Petroneft Resources Share Discussion Threads

[rcturner2] 17/4/2015 08:40

Ladbrokes is a classic example (LAD). Biggest yield on the FTSE 350 yet a massive red cross on all three questions.

[ravin146] 17/4/2015 08:32

Lol...slow burner is a understatement regarding this stock...

btw RXP has momentum unlike here!

gla

[rcturner2] 17/4/2015 08:29

ravin, probably not again, I am out of the sector completely

questions I often ask:

how intelligent are the bb posters who hold the stock?

is the share price showing momentum?

is the sector under pressure?

[rockin robin] 17/4/2015 08:08

TLW doing well recently. We could do with some of that kind of interest.

[ravin146] 16/4/2015 16:35

Most important point granto you have forgotten. Are investors being rewarded for their borrowed monies?! How much bonuses did management take over the last 5 years? Why are management not buying at such low levels?

[seangwhite] 16/4/2015 13:18

I think we all agree with the points laid out in your summary Granto.
Looks like we will have a good few months to wait for any outside interest to be shown in PTR. Any entity who wants to do something with the Company has plenty of time to sit back and wait for proof that the Company is now actually going forward.
A hostile bid of 7-8p would see most holders selling up and if the horizontal drills have indicated they can produce in line with expectations the bidder would have a nice old bargain.

VGLTA

[granto2] 16/4/2015 09:24

everyone got frustrated here over the years, i am sure the management did too. But the real fundamentals of any business are
1
Are we making money?
2
do we owe money?
3
do we have sellable assets?
4
do we have cash.
5
are we growing.
6
are the management experienced.

PTR ticks all the boxes for me. Yes it is a slow boat, but it is solid at least. better days ahead. maybe the dream won't come true but better days ahead all-the-same.

[ravin146] 15/4/2015 19:26

Approaching 4weeks since last rns, so outside chance this week, most likely next fortnight. However reading the last Rbs, they state in May the well will be spud. So could be after bank holiday. Rct, time to do that trade, that seems to work recently. Gla

[richie496] 15/4/2015 18:53

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[steelwatch] 15/4/2015 18:42

20 March

Tungolskoye Development

A contract for the drilling of up to 11 wells, up to five of which will be horizontal, has been awarded to SGK Drilling, a subsidiary of Eurasia Drilling, Russia's largest drilling contractor. SGK will use Schlumberger for measure-while-drilling and related services for the horizontal segments. A production drilling rig with top drive unit will be used for these wells, allowing longer horizontal segments with enhanced control. Mobilisation of the rig is underway and the first well is expected to spud in early May 2015.

The construction of a 25 km pipeline and power line to connect the Tungolskoye field back to the Lineynoye Central Processing Facility ("CPF") is underway. Over 20 km of pipe has been welded so far and it is expected that construction will be completed in April and that commissioning of the pipeline will be completed and in use by June 2015.


The Sibkrayevskoye No. 373 appraisal well is currently being drilled. It is expected to be completed in late April 2015. The well is designed to follow-up on the S-372 discovery well and to further delineate the Sibkrayevskoye oil field. Ryder Scott estimates the 2P reserves at over 50 mmbbls, making this the largest oil field discovered on License Block 61 to-date. Additional seismic data is also being acquired over the structure this winter as part of the 1,000 km 2D seismic acquisition programme which is currently underway. A development decision is expected in Q3 2015 with a view to the field being brought into production in 2016.


The Company plans to drill a horizontal well (No. L-10) in the J1-1 sandstone interval on the West Lineynoye L-8 structural lobe. The well will be up-dip from the L-8 exploration well which is currently producing 50 bopd from a vertical section of the J1-1 sandstone. The rig and supplies for this well are currently being mobilized and it is expected that the well will be spudded in May 2015 and completed in July/August 2015. The well can immediately be tied-into the Lineynoye CPF.

[steelwatch] 15/4/2015 18:38

crudde - have you ever had any faith here? Summer drilling campaign on Tungolskoye should be starting around now and Sibkrayevskaye drill result not far away.

[crudde99] 15/4/2015 18:26

toonarmy2.... Im slowly loosing faith here, have you any little bit to spare as I'm about running on empty... LoL

[crudde99] 15/4/2015 18:20

seangwhite... although Db's input is more than always welcome I feel that what we need more than anything else is lots more believers and investors...?? Still very much of the investor networks radar..!!

[seangwhite] 15/4/2015 17:18

Where is Db these days when his input is needed - away on holidays I suppose?

[thetoonarmy2] 15/4/2015 13:43

Nah it will be heading up very soon, oh yea of little faith:)

[woodpecker25] 15/4/2015 11:50

seangwhite - sideways?

[rockin robin] 15/4/2015 08:21

Up.Whatever is sold recently, is immediately bought, so someone sees value in PTR TRYING TO DOUBLE PRODUCTION IN 2015.

[seangwhite] 14/4/2015 20:13

DbAny thoughts on where we are heading in the near term as the sector is well out of favour.GLTA

[hoper2] 14/4/2015 16:40

Had a punt - 150,000 at 4.19p - after watching for a while. There doesn't seem much downside from here, even if the Sibkrayevskoye appraisal well disappoints. It's hard to find decent little oilies at the moment - this one looks the best of the bunch.

[kevjones2] 11/4/2015 23:19

Thanks Steelwatch. Will do.

[steelwatch] 11/4/2015 10:11

Kev - Yes. Click the little "right arrow" in a circle next to that poster's name and select "Filter" from the dropdown menu. Manage your Filter list from the bottom toolbar above the header on all bulletin board pages.

[kevjones2] 11/4/2015 09:19

Is there any way of filtering other posters on ADVFN?

[seangwhite] 11/4/2015 01:10

Can't see that Tens as the volumes traded recently have been relatively small.A fairly modest or hopefully decent purchase by our own long time sitting and well remunerated BOD would be welcome and very assuringVGLTA