Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft Resources Plc LSE:PTR London Ordinary Share IE00B0Q82B24 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.325 1.15 1.50 1.325 1.325 1.33 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -5.7 -0.8 - 10

Petroneft Resources Share Discussion Threads

Showing 40951 to 40975 of 41075 messages
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DateSubjectAuthorDiscuss
25/4/2019
07:06
Easy to forget the latent value in this stock with the processing facility. The net pay on the new reserves is especially good to hear.
bmw30csl
24/4/2019
10:13
This has to go much higher sitting on a massive oil field here hope this management can incourage new investors
telegraph1
24/4/2019
07:15
Petroneft Resources PLC Reserve Update 24/04/2019 7:03am UK Regulatory (RNS & others) Petroneft (LSE:PTR) Intraday Stock Chart Today : Wednesday 24 April 2019 Click Here for more Petroneft Charts. TIDMPTR RNS Number : 8627W Petroneft Resources PLC 24 April 2019 PetroNeft Resources plc 24(th) April 2019 PetroNeft Resources plc ('PetroNeft' or 'the Company') Increase in Reserves for Licence 67 following drilling success PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 (the remaining 50% held by Arawak Energy), is pleased to give the following update in relation to reserves at its Licence 67. Highlights -- New reserves approved for Licence 67, Cheremshanskoye field. -- Approximately 19.26 mmbbls of C1 + C2 reserves (gross) for the Jurassic Reservoirs. -- Currently examining development options for Licence 67. -- Material additional exploration potential of the overlying Cretaceous section being studied. Reserve Boost Following on from the successful drilling on Licence 67 of the C-4 appraisal well on the northern part of the Cheremshanskoye field, PetroNeft has received approval from the State Reserves committee (GKZ) for C1 + C2 reserves of 2.5 Mtons (this is approximately equal to 2P reserves of 19.26 mmbbls). The reserves approved are in the Upper Jurassic (J1) and Lower Jurassic (J14) intervals. PetroNeft's internal assessment of the field further indicates potential for reserves to more than double in the future, as the current reserves do not reflect the full potential for the Jurassic intervals within this large four-way dip closed structure which extends over 46km(2). The Company is also evaluating the prospectivity in the overlying Cretaceous play within the Cheremshanskoye and Ledovoye fields. Historically the Cretaceous play has been difficult to target due to siting wells on 2D seismic data. Both the Cheremshanskoye and Ledovoye fields are covered with high quality 3D seismic data which the Company believes could be the key to unlocking the full potential of this exciting additional play.' David Sturt, the Company's Chief Executive Officer ("CEO"). 'This is a great step forward for the company following the drilling of the successful C-4 well in 2018. Now that we have reserves independently approved, we can start evaluating development options for the field with our partner. We are very excited about the ultimate potential of this field as we now have oil proven at both ends of this substantial structure. In addition to the reserves which are now proven in the Jurassic sands, we are also very encouraged about the potential within the Cretaceous interval where oil was identified in the C-4 well but could not be tested for operational reasons." Licence 67 in detail The Cheremshanskoye field lies in the southern half of Licence 67 which PetroNeft operate with a 50% working interest, the remaining 50% held by our partner Arawak Energy. The field lies to the south and adjacent to the producing Lomovoye field (operated by Tomskneft) and to the south of Licence 67 lies the giant South Cheremshanskoye field. In addition to the Cheremshanskoye field, in the north west part of the licence lies the Ledovoye field where oil has previously been encountered in the Jurassic and Cretaceous reservoirs in three previous wells. Oil has been tested here in the Upper Jurassic J1 interval, but the Cretaceous B16-17 interval was not tested due to operational problems. We are currently assessing what we believe to be the considerable potential of this earlier discovery. In addition to the proven Jurassic intervals in the Cheremshanskoye field, we are also looking at the exploration potential of the overlying Cretaceous intervals which are very prolific in the South Cheremshanskoye field immediately to the south. The licence was acquired via state auction in 2010. Two prior exploration wells (C-1 and C-2) had been drilled on the Cheremshanskoye structure during Soviet times. PetroNeft identified potential bye-passed pay in these wells and drilled the C-3 delineation well in 2011 and tested oil in the J14 and J1 Jurassic intervals. 3D seismic data was acquired over Cheremshanskoye in 2014 and the C-4 well was drilled on the north end of the structure in 2018. The C-4 well encountered approximately 10.3 m of net oil pay in the J1 interval with very good open-hole and cased-hole testing indicating that the well will produce over 400 bopd on pump. Oil was identified on logs in the Lower Cretaceous B-18 interval in the C-4 well but was not tested. For further information, contact: David Sturt, CEO, PetroNeft Resources plc +971 919 808 John Frain/Brian Garrahy, Davy (NOMAD and Joint +353 1 679 Broker) 6363 Henry Fitzgerald-O'Connor, Canaccord Genuity Limited +44 207 523 (Joint Broker) 8000 +353 1 498 Joe Heron / Douglas Keatinge, Murray Consultants 0300
tomboyb
24/4/2019
06:45
Lets see how the new CEO performs as this Company has sadly been subject to no real management for years
seangwhite
24/4/2019
06:38
Rns 👍🏻 New management performing well 🥳
spudders
12/4/2019
15:22
I think if the new CEO was that confident he would have bought more than £8,200 worth of PTR shares.
loganair
12/4/2019
15:16
The new CEO earlier was a founding shareholder of VistaTex Energy, a US oil and gas producer sold in 2014 to Dome Energy. I wonder if this gives any clues of what may be in the pipeline for PTR. Mr Sturt said Petroneft was currently talking to a number of companies regarding its licences, but the process was ongoing. “I am very pleased with the level of interest and the calibre of companies that we are currently talking to,” he said. “Over the past 12 months the asset acquisition market in Russia has seen increased activity, especially for the larger domestic companies. This gives us reason for optimism about a positive outcome.”
loganair
12/4/2019
14:33
spudders........A roll-over? Thanks for AMER
base98
11/4/2019
17:27
Large trade end of play !
spudders
10/4/2019
20:28
https://www.irishtimes.com/business/energy-and-resources/petroneft-chief-flags-significant-potential-in-assets-1.3854538 https://www.irishexaminer.com/breakingnews/business/irish-explorer-petroneft-mulls-sale-of-russian-assets-916650.html
joemon2
09/4/2019
22:49
Dubh maybe that small drop of water will gives us enough strength to get us all to the oasis keep the faith
telegraph1
09/4/2019
15:55
Ah, I see. So all this time all I had to do was to start talking down the stock :) Just to read an RNS regardless of any material developments is like finally getting a drop of water after wandering aimlessly in the desert.
dubhgeannain
09/4/2019
12:41
634K share buy - don't see that often on here
knicol46
09/4/2019
12:41
hTTps://www.independent.ie/business/irish/new-petroneft-ceo-sees-significant-potential-in-companys-assets-37996762.html
kevjones2
09/4/2019
12:08
Onwards and upwards 👍🏻
spudders
09/4/2019
06:22
Maybe this is the New Chapter we were promised many years ago! Good luck to the new CEO.
spudders
09/4/2019
06:14
Positive statement we have to give it a chance onwards and upwards
telegraph1
07/4/2019
16:07
When we see an increase in trades I suspect it won’t be that long until we get news of license disposal. It’ll be an interesting next few months under new management!
spudders
05/4/2019
11:35
What like PTR you mean?
thetoonarmy2
04/4/2019
06:35
UEN has been delisted from AIM after the NOMAD resigned and everyone else refused to work with them. Shareholders there appear to have lost everything. These types of company have had their day on AIM, no one is interested in dodgy small cap oilers anymore.
rcturner2
02/4/2019
15:22
Looks like we’ll be sub 1p soon 😩
spudders
24/3/2019
11:59
New CEO will be starting tomorrow, maybe things will start to change ?? Director buying would be a positive; but I suppose we could be in a closed period if license negotiation underway. Best of luck all long suffering holders.
spudders
21/3/2019
14:54
There have been plenty of chances over the last couple of years to cry foul re: PTR and many have understandably taken that opportunity. I've held my negative sentiment until now but what I now risk losing from talking down the stock is not worth freaking out over. Having been saved from the perils of oblivion under a mountain of debt only very recently, things were looking up. Now back to piling on the debt again and no good news in sight regarding exploration or production. It's not looking at all good now and the PIs have been kept very much in the dark. Petroneft - joined Twitter in 2011 and yet to tweet in a nutshell shows their communications ability. Disappointing but it could always be worse.
dubhgeannain
21/3/2019
07:43
Have to agree, Looks on the surface not too good for us PI’s. But we are still trading and I pressume still pumping oil! Mr Market will speak soon, let’s hope he can see it as a positive ?????
spudders
21/3/2019
07:26
This is my initial reaction which could well be waaaay off the mark: If PTR is sold, say to Korobov, Petrograd (mainly owned by Korobov) get a bonus of $2.5m for "loaning" PTR an additional $0.5m? In other words, if the Licence 61 or 67 is sold €5m is already gone? Also, why no update on the potential sale, or even a production update? Becoming very uncomfortable here.
kevjones2
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