Petroneft Resources Share Discussion Threads

[rockin robin] 07/5/2015 08:38

Promising...?

[crudde99] 06/5/2015 20:14

The "about to blow...LoL" remark..!!! BLOW UP in a good or in a bad way ??

[ravin146] 06/5/2015 16:51

Sorry elaborate more on exactly what?

[crudde99] 06/5/2015 16:28

Sorry ravin could you elaborate a little more as I'm feeling a little slow or rather slower than normal today..!!

[ravin146] 06/5/2015 16:00

About to blow...lol More exchanges going on in the background...who sells 200k or so when news is forthcoming...must be big boys exchanging again

[steelwatch] 06/5/2015 14:51

Pregnant pause....!!

[crudde99] 06/5/2015 14:45

So Quite....??

[ravin146] 05/5/2015 20:39

"A slow steady newsflow of actually getting production up will in time lead to a revaluing of PTR and its share price " Sean that will be the foundations of improvement/may be rise but only if the market thinks it great. Remember they already 'estimated' production to double....market didn't react. The only movements in share price going up have been due exchange of large shareholders. I hope I am proved wrong and either way I'm happy, but I believe production alone is not enough, need new seismic results, reserve upgrade, press coverage (not just Ireland and oil barrel and shareholder/brokers canncord etc.) There must be something hidden for oil to have bought half the stake, make more than $85m...

[seangwhite] 05/5/2015 20:22

PTR has a history which can be summed up as 'over promising and consistently under delivering'.The current share price discounts all the capital spent on pipelines and production infrastructure, and also gives a very low valuation for the the P2 numbers.A slow steady newsflow of actually getting production up will in time lead to a revaluing of PTR and its share price All long term holders here deserve a bit of luck to reward their well tested patience.I hope the next RNS will mark the start of the 'good news'VGLTA

[ravin146] 05/5/2015 18:17

*making money

[ravin146] 05/5/2015 18:15

Not go as in go away, more in terms of investment if results don't prove fruitful. Just remember...this is a two way agreement, costs are split and revenue is split. At present cost/investment is provided by oil, in order to buy their stake. In 5 years time, ptr will need to be in a position, i.e have money, to input their half of contribution. By 3-4 years, ptr need to be making surely? Correct me if I am wrong?

[ravin146] 05/5/2015 16:32

*gut instinct

[ravin146] 05/5/2015 16:27

Steel I hope am proved wrong, but that is my guy instinct. Unfortunetly, the bottom line is, making money not making friends with the directors. There is money to be made elsewhere, but I have patience still here.

[steelwatch] 05/5/2015 15:35

ravin - not entering into any guessing games, but sure hope you are proved wrong. Perhaps the market stance towards PTR is seeing is believing and not before!

[ravin146] 05/5/2015 13:50

Some of you guys have missed the point here...note the company 'forecasting' to double production by year end in one rns did f all to share price production increase is a foundation. It won't make a building if you get my drift. Game changing news is needed. If you be happy with your investment for years with most likely de-valuation again in 5 years time once oil have packed up and gone. Gla. Reserve update and share price to 7p I'm happy.

[granto2] 05/5/2015 13:30

3500 to 4000 is a pretty conservative estimate. However, I have to caution that but saying even if we hit 4500 bopd I fell the share price would not be lifted hugely. The share price will only be boosted by the results from S-373, or significant seismic data results, coupled with strong financial returns. all doable.

[rockin robin] 05/5/2015 13:21

PTR's last RNS..-- "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"-That's only bringing 300 bopd - onboard every month until YEnd.Should be an interesting year - if we can all actually stay awake..

[crudde99] 05/5/2015 13:14

ravin.... whatever upside we may gain pre and "hopefully" post rns i feel that unless it's some form of a game changer rns for the Co. we will once again gradually fall back over a few days or a week to our default share price setting of approx' 3.8p up to 4.5p. That just seems to be the norm for us PIs !!!

[rockin robin] 05/5/2015 13:12

The last RNS 6 weeks ago last Friday.So if they stick to 6-weekly updates - we are due something soon.The last RNS was full of detail, & of forthcoming News, so, with luck, something might have actually happened by now..

[ravin146] 05/5/2015 10:53

Thursday imo...hopefully I'm right! Let's see if we see the traditional price movements pre-rns

[tens machine] 04/5/2015 22:48

Hopefully we will get an update this week