Petroneft Resources Share Discussion Threads

[woodpecker25] 04/6/2014 11:05

Considering a re-entry into PTR RCT?

It's almost time for the drillbit to drive PTR's fortunes - which is how it used to be and how it should be!

[steelwatch] 04/6/2014 02:02

sean - I've blown it up a bit and added the link.

RCT - several hundred maybe? Perhaps someone who attended the EGM has a better idea. See #25927

[seangwhite] 03/6/2014 22:30

SteelWhere was that slide copied as it is damn hard to read on a phone!!Let's hope that they meet the objectives on time and within budget.GLTA

[rcturner2] 03/6/2014 21:02

Interesting slide steel.

Any ideas what the target flow rate is from T5 horizontal?

[rockin robin] 03/6/2014 20:56

Dbg,At least they ain't going bust, which is where the share price was heading. Things will take time, but I think, one day at a time, the whole thing will gain momentum. The recent Ukrainian situation could have scuppered the farm-out, the price fell accordingly at the time. The deal went through still.The SH's vote, Natala not being supportive - lots could have gone wrong. It didn't. Each time negative issues looked possible - the price wavered. There ain't much positive sentiment out there..tbh.A few bits of good News, a bit of debt clearance, a few drilling & progress results and we'll be 'away with the Stereo'. Don't you worry...

[steelwatch] 03/6/2014 19:18

Dbg - the forward plan is, presumably, agreed with OIL?

[denis black gold] 03/6/2014 19:05

RR...... They need to start delivering something and soon....!!! I cant see how drilling 5 or 6 new vertical wells resulting in the "same old story" will deliver big results for PTR.....Surely OIL will not settle for "one" drilling rig hoping for a 200 barell a day well, and be content with 50% of that find.... I pray OIL has a better vision for the future than that...???? GL....

[rockin robin] 03/6/2014 07:21

Dgb,PTR looks like a great opportunity atm based on it's recent history. India oil deal should totally change all the issues PTR has had. No money. If PTR starts to deliver big results - the investors will be back....

[seangwhite] 02/6/2014 21:04

Lets see how the horizontal drilling performs for PTR, if succesful PTR will rise if a failure more languishing arround current levels as the current level barely reflects current production and reserves.GLTA

[rockin robin] 02/6/2014 16:25

I can't believe there is so little 'action' here.

[rcturner2] 02/6/2014 15:57

I notice denis056 hasn't posted since the 1st May.

Seems like he was just an Irish shill for PTR who popped up and has now gone again.

[telegraph1] 02/6/2014 12:28

Db do you think that's what the market is waiting on

[dbarr0n] 02/6/2014 10:15

spudders.
The debts will be discharged immediately upon state approval of the farm out.
This should be done in the next few weeks...

[spudders] 01/6/2014 18:55

Once everything has been finalised how long will it take before the debt is repaid in full to McQ and Arawak.

[ravin146] 31/5/2014 13:22

Looks like it will stay in the 5-7p region for a while, unless large buyers come in...regulatory approval is inevitable I assume...all eyes are on the first well results! We require really positive news regarding oil flows, unlike previous years' small gains then average around 2500 bpod for some time. Building momentum on this new strategy working alongside oil India, with no debt, will hopefully improver broker targets and invite more buyers. Things are looking up...let hope it's a similar story like Caza oil!

[telegraph1] 30/5/2014 12:18

Expecting regulatory approval soon hopefully will get a bounce in the price when the money arrives

[telegraph1] 30/5/2014 12:18

Expecting regulatory approval soon hopefully will get a bounce in the price when the money arrives

[seangwhite] 28/5/2014 16:05

oilretire, I do not think that outfit is them , and the C E C Ltd as named in the RNS is not a UK entity registered (at Companies House).

The plot thickens but nothing much will happen till after PTR start to drill and produce more oil.

Hopeful for a good year end especially if the horizontal drilling works.

GLTA

[spudders] 28/5/2014 13:57

Cheers oilretire, once we have the rubber stamp things may hot up, but then again this is PTR. Best of luck ;)

[oilretire] 28/5/2014 12:37

This is them I guess? And their oil & gas section.......

[spudders] 28/5/2014 12:23

Just done a quick google, I have not found a website. Let's hope it's not another Natlata.

[currypasty] 28/5/2014 12:17

so they must have bought at least 2.8 mil recently if they were previously just under the 3%

[man1] 28/5/2014 11:57

Well atLeast it's helping to maintain the current share price at the moment . So hopefully any decent good news will create a upward spike .

[eltonyio] 28/5/2014 11:49

New holdings RNS posted:

Wed, 28th May 2014 11:25

RNS Number : 2275I
Petroneft Resources PLC
28 May 2014

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Holding(s) in Company

PetroNeft received notification on 28 May 2014 from Ceres Environmental Consultants Limited that it holds an aggregate interest in 23,975,066 ordinary shares of €0.01 each which represents 3.39%* of the issued share capital of PetroNeft.

* This percentage shareholding is based on a shares in issue figure of 707,245,906 ordinary shares.

Contacts
Paul Dowling, CFO, PetroNeft Resources plc
[phone]

End