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PTR Petroneft Resources Plc

0.085
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft Resources Plc LSE:PTR London Ordinary Share IE00B0Q82B24 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.085 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Petroneft Resources Share Discussion Threads

Showing 39026 to 39050 of 47275 messages
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DateSubjectAuthorDiscuss
25/7/2014
11:22
For once, being Irish registered may help avoid counter action. Russians empathise with the 1916 uprising et al.
steelwatch
25/7/2014
10:31
Article in Telegraph yesterday:
rcturner2
25/7/2014
10:15
Thanks for the info steel.

Sadly it looks like any 'good' news PTR may put out in the next few months will come under the radar as the Russian situation at present and will put a dampner on things.

seangwhite
24/7/2014
23:10
sean - only drilling a 300m horizontal section. The plan is to drill, core and test the vertical pilot well and then cut an aperture in the casing to repeat the procedure with the horizontal. As far as I can see, this is to determine the optimal development plan for the field, i.e. whether to proceed with something like 38 conventional wells, or a mixture of seven horizontal wells and 8 verticals. It is not clear to me whether T5 will be fracced,though I suspect it will.
steelwatch
24/7/2014
21:11
Anyone know if PTR is using a similar system for the horizontal portion of T5.Lets hope PD can craft a similar RNS to this one.GLTA
seangwhite
24/7/2014
19:31
Great if PTR can emulate this :

23 July 2014

Ruspetro plc ("Ruspetro" or the "Company")

RUSPETRO ANNOUNCES SUCCESSFUL FIRST HORIZONTAL WELL TEST

London, 23 July 2014: Ruspetro plc (LSE: RPO) today announces that a successful ten day flow test has been carried out on the Company's first multi-stage fractured horizontal well (number 214) in its Pottymsko-Inginsky license area.

Three large fractures were placed in the 600 meter horizontal section of the well. After initial clean-up the well produced an average rate of 1,350 bopd over the test period with a watercut of approximately 50%. The watercut is steadily declining, as expected, and this will allow for further optimisation of the performance of the electrical submersible pump.

The well is connected to the Company's production infrastructure and has been contributing materially to sales volumes since early July 2014. For reference, average production in Q2 2014 was 3,235 bopd prior to the hook-up of well 214.

The second well in our current campaign, well 251, is currently being drilled and is expected to be completed in early September. In this well, the company will employ, for the first time in Russia, a completion system designed and implemented by NCS Energy Services. The system allows for a larger number of customised fractures to be placed along the horizontal wellbore than the completion technology that is currently available in the country.

John Conlin, Chief Executive Officer, commented: "The production performance of our first horizontal well is encouraging. Equally exciting is the introduction of innovative yet proven completion technologies into our operations, which we believe will make a positive contribution to value creation for our shareholders."

steelwatch
24/7/2014
17:13
Email them
rockin robin
24/7/2014
16:18
At least the possible European sanctions should have a very small impact here with our funds coming from India.
spudders
24/7/2014
16:12
Curry, I would not of thought drilling was price sensitive information, so no Rns required IMO but I could be wrong. Anyhow the share price is moving back up :))))
spudders
24/7/2014
15:20
why would they start but not rns that info?
currypasty
24/7/2014
15:04
thetoon... That is not what was said..
Just because it has not been announced does not mean they have not spudded.

From the egm presentation.

Once the Licence 61 Farmout is completed, PetroNeft will:
drill a delineation well at Tungolskoye, the Company's first horizontal well
drill up to five additional production wells at Arbuzovskoye
drill a delineation well at Sibkrayevskoye, where significant upside potential and near-term developments are possible.
acquire seismic data across Sibkrayevskoye, Emtorskaya and West Lineynoye and other leads and prospects in northern part of Licence 61.
The Tungolskoye No. 5 well will be the first horizontal well drilled on Licence 61. Oil services company, Halliburton, will provide technical assistance with the horizontal segment. It is anticipated that the Tungolskoye oil field will be brought into production in 2015.
All necessary supplies and equipment for this year's work programme have already been purchased and moved to the field by winter roads to allow for operations to commence upon completion of the farmout, thus ensuring that PetroNeft did not lose a year in its work schedule.
It is expected that drilling will recommence in July 2014.

dbarr0n
24/7/2014
14:05
This BOW never seem to fail to disappoint where is the spudding early July!
thetoonarmy2
24/7/2014
10:57
Rockin .. The trades were done within minutes, 42,855,060 which was Macquaries holding and 27,855,060.
Also 10,000,000 traded on the 15/7/14, possibly connected.

dbarr0n
24/7/2014
10:07
Not much left of July and still no news on T5 - hardly a great start for the 'new' PetroNeft.Might it be that the poor old BOD have gone on their holidays and forgotten the shareholders - a bit like a rerun of their news skills as shown over the last few years!GLTA
seangwhite
24/7/2014
10:04
DbI think the 28m dump is something else.43m shares went through for Mq last week.These shares should at least be in the hands of someone who bought them low at least & now should hold them.
rockin robin
24/7/2014
06:45
ravin146
23 Jul'14 - 22:37 - 26291 of 26294 0 0Moderate | Ban


So the story unfolds in the press which I am not a fan of before the markets/shareholders know.

Correct me if this is not accurate...If a 'small shareholder' buys the vast majority of 'c.6%' share dump does the 'small' investor not become large and therefore we should have been provided with an another RNS on time?!


The company will issue an RNS if and when new holders notify them of acquiring or disposing above/below reportable thresholds. Horse before cart!

steelwatch
24/7/2014
01:51
Nice to see the back of McQ and good to see buyers at not too big a discountLet's hope T5 comes goodGLTA
seangwhite
23/7/2014
23:09
thislooks like davy who managed the previous placement
putting mcq holding in safe hands
natlata saw value as well as oil india
the mkt had priced this to fail
mcq got loans repaid now they sell
the buyers see value
I would guess they are not here for the fun

trawl
23/7/2014
23:09
thislooks like davy who managed the previous placement
putting mcq holding in safe hands
natlata saw value as well as oil india
the mkt had priced this to fail
mcq got loans repaid now they sell
the buyers see value
I would guess they are not here for the fun

trawl
23/7/2014
22:37
So the story unfolds in the press which I am not a fan of before the markets/shareholders know. Correct me if this is not accurate...If a 'small shareholder' buys the vast majority of 'c.6%' share dump does the 'small' investor not become large and therefore we should have been provided with an another RNS on time?!
ravin146
23/7/2014
22:05
the vast majority of mcq stake was taken by an institution
the balance by davy clients at 5.37 per share
the placing was handled by davy
so it was not natlata
this was reported in irish independent today

trawl
23/7/2014
21:59
In Irish Independent this evening:

A MAJOR investor in PetroNeft Resources has sold its 6pc holding in the oil exploration firm.

The Macquarie Bank traded its 42.9 million shares for 5.37 pence last week.

The vast majority of the stock was taken by a large institutional investor, which is understood to be a shareholder with a small stake in the firm.

The remainder of the shares, which were placed by Davy, went to small private clients.

They were bought for 5.37 pence, below todays price which remained steady at 5.55 pence in London.

PetroNeft had told the Irish Stock Exchange it had received notification from Macquarie Group Limited, on behalf of Macquarie Bank Limited, that following market trades on 18 July 2014 "it no longer holds a notifiable interest in the issued share capital of PetroNeft".

Last month the oil and gas exploration firm received regulatory approval from Russian authorities to farm out a licence there to Oil India.

hxxp://www.independent.ie/business/irish/major-investor-in-petroneft-sells-6pc-holding-in-company-30454555.html

eltonyio
23/7/2014
18:19
Rockin Robin..
Thats part of the Macquarie sale.
The remaining 15 million have yet to show up.

dbarr0n
23/7/2014
17:59
Oh that's better.A 28 million share dump.Now perhaps this little mystery can starting unfolding....a little more...POSITIVELY!!!
rockin robin
23/7/2014
15:10
Canaccord HOLD rating with target price of 7.5p.... That is probably a lot more realistic than some of the CRAZY target prices that you see regularly on this page.... 15p on farmout approval and 20p by X.mas, yah right.....!!!!!!
denis black gold
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