark Martin that he was no longer able to exercise practical control over the company's operations and assets without the support of the newly appointed Directors who are nominees of the Rusoil Group. We concluded with great regret that resigning our positions was the only proper course in such circumstances."

Alexander Suchkov (Deputy CEO) and Sergey Koshelenko (Non-Executive Director) remain Board Directors. Their appointment was announced on 21 January 2014. Stuard Detmer, Anne Belveze and Ezio Bracco have all served as Directors of Exillon since its IPO in 2009. David Herbert and Mark Martin have served as Directors since 2011.

The Company's articles require a minimum of three directors. The remaining two directors intend to appoint a new executive director, Pavel Chernienko, to the board immediately upon receipt of the five resignations. Mr. Chernienko is currently the Deputy CEO of Rusoil. The Company will make an announcement when this appointment is made and will subsequently provide the information required under Listing Rule 9.6.13.

Media contact:
Tom Blackwell [e-mail]


Hmmm...

[dbarr0n] 29/4/2014 12:10

corrientes...
Dont know where you got your info from.
There is nothing wrong with the wells that Tomskburneftegaz have drilled and they got paid the going rate for drilling them.

Sean.
It is simple..
The farm out is not going ahead if any of Natlatas proposed directors get elected, OIL want to develop Licence 61 whereas Natlata may have another agenda, OIL don't need to take that risk.

[corrientes] 29/4/2014 11:56

The only way to make them realise directors' jobs are not sinecures, and to remind them that ultimately shareholders control their futures,is to fire a couple of them, particularly the Russian who seems to have made a fortune out of bad drilling.

[seangwhite] 29/4/2014 11:50

Not a bad decision for either side really.
Dont see it affecting the outcome of the EGMs.
Expect the BOD to get by, now they have had a wake up call and have to come to some arrangement with what is by far their biggest shareholder.
Offering seats on the board to Natlata is to my mind only commonsense.

GLTA

[eric76] 29/4/2014 11:30

eric76 doesn't care who's in charge so long as the farmout goes ahead as planned and they get drilling as promised to realise the significant upside potential and near-term developments that are apparently possible.

[steelwatch] 29/4/2014 11:18

..but not Dennis Francis or Paul Dowling it seems.

[katsy] 29/4/2014 11:04

OK dbarr0n stand correct on that one! Production at 2400 it is then.

[katsy] 29/4/2014 11:04

OK dbarr0n stand correct on that one! Production at 2400 it is then.

[spudders] 29/4/2014 10:20

Added another 150k @ 6.2 not showing yet. It's a calculated risk bwdik ;)

[steelwatch] 29/4/2014 09:31

Worse, the riskier Aim Oil & Gas index tumbled 9 per cent, while the Aim All-Share index has roared ahead 16 per cent.

[rcturner2] 29/4/2014 09:27

Junior oils are an example of why the city is bad for private investors:

Charges:
"C" class: 5.25% Initial, 1.75 % Annual
"I" class: 0.5% Initial, 1.25% Annual

[rcturner2] 29/4/2014 09:26

Yes I did, although the wife took the call. She didn't tell them I had sold lol.

[steelwatch] 29/4/2014 09:26

As a result, larger capitalisation, North-American operators focusing in unconventional oil sky-rocketed in value in the last twelve months. By comparison, the AIM Oil & Gas index, a representative sample of 113 smaller, internationally focused companies, is down about 9% in the year to date.

We believe that the impact of shale resources on world supply has been over-estimated and that the re-rating of most shale operators has grossly over-shot the higher levels of reasonable valuation metrics.