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PTR Petroneft Resources Plc

0.085
0.00 (0.00%)
28 Mar 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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Petroneft Resources Share Discussion Threads

Showing 40801 to 40824 of 47275 messages
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DateSubjectAuthorDiscuss
20/3/2015
14:19
Main thing is..we're 'on plan', so-called traders might 'duck out' today, but they know PTR is 'on song' and can drill with no financial concerns, unlike most other oilers, who will be stop drilling new wells because the current oil price is just too low to justify the expenditure. I think today's sellers will be 'tmw's buyers'.PTR's BOD, more by luck, have somehow got themselves in a situation, where the drilling is 'free' to PTR, the cost of drilling, because of the dollar/ruble rate fall, is fantastic. All they need now is the plan to play through, and they're onto a $5m bonus!!!How on earth, did they manage that?Probably why they aren't bothering buying shares too...
rockin robin
20/3/2015
13:55
Rct I believe you could do that trade again. You would expect the next horizontal wells to initially post 500-700bopd. Another 6 weeks for the next rns. I expect this drift back down slightly.Gla to trade and long terners
ravin146
20/3/2015
13:36
granto - OIL has no interest in 67. 50/50 with Arawak.
steelwatch
20/3/2015
13:29
RCT, me too, If we are really fair here, the original T-5 result was an initial result and 600 bopd was very very high. My experience from H wells is they generally produce about 350bopd if the normal rate is 100 bopd. so the drop back to 400 was expected, I am a little disappointed that the Arb wells are not closer to 130bopd because these too will quickly fall back to 75 and even 50 bopd with 3 or 4 years. I was pleased to hear we are getting a H well drilled in Lim, this was not expected if my memory is correct. Possibly due to the Dollar-Ruble saving etc. However I am not expecting a gusher but it all adds up. Dennis hinted at looking at license 67, and i expect some news there, possibly a sell off or a farm out or farming, I don;t think Oil India will allow an asset sit there. However I do think no decision will be made until we get a clear picture from the northern section of the license. The good news is costs are lowering, pro=rata costs are lowering, lots of progress, and the 25km pipe is nearly finished. let us not forget where this company was this time last year with debt and declining production.
granto2
20/3/2015
13:08
thanks granto, I'm happy enough anyway. If the drill bit does the work and the Russia/Ukraine situation cools down, then these will definitely rise from here. I've just gone a bit risk off these days.
rcturner2
20/3/2015
12:50
Putting in a forecast is crucial, yet dangerous as shown in the past.
ravin146
20/3/2015
12:27
Its a good report and given our history we should be thankful for any positive progress but once again we have an issue (Yes I know they happen all the time in O&G) that prevents us from seeing an increase in production. How many years have we been stuck around 2-2.5k BOPD - despite more wells etc. there always seems to be something that prevents the expected step up. Its nice to see a production target again and given their history I would imagine they wouldn't be foolish enough to have stretched it too much.
chris cat
20/3/2015
12:23
RCT, selling today was a smart trade. I am here long term so I am happy to ignore the spikes up and valleys down. My eyes are firmly on the northern half of the license. The recent results were expected, The value of the ruble is critical here, with PTR getting roughly 50% more bang for its buck, also drilling costs and £D seismic cost are all down at the moment. So as DF said it acts as a hedge. License 67 could be sold, the resulting cash injection will lift us here too. The T5 shut off is messy but will be sorted. roll on the summer. lots of little wins here, even chopper fees are down. final point,If S-373 is a winner and the Sd comes back with better reserves, it will boost us.GLA.
granto2
20/3/2015
12:16
Flow rates for A104 and A107 are a little disappointing as is the parking of T-5 temporarily. At least it's there just waiting to be switched back on. If they can meet their projection target, which I think is strategically set low enough by them that the should easily beat it, then I'll be happy. If they miss it, then I would class that as a failure.

I've updated the spreadsheet but haven't touched DB's projections, which were projecting closer to 5,000 by year end. That was with A104 and A107 flowing 175 and 125 bopd respectively.

dubhgeannain
20/3/2015
12:11
Rct clearly you didn't realise I'm playing around. Profit is profit well done.
ravin146
20/3/2015
11:53
For what possible reason would I lie about selling my shares? I sold 250k today, you can see the trade. A bit of pocket money made, that's all.
rcturner2
20/3/2015
10:31
Rockin trust no one on bbs. Everyone is here to make money end off regardless what they say on bbs. Rct sold, advised his neibours mate and 'bought' again lol fair enough all to their own! Gla decent rns today, hopefully t-5 back on as soon as possible.
ravin146
20/3/2015
10:30
costs….everything in moscow is cheaper these days, even Mc Donalds Restaurant kept its prices at ruble levels, and drink sin bars are mostly the same except for foreign imports/ I have no doubt that PTR is making huge use of the Oil India $45m - Ruble rate. Both in drilling costs and staffing costs, transport etc. I was not aware we were drilling in Lim this year with a easy tie back. for me the best is yet to come in S-373. here is hoping
granto2
20/3/2015
10:01
I've got a feeling 'you'll be back' RCT.
rockin robin
20/3/2015
10:00
Schlumberger seeking to buy out Eurasia Drilling it seems:
steelwatch
20/3/2015
09:48
It was pretty dour until I hot the 4000bopd. nice.
granto2
20/3/2015
09:10
RR, I have come to regard the sector as too risky. I make decent money off far more boring and stable investments and I am happy with that.
rcturner2
20/3/2015
09:01
I can now read dbarron mind haha. Decent rns, Shame about t-5. Forecast mention is key change in stance based on previous rns's.
ravin146
20/3/2015
09:01
Doubling production at no cost to PTR - should take care of the shortfall in income from oil halving. The Dollar ruble slide will half+ costs, if & when oil price returns PTR will be in the £ seats.You should be buying / investing here RCT not trading.
rockin robin
20/3/2015
08:45
LOL Ravin, your guess was more educated than mine ;-)
steelwatch
20/3/2015
08:40
I sold mine this morning, took a quick 20% profit here. Good luck to all who remain.
rcturner2
20/3/2015
08:05
Makes us look even more undervalued.Forecast looks promising.
rockin robin
20/3/2015
07:46
i agree , lots of stuff in the offing aswell
tens machine
20/3/2015
07:38
Yip, reads ok apart from the T5 glitch of 'several weeks' Just hope they don't repeat falling into trap of over promise under deliver......

Year-end 2015 production from Licence 61 is estimated to be between 3,500 and 4,000 bopd, based on our current drilling results and planned 2015 drilling programme

oilretire
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